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The yen was last this strong in mid-March this year. News from central banks contributed to the decline in USD/JPY. Yesterday, the Bank of Japan raised interest rates to levels not seen in the past 15 years. Conversely, the Fed kept rates unchanged as expected but “opened the door” for a possible cut in September, […]

The post USD/JPY Falls Below 150 Yen Per Dollar appeared first on Action Forex.

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29/08/2024

Aussie Rises to 8-Month High, Retail Sales Next

The Australian dollar has posted considerable gains on Thursday. AUD/USD is trading at 0.6816 in the European session, up 0.47% on the day at the time of writing. The US dollar continues to struggle against the major currencies and the Aussie has taken full advantage with an impressive 4.1% gain in August. Australian retail sales […]
13/06/2024

XAU/USD: $2,500 Target Remains in Focus But Consolidation Likely to Precede Fresh Rally

Gold is likely to retest the latest record high and attack psychological $2500 level in coming months, as all key factors that drive the metal’s price remain supportive. Persisting geopolitical tensions and threats of escalation continue to underpin demand, along with growing signals of stronger monetary easing and one of the most significant – gold […]
19/09/2024

GBPJPY Surges Above 188.00 Key Barrier

GBPJPY jumps above 188.00, confirming a higher low A break above 193.50 could brighten the picture A move below 183.70 may turn the outlook back to bearish GBPJPY traded higher on Thursday, clearing the key resistance (now turned into support) barrier of 188.00. The move confirmed the higher high at 183.70, which cancels the bearish […]