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The Japanese yen is drifting on Tuesday. In the European session, USD/JPY is trading at 151.88, up 0.02%. It’s as light data calendar today. Japan’s average cash earnings rose 1.8% y/y in February after a 2% gain in January. This beat the market estimate of 1.4%. Still, the better-than-expected wage growth release didn’t provide a […]

The post Japanese Yen Steady as Intervention Worries Continue appeared first on Action Forex.

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02/05/2024

Powell Did Not Shake Markets

In focus today Today offers a light schedule in terms of tier-1 data releases. Most global markets that were off yesterday due to the International Labour Day are back today. In the US, we will keep an eye out for the preliminary Q1 productivity data. Surprisingly strong productivity growth contributed to the US economy’s stellar […]
04/04/2024

AUD/USD: Strong Recovery Cracks Pivotal Barriers at 0.6600 Zone

AUDUSD rallies for the third straight day, lifted by weaker US dollar and downbeat US services PMI data (released on Wednesday). Bulls cracked pivotal 0.6600 resistance zone (double-Fibo/100DMA/round-figure), trading at these levels for the first time since Mar 21. Improved picture on daily chart (momentum broke into positive territory and MA’s turned to bullish setup) […]
13/06/2024

FTSE 100 Index Wave Analysis

FTSE 100 Index reversed from support level 8140.00 Likely to rise to resistance 8300.00 FTSE 100 Index recently reversed up from the pivotal support level 8140.00 (which also stopped the previous correction A at the end of May). The support level 8140.00 was further strengthened by the lower daily Bollinger Band and by the 50% […]