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December 21 – According to sources, another oil tanker has been seized by the United States in waters near Venezuela as President Trump intensifies his oil blockade against the government of Venezuelan President Maduro. The seized tanker, the "Bella 1," is a Panamanian-flagged vessel under U.S. sanctions and was en route to Venezuela to load cargo. This interception follows the seizure of the "Century" supertanker early Saturday morning and the seizure of the "Skipper" tanker on December 10. The White House did not immediately respond to a request for comment.On December 21, local time, the Israel Defense Forces (IDF) issued a statement saying that during operations in northern Gaza that day, several suspicious individuals were spotted gathering near the Yellow Line, the ceasefire line. IDF fired warning shots, but three armed men crossed the Yellow Line and approached IDF forces, posing a "direct threat." IDF airstrikes subsequently killed them. The statement also noted that in two other separate incidents in northern Gaza, IDF forces also discovered two armed men crossing the Yellow Line and approaching soldiers. IDF airstrikes subsequently killed them.On December 21, the French presidential palace stated that it would determine the "best way" for French President Macron to hold dialogue with Russian President Putin "in the coming days." The French presidential palace welcomed Russias statement that Putin was willing to engage in dialogue with Macron, and that France believed the aim of such dialogue was to achieve a "stable and lasting peace," and that the content would be "transparent" to Ukraine and Europe.December 21 - According to a report released by the Indonesian Meteorology, Climatology and Geophysics Agency, a 5.6-magnitude earthquake struck off the coast of North Maluku province, Indonesia, at 19:21 local time on December 21. The epicenter was located at 1.47 degrees north latitude and 126.34 degrees east longitude, with a focal depth of 27 kilometers.December 21 - On December 21, MiniMax, a general artificial intelligence company, published its post-hearing information set prospectus for the first time.

USD/JPY Price Forecast for the Week Ahead: The US Dollar Continues to Climb

Alina Haynes

Oct 24, 2022 15:54

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The US Dollar strengthened against the Japanese yen throughout the week, surpassing the psychologically significant 150 mark. In doing so, the market is demonstrating its disregard for the Bank of Japan and its warnings, as the BOJ has previously attempted to intervene and we are almost 1000 pips above that level. In this situation, it would appear that the central bank has no choice but to allow the currency to devalue.

 

Purchasing "unlimited bonds" is equivalent to producing "unlimited currency," hence the supply of Japanese Yen will continue to be a significant drawback to the exchange rate. Consequently, this is a one-way exchange, but also one that you do not necessarily wish to alter. It would be reasonable to expect a retreat sooner or later, if for no other reason than sheer tiredness.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads as low as 0 pips and a commission rate of $3.50 per 100,000 USD traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

The 150 level will be sustained, as will the 147.50 and 145 levels, in that order. We are overextended, but nonetheless, this is a one-way street, and you cannot fight it. If the Bank of Japan does interfere, it will most likely be an excellent purchasing opportunity. I do not have a target at this time because, very simply, it depends on when the Bank of Japan eventually concedes that interest rates must rise in their nation, or they will no longer have a currency. The greatest obstacle they confront is that Japan would never be able to repay its enormous debt at increased interest rates.

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