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The Japanese Government Bond (JGB) market is now anticipating a potential Q2 recovery in the Japanese economy as the 2-year and 10-year JGB yields have rallied to more than a decade high. The 10-year and 20-year yield premiums of US Treasuries over JGBs have shrunk in the past two weeks which in turn supports a […]

The post USD/JPY: Conflicting Factors at Play, Sideways for Now in the Short-Term appeared first on Action Forex.

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02/07/2024

Sunset Market Commentary

Markets Marine Le Pen’s Rassemblement National scored broadly as expected in the first round of French parliamentary elections. They won the ballot with around 33% of the vote, ahead of the left front (28%) and Macron’s alliance (21%). In 485 out of 577 districts, the RN and its allies won outright or made it to […]
19/07/2024

Canadian Dollar Eyes Retail Sales Ahead of Rate Meeting

The Canadian dollar is calm on Friday. In the European session, USD/CAD is trading at 1.3717, up 0.08% on the day at the time of writing. We could see stronger movement in the North American session, with the release of Canadian retail sales. Will retail sales suffer a reversal? Canada’s retail sales is expected to […]
08/08/2024

Gold Outlook: Bounces as Bulls Regain Traction After Recent Fall

Gold regained traction and bounced on Thursday, following a sharp fall in past few days. Fresh strength signals that the situation is stabilizing after a turbulent period and broader bulls are about to re-take control. The yellow metal benefited from growing signals that the Fed will start cutting interest rates as from September, with US […]