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! ! Big news! ! Big news! ! 🔥🔥🔥
On June 14, the cryptocurrency market presented a magnificent picture. The major currencies fluctuated
The USD/JPY currency pair fluctuated in a narrow range, with initial resistance above around 157.40 and support below around 155.00. Although the US dollar was boosted after the release of the US Producer Price Index (PPI) and Consumer Price Index (CPI) data, the yen was still affected by its domestic monetary policy and economic fundamentals and performed relatively weakly. In terms of AUD/USD, the employment data released by Australia performed well, but affected by the hawkish tone of the Federal Reserve, the Australian dollar against the US dollar was difficult to change its decline and closed at 0.6635.
The unexpected remarks of Federal Reserve officials became the focus of the market that day. Officials predicted that there would be only one rate cut this year and postponed the forecast for the start of the rate cut until possibly December at the latest. This hawkish tone has supported the US dollar again after a period of adjustment.
In terms of financial data, a series of important economic data released on the day had a profound impact on the market. Data such as the monthly rate of the US import price index in May and the monthly rate of Canadian wholesale sales have reflected the health of the economies of various countries to a certain extent, providing investors with a basis for decision-making. The reverse repurchase operations carried out by the People's Bank of China and the changes in the RMB exchange rate midpoint in the interbank foreign exchange market also reflect the orientation of domestic monetary policy and market exchange rate expectations.
In terms of investor sentiment, the market showed a cautious and optimistic trend on the day. Although the trend of major currency pairs fluctuated greatly, investors still have a certain degree of confidence in the long-term prospects of the market. Some investors focus on the monetary policy trends and economic data releases of central banks in various countries to find investment opportunities.
The USD/JPY currency pair is seeking a breakthrough in a narrow range of consolidation, while the AUD/USD is tested by the support level below. In terms of technical indicators, such as MACD, KDJ, etc., they all show the comparison and changes of the strength of both long and short sides of the market, providing investors with a basis for technical analysis
