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The yen has stabilized after massive losses last week. In the North American session, the USD/JPY is trading at 148.03 at the time of writing, up 0.45%. Ishiba’s U-turn sends yen reeling The yen is coming off a spectacularly bad week with a 4.5% decline. This marked the yen’s worst week since 2020, during the […]

The post USD/JPY Soars as Rate Hike Hopes Chilled appeared first on Action Forex.

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25/04/2024

US Q1 GDP Comes in Lower Than Expected, But Details Show a Resilient Economy 

Real GDP expanded by 1.6% quarter-over-quarter (q/q, annualized) in the first quarter of 2024 – below the consensus forecast of 2.5%. Consumer spending expanded by 2.5% – a modest deceleration from last quarter’s 3.3% gain. Service spending (+4.0%) accounted for all of last quarter’s gain, while spending on goods (-0.4%) was flat. Non-residential business investment […]
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 […]
07/06/2024

Week Ahead – Fed and BoJ Decide on Monetary Policy

US CPI data and Fed to determine the dollar’s fate Will the BoJ signal that another rate hike is looming? Pound traders await UK employment and GDP numbers RBA hike bets shrink ahead of AU jobs and China CPI data Mind the dots With US inflation resuming its downtrend in April and the ISM manufacturing […]