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The USD/JPY pair reached a high of 151.07 on Tuesday, marking its highest level in a week. This movement is largely attributed to ongoing uncertainty regarding the timing of the next interest rate hike by the Bank of Japan (BoJ). The market remains split on whether the BoJ will implement a rate increase in December […]

The post Japanese Yen Weakens as USD/JPY Climbs Amid BoJ Rate Hike Uncertainty appeared first on Action Forex.

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29/05/2024

GBP/USD: Possible Price Adjustment Before Final Break Through 1.2800 zone

Cable firmed in early Wednesday’s trading after hitting nine-week high on Tuesday (1.2800), but subsequently pulling back on unexpectedly strong rise in US consumer confidence in May, which temporarily inflated dollar. Broken Fibo barrier at 1.2753 (76.4% of 1.2893/1.2299) reverted to solid support (reinforced by 5DMA, which so far holds dips, however risk of deeper […]
24/01/2024

Bitcoin – Extends Losses to More Than 20% After Spot ETF Approvals

Bitcoin falls below $40,000 Is the bitcoin halving priced in? 50 Fib the next test Bitcoin is trading around 2% lower on Tuesday, adding to losses at the start of the week and taking the price below $40,000. The move takes the decline since peaking shortly after the SEC approved spot bitcoin ETFs to more […]
08/11/2024

AUD/USD: “Trump Trade” Overshadowed Cautiously Hawkish RBA, At Risk of Further Downside

US President-elect Trump’s proposed policies may trigger a further upside movement on longer-term US Treasury yields. A break above the 4.49% on the US Treasury yield may see a further potential rally towards 5.20%. A further reduction of the 2-year and 10-year yield spread between the Australian government sovereign bonds and US Treasuries may put further downside […]