Logo-color Logo-white

USDJPY remains within a two-week range and consolidating just under multi-year peaks at 151.90/152.00 zone (tops of Oct 2022 / Nov 2023 / March 2024). Extended sideways mode (the pair is on track to end the second consecutive week in a tight Doji candle) reflects strong indecision, as the dollar remains supported by a wide […]

The post USD/JPY: Trades Within Extended Narrow Range Ahead of Key US Labor Data appeared first on Action Forex.

previous

GBPJPY Trades Lower Ahead of Key Market Events

next

US: Payrolls Surprise to the Upside (Again), Unemployment Rate Ticks Down to 3.8% 

Read More

02/04/2024

Fed Unlikely to Lower Policy Rate Ahead of September

Markets It was all about the March US manufacturing ISM yesterday. The ISM unexpectedly returned above the boom/bust-mark (50) for the first time since September 2022! The increase from 47.8 to 50.3 (vs 48.3 expected) came on account of higher production (54.6 from 48.4), rising new orders (51.4 from 49.2), a smaller contraction in inventories […]
09/06/2024

Forex and Cryptocurrency Forecast

EUR/USD: Who Controls the Financial Market It is clear that interest rates rule the markets, not only in terms of actual changes but also regarding expectations about the timing and magnitude of future changes. From spring 2022 to mid-2023, the focus was on raising rates; now, the expectation has shifted towards their reduction. Traders are […]
28/12/2023

GBP/JPY Price Analysis: Pound Breaks Trendline Support and Tests 180.00 Area

The Sterling breaks trendline support to test the 180.00 level. The Pound looks vulnerable against a stronger Yen. Below 180.00 the target will be October and November lows at the 178.10/30 area. The Sterling has broken below the bottom of the last three weeks’ triangle pattern, at 181.80, weigher by broad-based Yen strength, and is […]