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Key Highlights USD/JPY declined heavily and even traded below 150.00. A connecting bearish trend line is forming with resistance at 151.80 on the 4-hour chart. EUR/USD could extend losses below the 1.0820 level. Gold gained pace and climbed above the $2,450 level. USD/JPY Technical Analysis The US Dollar started a fresh decline from well above […]

The post USD/JPY Dips Below 150.00 as Bears Take Over appeared first on Action Forex.

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21/06/2024

USD/JPY on the Rise: Surges To Aim For New Highs

Key Highlights USD/JPY gained pace and cleared the 158.20 resistance. A major bullish trend line is forming with support at 158.20 on the 4-hour chart. EUR/USD is struggling to clear the 1.0765 resistance zone. The US Manufacturing PMI could decline from 51.3 to 51.0 in July 2024 (Preliminary). USD/JPY Technical Analysis The US Dollar remained […]
03/08/2024

Weekly Economic and Financial Commentary: The Downside Risks to the Employment Mandate Are Real Now

Summary United States: “The Downside Risks to the Employment Mandate Are Real Now” We have just concluded what will become a historic week. The July employment report brought with it a crossing of the Sahm Rule threshold. That means we’re either headed for recession, or about to break yet another recession rule this unique cycle. […]
02/08/2024

USD/JPY – Surging Yen Improves to 15-week High

The Japanese yen continues to rally. USD/JPY is trading at 148.86 in the European session, down 0.31% on the day at the time of writing. On Thursday, the yen strengthened as much as 148.50, its best showing since May 11. Yen continues to pummel US dollar Only three weeks ago, the yen looked dead in […]