GBPUSD
Yesterday, the pound continued its gains this week, rising all the way after the start of 1.2643, hitting a intraweek high of 1.2723 before falling back slightly. This suggests that the market aftershock caused by the Fed`s previous monetary policy statement is still large. In the European market yesterday, the Bank of England announced that it would maintain interest rates of 0.75 per cent and £435 billion in asset purchases, noting that economic growth in the UK slowed and salary growth was likely to stabilize in the first half of 2019. If Britain leaves the European Union smoothly, the Bank of England will tighten monetary policy at a gradual and limited rate. UK GDP growth is expected to fall from 0.2 percent to 0 percent in the second quarter, with CPI likely to fall below the target of 2 percent this year, given the increased likelihood of unagreed Brexit. Although the uncertainty of Brexit continues, many investors are ready for the worst, as confirmed by technical analysis. Support near 1.2500 has passed this week`s test, a key point that is likely to be the lowest valuation of the pound before it officially leaves the European Union. In the short term, as long as there is no big news of Brexit, there is little room for sterling to rise, but the rate of rise is likely to be slower. Although there is a weak resistance level near 1.2730, it is not difficult for sterling to make a breakthrough upward. British data will hardly affect the pound in the coming month. If the Fed decides to cut interest rates at its next meeting, sterling could return to more than 1.3000.
USDCHF
The dollar plummeted more than 130 points yesterday at 0.9937, the lowest since February, the lowest since February. The sharp fall in yesterday showed that the market began to reassess the value of the dollar, on the one hand, the impact of the fed`s interest rate cut on the dollar, on the other hand, the impact of trade on the economy in the United States and the world. This could also make the United States dollar a large wave of wave in the last trading day of the week. The fall in the dollar against Richiro was more rapid than the other risk-safe currency, mainly because the dollar has fallen by nearly 2% since mid-May, while the Swiss franc is relatively small. On the technical side, the Swiss franc has formed a strong support near the 0.9880 this week, as the greenback has a quick and strong rebound after reaching the point, and the two bounce nearly a hundred points. But no resistance was encountered yesterday at a break of 0.9880, which made it possible to move in one step. As there is another strong support in the vicinity of 0.9720, Mr. Richiro wants further breakthroughs to wait until the next meeting of the Federal Reserve.
USDJPY
Japan`s central bank interest rate decision, announced yesterday, was unexpectedly maintained at-0.1 percent until June 20, and the BoJ said it would keep interest rates extremely low until at least the spring of 2020. The interest rate resolution has not caused much volatility for the United States and Japan, and the Fed`s dovish statements and risk aversion in global capital markets have dominated the yen`s strength in the last two trading days. The dollar fell sharply against the yen from 108.1 to more than 50 points below 107.6 in Asian trading on Thursday, before rebounding slightly but the momentum of the rally disappeared in the United States. The yen continued its strength, rising as high as 107.2 in two trading days, with gains of more than 130 points in two trading days. In the short term, FOMC`s interest rate statement on Wednesday will continue to ferment in the market, and the pressure on US and Japanese exchange rates may continue for some time, although it also needs to take into account the support of low buying in the market. From a technical point of view, with the exception of the January flash crash, the low point has fallen below, and the next key support will be 105 integer bits, such as falling below 105 market expectations or shifts.
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