Logo-color Logo-white

The selloff in Japanese yen extended yesterday sending the currency to the lowest levels since 1986 against the US dollar and to the lowest levels against the euro. The EURJPY is now flirting with the 172 level, while the USDJPY is consolidating gains above the 160 level. The only thing that prevents the yen from […]

The post Need Morphine appeared first on Action Forex.

previous

USDCHF Wave Analysis

next

Yen Drops to 1986 Low

Read More

24/07/2024

AUD/USD Declines: Market Insights on the Tumble

Key Highlights AUD/USD declined heavily from the 0.6800 resistance zone. It traded below a key bullish trend line with support at 0.6725 on the 4-hour chart. EUR/USD started a downside correction below the 1.0880 level. Oil prices turned red and declined below the $78.50 level. AUD/USD Technical Analysis The Aussie Dollar saw a strong bearish […]
08/12/2023

USD/JPY Technical: Potential Counter-trend Rebound Within Medium-Term Downtrend

Recent bizarre hawkish rhetoric from BoJ top officials ahead of Japan’s 2024 nationwide spring wage negotiations sparked a further rally in JPY. Increasing expectations of a BoJ pivot to scrap its decade-long plus of short-term negative interest rate policy to come as early as this month, 19 December monetary policy meeting. The interest rates swap […]
02/04/2024

Dollar Strengthens Following Positive Manufacturing Data

The EUR/USD pair has dipped to its lowest since 15 February this year following the release of encouraging data regarding the US manufacturing sector’s activity on Monday. This improvement, the first since September 2022, has bolstered the US dollar’s position. The Institute for Supply Management (ISM) reported that the manufacturing business activity index climbed to […]