Logo-color Logo-white

According to Reuters, it was announced on Friday that Shigeru Ishiba, known for his tough stance on interest rates, will become Japan’s next Prime Minister. This news caused a sharp intraday reversal in the USD/JPY exchange rate on Friday: while the price initially rose in the morning (as shown by the arrow), it was followed […]

The post USD/JPY Analysis: The Yen Strengthens by Over 2.8% in One Day appeared first on Action Forex.

previous

An Eventful Week Ahead

next

Hang Seng Index: Start of a Potential New Medium-Term Bullish Trend

Read More

14/10/2024

Sunset Market Commentary

Markets Chinese stock markets eventually closed 2% to 3% higher, giving the benefit of the doubt to further steps to support the property sector and hints at greater borrowing announced by Finance Minister Lan Fo’an on Saturday. Beijing didn’t disclose a headline figure, but measures got the thumbs up for now. The Chinese yuan failed […]
12/08/2024

News of the Week (August 12— August 16): NZDUSD Market Review

Focus on NZDUSD! Exciting trading possibilities are just around the corner. The NZDUSD pair is usually called the “Kiwi,”. It denotes the exchange rate between the New Zealand dollar and the US dollar. It is usually regarded as one significant indicator of the economic activities between New Zealand and the United States. Commodity prices, tourism, […]
20/01/2024

Canada: November Retail Sales Surprise to the Downside, But Expect a Rebound in December

Retail sales declined by 0.2% month-on-month (m/m) in November, coming in weaker than Statistics Canada’s advance estimate for a flat reading. October’s print was revised slightly to +0.5% m/m from +0.7% m/m. Adjusted for inflation, the volume of retail sales reported a loss of 0.2% in November, reversing course from last month’s robust 1.0% m/m […]