Logo-color Logo-white

Japanese Yen breached its recent low against the broadly strong Dollar in Asian session today, but the selloff halted just before reaching 152 mark. The momentum of Yen’s decline appears to be cushioned by Japan’s heightened verbal intervention. Finance Minister Shunichi Suzuki issued a stern warning about Yen’s depreciation, warning of “decisive steps” to support […]

The post Verbal Intervention Heighten as Yen Stumbles, Kiwi Falls on Bleak Economic Projections appeared first on Action Forex.

previous

Swiss Franc Declines Persist as DAX Hits New Heights, Aussie Awaits CPI

next

Japan’s Financial Leaders Unite in Defense of the Yen, Sparking Rebound

Read More

Fed Powell and Soft Data Dampen Dollar, While Commodity Boom Propels Aussie
04/04/2024

Fed Powell and Soft Data Dampen Dollar, While Commodity Boom Propels Aussie

Dollar was sold off overnight after weaker than expected ISM Services data, and the weakness persisted following comments from Fed Chair Jerome Powell. Powell downplayed the significance of recent robust labor and inflation figures, suggesting them as fluctuations in “bumpy road” of moderating demand and inflation. This narrative reinforces the market’s anticipation that Fed is […]
Swiss Franc Plummets After SNB Rate Cut, Sterling Weakens Following BoE Hold
20/06/2024

Swiss Franc Plummets After SNB Rate Cut, Sterling Weakens Following BoE Hold

Swiss Franc is currently the worst performer today, plummeting after SNB delivered a rate cut for the second consecutive meeting. In addition to the rate reduction, SNB lowered its inflation forecast across the board. Nevertheless, Franc’s selloff has been relatively restrained. Notably, SNB did not mention the recent sharp appreciation of the Franc in its […]
Calm Before the Speech: Markets Steady Ahead of Powell
23/08/2024

Calm Before the Speech: Markets Steady Ahead of Powell

Trading in the forex markets remains muted as investors hold their positions ahead of Fed Chair Jerome Powell’s highly anticipated speech at Jackson Hole. Market participants are keenly focused on any signals regarding the Fed’s plans for monetary policy easing, beyond the expected rate cut in September. Currently, Fed fund futures indicate a 26.5% probability […]