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The Japanese yen has extended its losses against the US dollar for a fourth straight day and is down 1.1% this week. In the European session, USD/JPY is trading at 148.70, up 0.28%. Japanese unions win big, BoJ considering rate hike Japan’s largest trade union announced today that workers at Japan’s largest firms would receive […]

The post USD/JPY Rises, All Eyes on BoJ After Wage Deal appeared first on Action Forex.

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13/06/2024

US Dollar Declines as Fed Signals Potential Rate Cut and Inflation Eases

The EUR/USD pair is holding steady around 1.0805 on Thursday, following a surge in volatility the previous evening. The Federal Reserve concluded its meeting with a neutral stance, maintaining the interest rate at 5.25% per annum as anticipated. The Fed’s comments hinted at a possible interest rate cut by December while projecting more aggressive rate […]
05/01/2024

USDCHF Sustains Weekly Gains Ahead of Jobs Data

USDCHF’s rebound is not convincing yet  A continuation above 20-SMA could boost sentiment US nonfarm payrolls report due at 13:30 GMT USDCHF is set to close the first week of the year within the positive area, having secured a strong foothold around the support-turned-resistance trendline from March 2023 at 0.8400 following the flash drop to an almost […]
26/08/2024

Powell Gives the All-Clear

‘The time has come for policy to adjust, and the direction of the travel is clear’ said Federal Reserve (Fed) Chair Jerome Powell at his Jackson Hole speech on Friday. He didn’t give any guidance regarding the size of the coming rate cut despite speculation of at least one jumbo rate cut before the end […]