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USDJPY was sharply up during the late Asian/European session on Tuesday (up 1.3% so far) in strong acceleration after dovish Bank of Japan deflated yen. The central bank kept its ultra-loose monetary policy unchanged and maintained forward guidance, disappointing those who expected signals about the start of tightening cycle. The pair is in near-term recovery […]

The post USD/JPY: Strong Acceleration After Dovish BoJ Deflated Yen appeared first on Action Forex.

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07/02/2024

Technical Outlook and Reviews

DXY: The DXY chart currently exhibits a bearish overall momentum, indicating a downward trend. The price could potentially make a bearish continuation towards the 1st support. The 1st support level at 103.73 is identified as a pullback support, reinforced by the presence of the 50% and 23.60% Fibonacci Retracement levels, indicating Fibonacci confluence. There is […]
27/07/2024

Weekly Economic & Financial Commentary: Wake Me Up When September Ends

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16/07/2024

GBPNZD Wave Analysis

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