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Yen down more than 6% against US dollar this year already Traders less confident Japan will raise rates, as inflation slows For the yen to recover, global economy needs to weaken Yen feels the blues Another year, another meltdown for the Japanese currency. A combination of worsening economic data and some cautious messages by the […]

The post Has Japanese Yen Missed the Recovery Train? appeared first on Action Forex.

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29/08/2024

Sunset Market Commentary

Markets Spanish and German consumer prices rose less than expected in August. Spanish prices were flat in M/M terms with headline CPI falling more than forecast, from 2.9% to 2.4%. German prices even fell by 0.2% M/M to be up 2% Y/Y (from 2.6% vs 2.2% expected). It was the first time since March 2021 […]
21/06/2024

CADJPY Wave Analysis

CADJPY under bullish pressure Likely to rise to resistance 117.00 CADJPY currency pair under the bullish pressure after the price broke above the key resistance level 115.40 (which stopped the previous impulse wave 1 at end of May). The breakout of the resistance level 115.40 accelerated the active impulse waves 3 and (3). Given the […]
22/05/2024

UK Inflation Distanced the Expected Rate Cut

Inflation in the UK exceeded forecasts, making traders and investors cautious about the prospects for policy easing in the coming months. Consumer prices rose by 0.3% m/m vs. 0.2% expected. Annual inflation slowed to 2.3% last month from 3.2% in March. This is the lowest level in two years, comfortably close to the Bank of […]