Logo-color Logo-white

USDJPY edged lower in late Asian / early European trading on Tuesday, following release of Tokyo CPI data which showed inflation jumping in February (2.5% from 1.8% previous month) and adding to expectations that the Bank of Japan may start to tighten its monetary policy soon. The pair steadies above broken psychological 150 barrier for […]

The post USD/JPY: Bullish Bias Above 150, Key US Data Eyed for Fresh Signals appeared first on Action Forex.

previous

US Dollar Index Stuck Between 100 and 200-DMA Before Powell’s Speech

next

Gold: Not Yet Overheated

Read More

18/04/2024

EUR/USD: Holds Grip But Recovery Still Requires Confirmation

The Euro remains constructive and ticks higher in early Thursday after Wednesday’s 0.5% bounce from new multi-month low, but initial reversal signal still needs more evidence to be validated, as daily studies are predominantly bearish. Another strong bullish daily close is needed to keep in play hopes of stronger recovery, with close above pivots at […]
15/03/2024

BoJ Hike in Sight – But No Reason to Rush

The inflation target has been met for 22 consecutive months. Price pressures consistently rhymes with 2% annual inflation but the sustainability of that depends on wage increases. We think the BoJ is almost ready to hike the interest rate to zero and dismantle yield curve control. However, we see no reason to rush and expect […]
17/09/2024

Sunset Market Commentary

Markets A range of ECB speeches in the wake of last week’s policy decision confirmed the different approach of Frankfurt – in all likelihood – is taking compared to the Fed. Kazaks (Latvia) and Holzmann (Austria) did so last week. Kazimir (Slovakia) today said that the next move (down) “must almost surely wait until December”. […]