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Bank of Japan to make announcement on Tuesday The Japanese yen is in a holding pattern on Monday as the Bank of Japan holds a two-day meeting today and Tuesday. In the European session, EUR/USD is trading at 148.05, down 0.08%. The yen has been on a rollercoaster in recent weeks. In December, the yen […]

The post USD/JPY Flat Ahead of BoJ Announcement appeared first on Action Forex.

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14/06/2024

EUR/GBP: At New Multi-Month Low But Bears May Pause on Oversold Conditions

EURGBP hits new multi-month low (the lowest since early Aug 2022) on Friday and is on track for the biggest weekly loss since the first week of January, after starting to trade this week with gap lower, weighed by growing political uncertainty in France. Bears cracked psychological 0.8400 support and eye target at 0.8339 (2 […]
18/01/2024

British Pound Gains Ground as UK Inflation Rises

UK inflation rises unexpectedly GBP/USD climbs higher The British pound has edged higher after UK inflation rose unexpectedly in December. In the European session, GBP/USD is trading at 1.2694, up 0.47%. UK inflation rises to 3.9% UK inflation has a tendency to surprise the markets and that happened again on Wednesday as December CPI ticked […]
22/01/2024

BoJ Poised to Offer Guidance on the Removal of Short-Term Negative Rates May Spark JPY Strength

10-year JGB implied volatility has tapered downwards since the implementation of flexible YCC in October 2023, lowering the odds of disorderly movements in the JGB Elevated demand-pull inflation (excluding fresh food & energy) in Japan may prompt BoJ to upgrade its inflation (excluding fresh food & energy) forecasts for FY 2024 & FY 2025. Technical […]