Daily Technical Analysis

1. USD/JPY Analysis:  

News Summary: 

The Bank of Japan has begun discussing the possibility of adjusting its yield curve control settings again, as long-term government bond yields are rising in tandem with US Treasury yields. The BOJ is likely to discuss the matter at its next policy conference, but some officials remain cautious and believe that it is necessary to continue to monitor wage increases. The Bank of Japan will hold its next meeting on 31 October.  

Trend Analysis: 

We can see USD/JPY is oscillating around the 150.00 mark. Japanese core CPI rose by 2.8% year on year in September, slightly higher than the 2.7% expected by the market, but down from 3.1% in August, which was the first slowdown in more than one year. It means that yen may continue to depreciate, so the buy limit is acceptable strategy, stop loss is compulsory.    

Today's Key Price Levels: 

Key Support Levels: [148.70] 

Key Resistance Levels: [151.00] 

Pivot Points [149.50]

2. AUD/USD Analysis:  

News Summary: 

The Australian dollar had a choppy decline over the last week as it resumes downtrend. The market currently appears to prepare decline, reflecting recent price action. Owing to ongoing geopolitical uncertainty and the unpredictability of global growth, it is reasonable to expect the Australian dollar to remain volatile.  

 Trend Analysis: 

We can see AUD/USD fell after encountering resistance in its rebound on H4 chart. The Australian dollar seems to be ready for continued fluctuations. Based on the current uncertain geopolitical environment and the strength of the US dollar, investors looking for opportunities in market may consider short-term trading. It is crucial for judging potential trend direction in changing market conditions. The reasonable option is to set sell limit, stop loss is necessary.   

Today's Key Price Levels: 

Key Support Levels: [0.6200]

 Key Resistance Levels: [0.6400] 

Pivot Points [0.6350]