Logo-color Logo-white

In August, the Japanese yen became one of the most popular instruments in the forex market. Following an unexpected rate hike by the Bank of Japan and weak labour market data from the US, the USD/JPY pair dropped by more than 1000 pips, settling below the psychological level of 150.00. The divergent monetary policies of […]

The post Yen in Correction: Factors for Potential Growth appeared first on Action Forex.

previous

Elliott Wave Intraday Analysis on Silver (XAGUSD) Looking to Find Buyers

next

EUR/USD Outlook: Looks for Clearer Direction Signal

Read More

22/03/2024

AUD/USD and NZD/USD Signal More Losses

AUD/USD declined below the 0.6575 and 0.6550 support levels. NZD/USD is also moving lower and might trade below the 0.6000 zone. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar started a fresh decline from well above the 0.6600 level against the US Dollar. There was a break below a connecting bullish trend […]
09/05/2024

April CPI Preview: The Clock Is Ticking for a September Cut

Summary A string of uncomfortably-hot inflation readings in the first quarter leaves a narrow window for inflation to downshift before a late summer rate cut by the Federal Open Market Committee (FOMC) is no longer on the table. We expect the April CPI report to demonstrate that while inflation is not as sticky as the […]
13/09/2024

USD/JPY Struggles To Rebound: What’s Holding It Back?

Key Highlights USD/JPY extended losses and tested the 140.70 level. A connecting bearish trend line is forming with resistance at 143.10 on the 4-hour chart. Gold surged above the $2,530 and $2,550 resistance levels. Oil might aim for a recovery wave toward the $70.00 level. USD/JPY Technical Analysis The US Dollar remained in a bearish […]