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On Thursday, 11 July, the USD/JPY exchange rate was above 161, and today it is below 153. According to Reuters, this could be attributed to effective intervention by the Bank of Japan. While intervention was anticipated when the yen weakened to extreme levels not seen since 1983, Tokyo authorities were cryptic in their comments, maintaining […]

The post Analysis of USD/JPY: Yen Strengthens by 5.5% Against US Dollar in 2 Weeks appeared first on Action Forex.

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11/07/2024

GBP/USD Hits 4-month High on Strong GDP

The British pound has extended its gains on Thursday. GBP/USD is trading at 1.2876 in the European session, up 0.22% on the day. UK GDP beats expectations The sun is shining in London today and there’s plenty to smile about besides the pleasant weather. England has punched their ticket to the final of the Euro […]
19/07/2024

ECB Meeting Non-Event from Market Point of View

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07/06/2024

USD/CHF: At a Multi-Week Low and Cracking Key Supports ahead US Jobs Data

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