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Japan’s Core CPI eases to 2.3% The Japanese yen has recovered after losing ground earlier in the day. USD/JPY rose as high as 148.80, its highest level in three weeks. The yen has rebounded and is trading in Europe at 148.10, down 0.03%. It has been a rough week for the yen which has fallen […]

The post Yen Under Pressure, Core CPI Eases appeared first on Action Forex.

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22/07/2024

BoC to Cut Rates Again, What’s Next?

Bank of Canada to slash rates by 25bps for the second time in a row More easing expected, but policymakers might signal a data-dependent approach USDCAD tests key resistance of 1.3740; key support at 1.3620 Investors are confident that the Bank of Canada (BoC) will cut interest rates by a quarter percentage point for the […]
04/09/2024

Canadian Dollar Steady Ahead of BoC Decision

The Canadian dollar is showing limited movement on Wednesday. In the European session, USD/CAD is trading at 1.3555 at the time of writing, down 0.08%. BoC expected to cut for third consecutive time All eyes are on the Bank of Canada, which will announce its rate decision later today. The BoC is expected to lower […]
19/09/2024

Crypto Market Climbs Out of the Pit

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