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A potential uptick in Japan’s core-core CPI led by PPI may increase the odds of a BoJ’s interest rate hike in September. Republican presidential nominee Donald Trump’s betting odds have slipped after US President Biden decided to bow out of the US Presidential Election race. A resurgence of Trumponomics that may be challenged which in […]

The post USD/JPY: Another Potential Relief Rally Leg Looms for JPY appeared first on Action Forex.

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11/01/2024

Is Oil Headed for Another Supply War?

Oil prices remain under pressure despite Middle East crisis Risk of another supply war between US and OPEC is rising Outlook for oil seems negative as supply outpaces demand Oil unable to capitalize on geopolitical tensions Oil prices have taken a beating in recent months, falling by around 23% since late September despite a series […]
16/02/2024

USD/JPY Holds Steady As Crypto Market Rallies

Key Highlights USD/JPY started a downside correction from the 150.80 resistance. A major rising channel is forming with support at 149.25 on the 4-hour chart. Gold price dived below $2,000 before it started a recovery wave. Bitcoin price extended its rally above the $52,200 resistance. USD/JPY Technical Analysis The US Dollar remained in a positive […]
21/12/2023

BTC/USD: News Reports Encourage Bulls to Attack the $44k Level

Optimism associated with the SEC regulator’s approval of applications to launch BTC-ETF is the main driver of Bitcoin price growth. Coindesk reports that representatives from BlackRock, Nasdaq and the Securities and Exchange Commission (SEC) met for the second time in a month to discuss rule changes required for the listing of an exchange-traded BTC-ETF. And […]