Logo-color Logo-white

USDJPY was sharply down on Wednesday (down 1.3% during the European / early US session), with markets suspecting another intervention, after Japan’s authorities intervened in the market and pushed yen away from the lowest levels in nearly four decades.. Although comments from top officials were not clearly pointing to intervention, the size and the pace […]

The post USD/JPY Outlook: Sharply Down, Markets Suspect Intervention appeared first on Action Forex.

previous

EUR/CHF Technical: Euro Underperformance Over Swiss Franc May Have Resumed

next

Crude Oil Targets Fresh Gains: Key Factors to Watch

Read More

17/04/2024

Market Continues to Price in a Plethora of Rate Cuts for 2024

Market is still in monetary easing mode despite fewer rate cuts priced in across the board Divergent cut expectations for the Fed and the ECB, reflecting economic conditions The ECB and the BoC are seen cutting in July; the RBA might not cut rates this year BoJ is seen hiking again during 2024 The market […]
17/07/2024

RBNZ to Deliver Some Pre-Xmas Cheer in November

Today’s CPI showed some welcome reduction in headline inflation. Services sector inflation is easing only gradually. Recent activity data has suggested recessionary conditions for a few months now. The RBNZ indicated an openness to tempering the restrictiveness of conditions in July – today’s data gives them room to act on that strategy. We now see […]
28/03/2024

GER 40 Index Marks Highs After Highs

German 40 index hits all-time high Uptrend shows ongoing strength, but a pause is likely The German 40 index has been having an exceptional performance so far in 2024, gaining more than 10% to unlock an all-time high of 18,510 on Wednesday. The ongoing positive trend has yet to show any cracks, but with the price marking […]