Logo-color Logo-white

EURJPY stabilizes after Japan-driven volatile session Bears wait for action below the 167.20 support area Eurozone’s flash CPI inflation due at 09:00 GMT EURJPY rose rapidly to an almost 40-year high of 171.56 on Monday thanks to a suspected intervention from Japanese authorities. But the spike faded immediately, with the price diving to a low […]

The post EURJPY Seeks Calmness After Roller Coaster Day appeared first on Action Forex.

previous

Euro Area Inflation in the Spotlight

next

USD/JPY Stabilizes After Roller-Coaster Monday

Read More

07/02/2024

What Now for US Dollar After Rate Cut Delay?

US dollar re-energized as strong data, hawkish Fed dent early rate cut bets American economy still churning out new jobs, shows no signs of cracks Will hot economy scupper the Fed’s plan to ease policy this year? From recession fears to overheating risk The US dollar may have ended 2023 on a bearish note as […]
15/03/2024

Week Ahead – Five Central Banks: Who Will Hike, Who Will Not Cut?

Fed meets on Wednesday with focus on new dot plot Will the Bank of Japan finally end negative rates on Tuesday? BoE and RBA to stick with patience, SNB might be in more of a rush to cut Flash PMIs plus inflation data in the UK, Japan and Canada will also be crucial Fed decision: […]
22/04/2024

Sterling Finally Snapped. Speech by BoE Ramsden the Straw that Broke the Camel’s Back.

Markets Sterling finally snapped. A speech by Bank of England Ramsden was the straw that broke the camel’s back. He referred amongst others to the April CPI figure which will likely show the UK converging with the EU. Earlier last week, Bank of England governor Bailey also referred to that number which might even (temporarily) […]