Logo-color Logo-white

The USD/JPY pair continues to escalate, currently positioned at 160.88, nearing the 37-year peak of 161.27 achieved last Friday. Early today, the yen temporarily strengthened following Japan’s Q2 Tankan survey results, which indicated a slight improvement in industrial sentiment to 13 points from 11. However, the services sector displayed mixed results, maintaining 27 points against […]

The post Japanese Yen Faces Further Depreciation Amid Rate Differentials appeared first on Action Forex.

previous

EUR/USD Rate Rises After First Round of Voting in France

next

Gold Bulls on Shaky Ground: Key Obstacles Ahead

Read More

06/07/2024

The Week Ahead – Will US Inflation Data Derail Market Optimism?

Soft US economic data, including lower-than-expected job growth, has increased market expectations for a September rate cut. The week ahead features important data releases, including US inflation figures and Chinese inflation data. US Inflation holds the key to a September rate cut. A decline in inflation could see significant changes to rate cut probabilities. Chart […]
26/01/2024

WTI Oil Technical: Approaching a Key Medium-term Resistance, At Risk of Mean Reversion Decline

WTI crude oil has started to evolve into a short-term uptrend phase reinforced by the recent liquidity infusion by China’s central bank, PBoC upcoming 50 bps cut on the RRR. The current 5-day rally of WTI crude oil has reached a key medium-term resistance zone of US$79.00/79.40 with a short-term overbought condition. At the risk […]
05/01/2024

Weekly Focus – Rates Will Be Cut – But How Much and How Soon?

The strong decline in US and European bond yields continued in the second half of December, as market expectations firmed for rapid and large interest rate cuts from central banks in 2024. This followed from dovish signals from the Fed earlier in December and signs that inflation is under control, and despite what seems to […]