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Key Highlights USD/JPY rallied above the 148.80 and 150.00 resistance levels. A connecting bullish trend line is forming with support at 150.50 on the 4-hour chart. Crude oil prices corrected gains and traded below $81.50. Bitcoin attempted a fresh increase above the $65,000 resistance zone. USD/JPY Technical Analysis The US Dollar started a major increase […]

The post USD/JPY Could Extend Rally As Dips Turn Attractive appeared first on Action Forex.

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12/01/2024

Australian Dollar Edges Up as China CPI Slips

China’s CPI declines by 0.3% Fed’s Mester pushes back against March rate cut expectations The Australian dollar has edged higher on Friday. In the European session, AUD/USD is trading at 0.6693, up 0.09%. Policy makers at Australia’s central bank are keeping a close eye on this week’s inflation data out of Australia and China. Australia’s […]
16/09/2024

A New Local Peak in Crypto?

Market Picture The crypto market started the weekend on a positive note but has been unable to sustain gains in recent days, losing 2.8% in the last 24 hours to reach a capitalisation of $2.04 trillion. This retreat from the $2.12 trillion area looks like a new lower local high, continuing the March series, with […]
11/04/2024

USD/JPY Rises to Highest Since 1990

This morning the USD/JPY rate is around 153.20 yen per US dollar, which was facilitated by a sharp strengthening of the dollar against the backdrop of news about inflation in the United States. Thus, the yen weakened to levels last seen in mid-1990. At the same time, an important event occurred — a bullish breakdown […]