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Tokyo’s CPI for November slowed down further due to a recent drop in oil prices. Tokyo’s services prices accelerated to 3% y/y in November, its fastest pace since 1994. Japan’s latest consumer sentiment data for November also improved to its highest level since August 2023. A boost in consumer sentiment coupled with services inflation on […]

The post USD/JPY: Bearish Momentum Remains Intact Despite Softer Tokyo CPI appeared first on Action Forex.

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10/05/2024

GBP/USD Analysis: Pound Recovers After the Bank of England Decision

Yesterday, the Bank of England published its interest rate decision. According to ForexFactory, the votes were distributed as follows: → rate hike – 0 votes, cut – 2 votes, unchanged – 7 (0 – 2 – 7); → forecast: 0 – 0 – 9; → previous values: 0 – 1 – 8. For the first […]
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Nikkei (NKD_F) Elliott Wave View: Reacted from the Blue Box

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