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US nonfarm payrolls rise more than expected to 216,000 Tokyo Core CPI expected to ease to 2.1% The Japanese yen has started the week with slight gains and is trading at 144.39 in the European session, up 0.16%. It was a rough week for the yen, which declined 2.5% against the US dollar, which has […]

The post USD/JPY Edges Lower Ahead of Tokyo Core CPI appeared first on Action Forex.

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AUD/USD: Bears Regaining Traction after Friday’s Pause

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28/05/2024

EUR/USD: Bulls Hold Grip and Eye Key Barriers as Markets Await Release of German CPI Data

The Euro keeps firm tone on fading hopes for ECB rate cut, with markets focusing on tomorrow’s release of German inflation data (annualized CPI expected to rise in May). The bull leg off higher low at 1.0805, where 100DMA contained recent pullback, extends into third straight day and pressuring pivotal barriers at 1.0891/95 (Fibo 76.4% […]
10/01/2024

Australia: Inflation Continues to Moderate in November

While dwelling and rents may still be of concern, the increase in household services prices was less than expected while many household goods are not measured in November, the month for the increasingly significant Black Friday/Cyber Monday sales. The Monthly CPI Indicator rose 4.3% in the year to November, down from 4.9%yr in October and […]
28/12/2023

Japanese Yen Keeps on Rolling

Japanese retail sales climb but industrial production declines Japanese gain rises sharply The Japanese yen has posted sharp gains on Thursday. In the European session, USD/JPY is trading at 140.66, down 0.82%. Japanese retail sales beat forecast Japanese releases were a mixed bag today. Retail sales impressed with a gain of 5.3% y/y in November, […]