Logo-color Logo-white

As shown by today’s GBP/JPY chart, the exchange rate has not only surpassed the psychological level of 200 yen per pound but has also exceeded the peak of 29 April 2024. The market is now experiencing prices last seen in 2008. The main driver of the pound’s strength against the yen is the difference in […]

The post GBP/JPY at Highest Level in Over 15 Years appeared first on Action Forex.

previous

WTI Oil: On Track for a Potential Recovery After 2-month of 12% Decline

next

Australia’s Inflation Ticking Up Despite Weak Retail Sales

Read More

30/05/2024

Mood Darkens as Investors Focus on Economic Data

Market mood further darkened yesterday following another round of weak Treasury sales in the US. The 7-year note failed to attract enough demand on Wednesday. The 2 and 5-year auctions also saw weak demand earlier this week. The US treasuries remained under pressure. The 2-year yield – which best captures the Federal Reserve (Fed) rate […]
28/06/2024

When Stars Collide

This week’s inflation data was in line with Westpac’s expectations. But what matters is whether the RBA was surprised. We do not think it was, and note that despite personnel changes, the RBA’s analysis and strategy have not changed. This week’s inflation data were not a surprise to the Westpac Economics team and so did […]
16/08/2024

New Zealand Dollar Stems Slide

The New Zealand dollar has rebounded on Friday after a 1.4% slide over the past two days. NZD/USD is trading at 0.6017, up 0.70% in the European session at the time of writing. Solid US numbers raises risk appetite Exactly two weeks ago, a soft employment report out of the US panicked investors and caused […]