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Japanese yen’s slide continues Markets walk back expectations of a change at BoJ December meeting US nonfarm payrolls rise to 199,000, better than expected The Japanese yen has started the week where it left off on Friday, posting sharp losses. In the European session, USD/JPY is trading at 146.16, up 0.83%. BoJ December mania wanes […]

The post Japanese Yen Correction Continues appeared first on Action Forex.

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12/06/2024

Sunset Market Commentary

Markets US May CPI numbers served as an appetizer going into tonight’s FOMC meeting. Both headline (flat) and core (+0.2% m/m) inflation missed expectations for a 0.1% and 0.3% rise respectively. That resulted in slower y/y readings of 3.3% and 3.4% with the latter the lowest since April 2021. Airline fares (-3.6%), transportation (-1.1%) and […]
10/05/2024

GBP/USD Analysis: Pound Recovers After the Bank of England Decision

Yesterday, the Bank of England published its interest rate decision. According to ForexFactory, the votes were distributed as follows: → rate hike – 0 votes, cut – 2 votes, unchanged – 7 (0 – 2 – 7); → forecast: 0 – 0 – 9; → previous values: 0 – 1 – 8. For the first […]
13/08/2024

AUD/NZD: A Dovish RBNZ May Maintain Aussie Outperformance Over Kiwi

New Zealand’s core inflation trend has decelerated at a faster pace than Australia. RBNZ may use tomorrow’s monetary policy meeting to offer dovish guidance and bring forward its projected first interest rate cut in H1 2025. A dovish hold by RBNZ may reinforce the continuation of the AUD/NZD medium-term bullish trend with key support at […]