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Key Highlights USD/JPY is holding gains above the 156.20 support zone. A major bullish trend line is forming with support at 156.50 on the 4-hour chart. Gold prices are again slipping lower toward the $2,280 level. EUR/USD failed to recover above the 1.0850 resistance zone. USD/JPY Technical Analysis The US Dollar remained well-supported above the […]

The post USD/JPY’s Upward Trajectory: Can the Pair Hit New Peaks? appeared first on Action Forex.

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25/04/2024

Japanese Yen Hits All-Time Low as BoJ Meeting Commences

The USD/JPY pair reached an all-time high on Thursday, touching the 155.50 level. This development comes as the Bank of Japan (BoJ) starts its two-day monetary policy meeting with widespread expectations that the interest rate will remain unchanged at zero. Investors are keenly watching for any aggressive signals from the BoJ, as further declines in […]
05/04/2024

Why Does 10-year US Yield Remain so High?

The 10-year US yield is a key determinant of FX moves It tends to drop when the Fed prepares to cut its interest rates Despite market expectations about the Fed, the 10-year US yield remains high A stock market correction could be a catalyst for a sizeable drop in US yields The 10-year US yield […]
22/06/2024

S&P 500 & Nasdaq 100 Week Ahead: Is It Time for a Deeper Retracement as US Investors Shed Equity Funds…?

Over the past two weeks, US investors have shed nearly $30 billion dollars of US equity funds (net selling) according to data from LSEG. A bullish week for the S&P 500 but the Nasdaq 100 looks less convincing. A pullback in Nvidia stock and the psychological 20000 barrier have halted the Nasdaq’s impressive early week […]