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The yen’s exchange rate rose to the US dollar on Thursday in response to improving prospects for the Federal Reserve interest rate. The USDJPY pair has declined to 153.88. After the US released up-to-date data on April inflation, the likelihood of a reduction in the cost of borrowing in the country increased markedly. Both the […]

The post JPY Has Sharply Strengthened appeared first on Action Forex.

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21/03/2024

Interesting Divide Between Markets’ and Our Interpretation on Fed

Markets Let’s dive right into yesterday’s Fed meeting. There’s an interesting divide between markets’ and our interpretation. For the former it was nothing but an outright dovish, cuts-are-coming-soon tribute. The three major US stock indices simultaneously closed at record highs. US yields turned south, slipping more than 8 bps at the front. The dollar tanked. […]
07/02/2024

German Factories Orders Get Boost from Major Airplane Orders

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03/01/2024

Dow Futures (YM) Looking to Extend Higher to Complete Impulsive Structure

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