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Tokyo CPI report kicks off a very interesting period for the BoJ Earnings data under the microscope until outcome of wage talks Yen remains under pressure against the US dollar Tokyo CPI released on Tuesday; average earnings data on Thursday The BoJ is looking for an opening to hike rates The market has already started […]

The post Could Tokyo CPI Open the Door to BoJ Policy Normalization? appeared first on Action Forex.

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15/12/2023

ETHUSD Attempts to Erase Recent Pullback

Ethereum posts 19-month peak before retracing lower But the bulls regain control and recoup some losses Momentum indicators point at more gains ahead ETHUSD (Ethereum) has experienced a strong rally since late October, which propelled the price to a fresh 19-month peak of 2,403 on December 9. Although the latest high was followed by a mild […]
12/09/2024

NZD/USD Looking for a Reason to Recover: External Background May Help

NZD/USD is attempting to recover from yesterday’s decline on Thursday and is heading towards 0.6148. The pair came under downward pressure on 29 August, and since then its attempts to stabilise have not brought any tangible result. The ambiguous US inflation release has increased bets that the Federal Reserve will ease monetary policy very cautiously […]
17/01/2024

Any Speculation on Time of BoE Rate Cuts Very Premature

Markets US yields yesterday started a catching up move after the rise in Germany on Monday. Contrary to last week, a poor NY Empire manufacturing survey this time was no pretext to push yields back lower. On the contrary, US yields were propelled higher by comments of Fed’s Waller as he provided a detailed analysis […]