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Key insights from the week that was. In Australia, the latest update on Westpac-MI Consumer Sentiment was somewhat discouraging. February’s gain, initially viewed as a tentative sign of a recovery in confidence, has largely reversed over March and April, the headline index declining 1.8% then 2.4% to 82.4 in April, just above the average of […]

The post Cliff Notes: Expectations Tested appeared first on Action Forex.

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14/12/2023

Fed Review: Rising Optimism

The Fed maintained its monetary policy unchanged as widely anticipated. Lower rate and inflation projections together with more dovish wording in the statement and from Powell sparked a post-meeting rally in the markets. The Fed did not attempt to guide the market against the easing in financial conditions. We see this as a strong signal […]
18/01/2024

Bank of Japan Meets But No Fireworks Expected

BoJ to keep interest rates and yield curve control unchanged Friday’s CPI data may show abating inflationary pressures Wage negotiations could decide exit from ultra-loose policy Yen suffers as markets dial back rate hikes BoJ makes baby steps towards policy normalisation Although inflation in Japan has been above the 2% target for more than a year […]
17/04/2024

USD/JPY Analysis: Prospect of a Breakout of the Level of 155 Yen per Dollar

The USD/JPY rate has consistently reached new highs since 1990, approaching the psychological level of 155 yen per US dollar. The Japanese currency has already fallen about 9% against the dollar this year. This is supported by Jerome Powell, who suggested yesterday that US interest rates are likely to remain high for longer. He refused […]