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BoE’s determination could be tested if this week’s CPI prints surprise on the upside Pound could benefit from a strong set of data this week Employment data will be released on Tuesday; the inflation report on Wednesday Inflation in the spotlight At the last Bank of England meeting, which is still relatively fresh in the […]

The post UK Inflation Report Could Shift Market’s Focus Away from Geopolitics appeared first on Action Forex.

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05/01/2024

USD/JPY Regains Strength Ahead of US NFP Report

Key Highlights USD/JPY started a recovery wave above the 142.00 resistance. It broke a major bearish trend line with resistance at 142.60 on the 4-hour chart. Bitcoin price recovered losses, but it might struggle above $43,800. The US nonfarm payrolls could change by 170K in Dec 2023, down from 199K. USD/JPY Technical Analysis The US […]
05/09/2024

USD/JPY: Falls to One Month Low as Sentiment Sours Further Ahead

USDJPY continues to trend lower and hit new one-month low on Thursday, pressured by expectations of Fed rate cut, diverging policies of Fed and BoJ (US central bank is heading towards its first rate cut, while BoJ started its tightening cycle and with hawkish signals from top officials). In addition, weak US labor data (today’s […]
24/06/2024

Yen Steadies After Dreadful Week

The Japanese yen has posted gains on Monday. In the European session, USD/JPY is trading at 159.26, down 0.10%. The yen hasn’t had a winning daily session since June 19th and declined 1.5% last week. On the data front, Japan releases the Services Producer Price Index. There are no economic releases in the US but […]