Logo-color Logo-white

Japanese Yen staged in a notable rebound in European session, triggered by heightened market vigilance towards market interventions. This reaction comes in the wake of a significant meeting between Japan’s Ministry of Finance, Financial Services Agency, and Bank of Japan, marking the first such tripartite gathering since last May. The meeting was called into action […]

The post Japan’s Financial Leaders Unite in Defense of the Yen, Sparking Rebound appeared first on Action Forex.

previous

Verbal Intervention Heighten as Yen Stumbles, Kiwi Falls on Bleak Economic Projections

next

Nikkei Takes Hit from Japan’s Vigorous Yen Verbal Intervention, But Yen’s Gain Lacks Strength

Read More

Market Trepidation Over Chinese Data, Dollar Marches On
17/01/2024

Market Trepidation Over Chinese Data, Dollar Marches On

Prevailing mood of risk aversion was evident in Asian session today. Hong Kong stocks led the region lower, reflecting investors’ dissatisfaction with the latest batch of Chinese economic data. While China’s Q4 GDP growth wasn’t far off from analysts’ expectations, it still fell short for some, contributing to the market’s cautious stance. Additionally, concerns were […]
No Fireworks After Fed Cut, Attention Turns to BoE
19/09/2024

No Fireworks After Fed Cut, Attention Turns to BoE

Market reactions were indecisive after Fed’s much-anticipated rate cut overnight. The initial optimism that sparked a rally in US stocks quickly fizzled out, with major indexes closing in the red, while Treasury yields staged a recovery. The reaction was somewhat anticlimactic but understandable given the unusually high level of uncertainty surrounding this FOMC meeting. In […]
Yen Rises Slightly, Yet Struggles to Gain Strong Momentum
03/06/2024

Yen Rises Slightly, Yet Struggles to Gain Strong Momentum

The forex markets are showing relatively limited movement today, remaining mostly within established ranges. Yen is having a slight uptick, supported by the dips in US and European benchmark treasury yields. But the Japanese currency’ gains are modest and insufficient to reverse recent declines. Meanwhile, Swiss Franc is charting a notable course as the day’s […]