Logo-color Logo-white

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.

previous

Fall in Unemployment Supports Pound, But Concerns Grow

next

S&P 500, Nasdaq 100 – Wall Street Indexes Eye Further Gains as Earnings Filter Through

Read More

06/12/2023

Bitcoin and Ether Reach New Heights. Where is the Stopping Point?

Market picture The crypto market made another leap forward on Tuesday afternoon after spending less than 24 hours in consolidation mode. In the last day, the total crypto cap reached $1.6 trillion, up 3.9% in a day, 11% in a week and 20% in 30 days. The acceleration in recent days is evident, which may […]
10/01/2024

Focus Turns to Scandinavia

In focus today Today is a light day on the international data front, but we get a lot of Nordic data. In Denmark, we get CPI inflation for December 2023. We expect to see that inflation has continued to climb higher to 1.1% y/y, due to base effects from December 2022’s decline in fuel and […]
11/12/2024

Upside Surprise in US CPI Will Strengthen January FOMC Pause

Markets German Bunds outperformed US Treasuries and UK Gilts yesterday as we approach final policy meetings of respective central banks which are set to widen their diverging views. The ECB will on Thursday conduct a third consecutive (and 4th in total) 25 bps rate cut. A possibly slightly lower GDP and CPI outlook is covered […]