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The USD/JPY chart today shows that the rate has stabilized at 152 yen per US dollar. But can we say that there is calm in the market? Hardly. First, it is important to note that in 2023 there was a sharp reversal of trend around the 152.00 level due to intervention by the Japanese authorities, […]

The post USD/JPY Analysis: Calm Before the Storm? appeared first on Action Forex.

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17/09/2024

EURJPY Seems to Have Found a Floor

EURJPY rebounds off 155.15 Immediate resistance at downtrend line RSI and MACD look negative EURJPY held losses for the second week in a row, dropping towards the 155.15 support, which stands slightly above the more-than-seven-month low. Technically, the price could lose some ground in the short term as the RSI is changing direction to the […]
19/01/2024

Cliff Notes: Labour Market Critical to Households’ Resilience

Key insights from the week that was. The January edition of the Westpac-MI Consumer Sentiment Index showed cost-of-living pressures and concerns over elevated interested rates remain firmly entrenched in the minds of consumers. Highlighting the significance of these factors, at 81.0, the index is currently among the bottom 7% of observations since the inception of […]
21/03/2024

Fed Review: Not as High, But for Even Longer?

The Fed made no changes to its monetary policy in the March meeting, as widely expected. Updated rate projections still signal three rate cuts this year, but 2025, 2026 and longer-term ‘dots’ we revised slightly higher. While Powell did not specify the timing, he suggested that the Fed is soon looking to slow down the […]