Confirming you are not from the U.S. or the Philippines

Dengan memberikan pernyataan ini, saya mengaku dan mengesahkan bahawa:
  • Saya bukan seorang warganegara atau pemastautin A.S.
  • Saya bukan warga Filipina
  • Saya tidak memiliki secara langsung atau tidak langsung lebih daripada 10% saham/hak mengundi/faedah pemastautin A.S. dan/atau di bawah kawalan warganegara atau pemastautin A.S. yang dilaksanakan dengan cara lain
  • Saya tidak berada di bawah pemilikan langsung atau tidak langsung lebih daripada 10% saham/hak mengundi/faedah dan/atau di bawah kawalan warganegara atau pemastautin A.S. yang dilaksanakan dengan cara lain
  • Saya tidak berafiliasi dengan warganegara atau pemastautin A.S. dalam terma Bahagian 1504(a) FATCA
  • Saya menyedari akan liabiliti saya kerana membuat pengakuan palsu.
Untuk tujuan pernyataan ini, semua negara dan wilayah bergantung A.S. adalah sama dengan wilayah utama A.S. Saya memberi komitmen untuk mempertahan dan tidak mempertanggungjawabkan Octa Markets Incorporates, pengarah dan pegawainya terhadap sebarang sebarang tuntutan yang timbul dari atau berkaitan dengan sebarang pelanggaran pernyataan saya ini.
Kami berdedikasi terhadap privasi anda dan keselamatan maklumat peribadi anda. Kami hanya mengumpul e-mel untuk memberi tawaran istimewa dan maklumat penting tentang produk dan perkhidmatan kami. Dengan memberikan alamat e-mel anda, anda bersetuju untuk menerima surat sedemikian daripada kami. Jika anda ingin berhenti melanggan atau ada sebarang soalan atau masalah, tulis kepada Sokongan Pelanggan kami.
Octa trading broker
Buka akaun dagangan
Back

When is Japan’s Q2 GDP and how could it affect USD/JPY?

Japan’s Finance Ministry is up for releasing the final version of the second quarter (Q2) 2020 Gross Domestic Product (GDP) figures at 23:50 GMT on Monday, early Tuesday morning in Asia.

Market consensus bears the burden of the coronavirus (COVID-19) outbreak while suggesting an additional contraction of -8.1% versus the preliminary figures of -7.8% QoQ. It’s worth mentioning that the Annualized GDP numbers are also likely to deteriorate from the initial estimations of -27.8% to -28.6% during the reported period.

Considering the Bank of Japan’s (BOJ) readiness to adopt unconventional monetary policy tools should the economy deteriorate, today’s GDP becomes the key for the USD/JPY traders.

How could it affect USD/JPY?

Considering the risks to Asia’s major economy highlighted by the BOJ policymakers, in the latest meeting, any further weakness in the GDP figures will push the Japanese central bank towards further easing. While the downbeat data may offer immediate weakness to the USD/JPY pair, the risk aversion wave, mainly backed by the Sino-American and Indian-China tussles, can question the JPY bears.

Technically, a slow grip upwards from 105.20 favors the quote to confront 50-day SMA, near 106.40, but any further upside will be capped by the 100-day SMA, at 106.88 now. Meanwhile, an ascending trend line from July 31, currently around 105.55, may restrict the pair’s nearby downside.

Key Notes

USD/JPY Forecast: Waiting for clues from yields

About the Japanese Q2 GDP

The Gross Domestic Product released by the Cabinet Office shows the monetary value of all the goods, services and structures produced in Japan within a given period of time. GDP is a gross measure of market activity because it indicates the pace at which the Japanese economy is growing or decreasing. A high reading or a better than expected number is seen as positive for the JPY, while a low reading is negative.

Japan’s Suga: If next prime minister decides to call snap election that should be the case

Japan’s Chief Cabinet Secretary Yoshihide Suga, also a top candidate to replace the Prime Minister (PM) Shizo Abe in September 14 election, crossed wi
Baca lagi Previous

Gold Price Analysis: XAU/USD shrugs off geopolitical tension to seesaw around $1,930

Gold prices pick-up the bids near $1,931 ahead of Tuesday’s Tokyo open. Even so, the yellow metal remains in the immediate $1,924-33 trading range. Th
Baca lagi Next