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Japanese yen pushes above 161 The Japanese yen is unchanged on Friday, but has managed to set a new low against the US dollar. The yen is trading at 160.72 in the European session and fell as low as 161.28 earlier, its lowest level since 1986. Tokyo Core CPI accelerates to 2.1% Tokyo core CPI, […]

The post USD/JPY Flat, Tokyo Core CPI Higher Than Expected appeared first on Action Forex.

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19/04/2024

EURJPY Wave Analysis

EURJPY reversed from resistance level 164.00 Likely to fall to support level 163.85 EURJPY currency pair recently reversed down from the pivotal resistance level 164.00, which has been reversing the price from last month. The resistance level 164.00 was strengthened by the nearby upper daily Bollinger Band, as you can see below. Given the strength […]
23/07/2024

Crypto: Tactical Retreat from the Peak

Market picture The cryptocurrency market lost 2% of its capitalisation in 24 hours to $2.41 trillion. However, this is a pullback from a high base. This tug-of-war between bulls and bears points to the importance of the current situation. Bitcoin and Ethereum are losing just over 1% each, while most altcoins are losing significantly more, […]
28/03/2024

USDJPY Wave Analysis

USDJPY reversed from multi-year resistance level 151.357 Likely to fall to support level 146.90 USDJPY currency pair recently reversed up from the powerful multi-year resistance level 151.357 (former monthly high from 2022), standing close to the upper weekly Bollinger Band. The downward reversal from the resistance level 151.357 stopped the previous minor corrective wave 2 […]