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USDJPY continues to trend lower and hit new one-month low on Thursday, pressured by expectations of Fed rate cut, diverging policies of Fed and BoJ (US central bank is heading towards its first rate cut, while BoJ started its tightening cycle and with hawkish signals from top officials). In addition, weak US labor data (today’s […]

The post USD/JPY: Falls to One Month Low as Sentiment Sours Further Ahead appeared first on Action Forex.

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19/09/2024

FOMC’s Normalisation Cycle Begins

50bps delivered and another 50bps seen by year end by the FOMC. At the September meeting, the FOMC decided to cut by 50bps to begin their policy normalisation cycle. The Committee projects another 50bps of cuts to end-2024 (over two meetings), another 100bps of cuts in 2025, then a final 50bps in 2026, leaving the […]
11/09/2024

Brent Slips Below $70pb – Focus on US CPI

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08/02/2024

US 30 Index Flirts With All-Time High

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