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The USD/JPY pair experienced a significant drop to 159.06, driven by sharp declines following the release of unexpectedly low US inflation figures and potential interventions from Japanese authorities. On Thursday, the pair plunged nearly 3%, prompted by US inflation data and rumours of Tokyo’s intervention to bolster the yen, which is nearing 38-year lows. Masato […]

The post Japanese Yen Surges: Potential Intervention Amid Inflation Shocks appeared first on Action Forex.

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11/07/2024

GBP/USD: Stronger than Expected UK GDP Numbers Lift Cable to Four-Month High

Cable hit new four-month high in European trading on Thursday, lifted by better than expected UK May GDP numbers, which poured cold water on expectations for BoE rate cut next month. Fresh strength broke through pivotal barriers at 1.2846/60 (200WMA/former top June 12) and pressuring key barrier at 1.2893 (2024 high, posted on March 8). […]
28/06/2024

Gold Wave Analysis

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08/03/2024

EURJPY Has One More Chance Before Bears Take the Lead

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