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Yen ended as the best performer last week amidst intensifying discussions around BoC rate hike, spurred by comments from the central bank’s officials. The anticipation of policy tightening propelled Yen forward, although gains were tempered by uncertainties surrounding the timing of the first move, and the path of subsequent rate increases. The claimed the position […]

The post Yen Rises on BoJ Rate Speculation, But Gains Muted appeared first on Action Forex.

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Dollar Softens as Market Anticipates US Inflation Data, Assessing Rate Cut Prospects
11/01/2024

Dollar Softens as Market Anticipates US Inflation Data, Assessing Rate Cut Prospects

Dollar saw notable decline against most major currencies, maintaining its softer tone in the Asian trading session today, with the exception of its performance against Yen. This selloff amidst a backdrop of improving risk sentiment, reflected by the uptick in major US stock indexes. Investors’ attention is now squarely focused on the forthcoming release of […]
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