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USDJPY continues to trend lower as dollar was deflated by growing bets for Fed’s rate cut in coming months, while yen rallies on strong signals that the Bank of Japan could start raising interest rates this month, with scenario being boosted by solid Q4 GDP data, which show that economy remains resilient and likely avoided […]

The post USD/JPY: Descends Further on Diverging Fed/BOJ Policy Outlook appeared first on Action Forex.

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18/04/2024

US, Japan Express Concern Over Japanese Yen

The Japanese yen is almost unchanged on Thursday. In the North American session, USD/JPY is trading at 154.44, up 0.03%. It’s a light data calendar today. US unemployment claims were unchanged at 212,000 and the Philly Fed Manufacturing index surged to 15.5 in April, up from 3.5 in March and crushing the market estimate of […]
20/06/2024

SNB Cut Sends Swiss Franc Tumbling

The Swiss franc is down sharply on Thursday. USD/CHF is trading at 0.8897 in the European session, up 0.67% on the day. Swiss National Bank trims rate to 1.25% The Swiss National Bank kept investors hanging right up to the last minute as to whether or not it would cut rates at Thursday’s meeting. In […]
28/05/2024

EURAUD Wave Analysis

EURAUD reversed from resistance level 1.6365 Likely to fall to support level 1.6210 EURAUD currency pair previously reversed down from the key resistance level 1.6365, former support from April and January. The resistance level 1.6365 was strengthened by the upper daily Bollinger Band and by the 38.2% Fibonacci correction of the previous downward impulse 1 […]