Logo-color Logo-white

Since the beginning of 2024, the USD/JPY price has been in an uptrend (as shown by the blue channel), but when the rate exceeded the psychological level of 150 yen per US dollar, market sentiment changed. This was due to expectations that the Bank of Japan would take interest rates out of negative territory — […]

The post USD/JPY: Analysts Adjust Forecasts for Strengthening of Yen appeared first on Action Forex.

previous

Greenback’s Performance Has Been Lackluster Recently

next

Silver Bulls Return With a Bang

Read More

14/08/2024

Sunset Market Commentary

Markets July US CPI inflation figures printed very close to consensus. Monthly inflation accelerated both on a headline and on a core level to 0.2% M/M. Details showed food prices rising by 0.2% M/M, energy prices flat, and services (ex. energy) rising by 0.3% M/M. The main disinflationary impact came again from used cars and […]
09/04/2024

U.S. Small Business Optimism Index Edges Lower in March, Falling to the Lowest Level Since 2012

NFIB’s Small Business Optimism Index fell 0.9 points to 88.5 in March, disappointing market expectations for a modest increase to 89.7. This marked the lowest level in the headline index since 2012. Six of the ten subcomponents deteriorated on the month, two improved and two remained unchanged. Leading the decline was an 8-point drop in […]
15/12/2023

WTI Wave Analysis

WTI reversed from support level 68.00 Likely to rise to resistance level 73.35 WTI crude oil recently reversed up from the major long-term support 68.00 (which has been repeatedly reversing the price from March) coinciding with the lower daily Bollinger Band. The upward reversal from the support 68.00 is likely to form the daily candlesticks […]