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BoJ Summary of Opinion highlights split over shift in policy The Japanese yen continues to have a quiet week. In the European session, USD/JPY is trading at 142.54, up 0.12%. The Bank of Japan’s summary of opinions from the December meeting was released earlier today. That meeting was somewhat of a disappointment to the markets, […]

The post USD/JPY Steady, BoJ Releases Summary of Opinions appeared first on Action Forex.

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02/09/2024

Australian Dollar Declines Amid US Dollar’s Strength

The AUD/USD pair dropped significantly to 0.6764 at the start of the week, primarily driven by a strengthening US dollar rather than an inherent weakness in the Australian dollar itself. This shift in the currency pair’s dynamics is primarily attributed to the latest Core PCE inflation data released last Friday, which moderated market expectations regarding […]
30/07/2024

USDJPY Wave Analysis

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Weekly Economic & Financial Commentary: Yen Reaches Its Weakest Level Against the Greenback since 1986

Summary United States: It May Be Hot Outside, but Inflation Is Finally Cooling According to the Federal Reserve’s preferred gauge, core inflation cooled to its softest pace in more than three years in May against a backdrop of measured consumer spending and still-strong personal income. Elsewhere, the effect of higher rates remains evident in uninspiring […]