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Japanese Government Bond (JGB) yields on the upmove ex-post BoJ. Positive yield premium shrinkage (JGB over the rest of the world) may put further downside pressure on JPY crosses carry trades. Watch NZD/JPY where RBNZ may reduce its hawkish rhetoric reinforced by NZ Q4’s soft inflation data. Bank of Japan (BoJ) concluded its first monetary […]

The post NZD/JPY: JPY Crosses Under Downside Pressure after BoJ’s Hawkish Guidance appeared first on Action Forex.

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18/12/2023

EUR/USD Tops Again But Can This Key Support Hold?

Key Highlights EUR/USD failed again to clear the 1.1010 resistance. A key bullish trend line is forming with support near 1.0860 on the 4-hour chart. GBP/USD also started a downside correction from the 1.2780 zone. Gold prices are struggling to stay above the $2,000 pivot level. EUR/USD Technical Analysis The Euro gained bullish momentum after […]
17/07/2024

GBPUSD Hits Fresh 1-Year High

GBPUSD jumps to fresh 1-year high after UK CPI surprises slightly higher Technical indicators point to overbought conditions following steep rally UK employment figures next on the agenda due on Thursday 06:00 GMT The UK CPI inflation data on Wednesday gave GBPUSD a slight boost as consumer prices grew by 2.0% instead of the expected […]
03/04/2024

EUR/USD Starts Recovery, USD/CHF Could Extend Gains

EUR/USD is attempting a recovery wave from the 1.0725 zone. USD/CHF climbed higher above 0.9070 and might extend gains in the near term. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro declined toward 1.0725 before it started a recovery wave against the US Dollar. There was a break above a key bearish trend […]