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The Japanese yen is in negative territory on Tuesday. In the North American session, USD/JPY is trading at 154.44 up 0.46% on the day. No clarity from BoJ summary of opinions The Bank of Japan summary of opinions indicated a lack of clear direction regarding the timing of a rate hike. This will leave traders […]

The post Bank of Japan Undecided on Rate Hike, Yen Lower appeared first on Action Forex.

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22/07/2024

EUR/USD Outlook: Correction So Far Limited But Risk of Deeper Pullback Still Exists

EURUSD edges higher in European trading on Monday as bears are taking a breather after a two-day pullback from a multi-week high (1.0948). Rising 10DMA and Fibo 23.6% of 1.0666/1.0948 (1.0881) contained dips for now, signaling a scenario of shallow correction before larger bulls regain control. Talks about possible start of easing monetary policy as […]
15/05/2024

Matured Altcoins Losing Strength

Market Picture Neither the meme mania in equities, the overall positivity in stock indices, nor the weakening dollar seems to be helping cryptocurrencies right now. Crypto market capitalisation is down 0.1% and has been moving around the current $2.29 trillion level for the past seven days. Bitcoin is trading near $61.9K, forming a sequence of […]
10/04/2024

EURCHF Eases Slightly after 1-Year Peak

EURCHF still stands above rising trend line Technical oscillators indicate negative correction EURCHF has been in an ascending tendency since the end of January, and it posted a fresh almost one-year high of 0.9847 in the preceding week. Currently, the market is on the backfoot with the technical oscillators indicating a bearish retracement. The RSI is moving […]