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USD/JPY has been struggling to break past the resistance level at 149.55 despite repeated attempts over the past five trading sessions. The Japanese yen remains under pressure as the Federal Reserve signals a more moderate approach to interest rate cuts in its upcoming meetings, contrasting with the broader expectations of more aggressive rate reductions. Further […]

The post USD/JPY Faces Resistance Amid Geopolitical and Economic Uncertainties appeared first on Action Forex.

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19/08/2024

USD Extends Losses, Yen Gains

The week starts on a mixed note in Asia, after major US indices recorded their best week since last October and boosted appetite in global risk markets. A softer-than-expected CPI read in the US combined with robust retail sales and weekly jobless claims data boosted the expectation that the Fed could eventually achieve a soft […]
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Forex and Cryptocurrency Forecast

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