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The USD/JPY pair is on the rise again this Wednesday, recovering more than half of its previous losses despite ongoing warnings from Japanese authorities about sharp fluctuations in the yen. Finance Minister Shunichi Suzuki reiterated today that the government is prepared to act against excessive currency volatility. Additionally, Bank of Japan Governor Kazuo Ueda noted […]

The post Japanese Yen Weakens Despite Government Warnings appeared first on Action Forex.

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06/03/2024

EURUSD Holds in Tight Range Within SMAs

EURUSD remains above downtrend line RSI and MACD look weak EURUSD has been developing within a narrow range of the 20- and the 50-day simple moving averages (SMAs) of 1.0805 to 1.0860 respectively. The pair is still standing above the short-term downtrend line and the 200-day SMA, confirming the broader bullish outlook. Technically, the RSI […]
10/05/2024

Cliff Notes: Staying the Course

Key insights from the week that was. Please complete this form before arriving for your appointment In Australia, the RBA Board left the cash rate unchanged at 4.35%. This decision, following an upside surprise on inflation data and stronger-than-expected labour market data but weaker partials for consumption, highlights the Board’s cautious approach amid volatile data. […]
26/04/2024

USD/JPY Volatile After Inflation, BoJ Meeting

The Japanese yen is swinging sharply on Friday. In the European session, USD/JPY is trading at 156.46, up 0.52%. It has been a busy Friday in Japan. Japanese inflation data, which was released just before the end of the Bank of Japan meeting, was much lower than expected. Tokyo Core CPI, which was overshadowed by […]