Logo-color Logo-white

JPY weakness failed to materialize after Japan’s Q4 GDP came in way below expectations. Fear of looming BoJ’s intervention to put a halt to recent JPY weakness after MoF’s vice finance minister Masato Kanda’s warnings yesterday on the recent rapid moves in the FX markets ex-post hotter than expected US CPI data release. Short-term upside […]

The post USD/JPY: Lingering Below 151.40/95 Major Resistance Zone appeared first on Action Forex.

previous

EURGBP Reaches Lower Limit of Range

next

U.S. Retail Sales Opens 2024 on a Subdue Note

Read More

26/04/2024

Australian Dollar Extends Gains as PPI Surges

The Australian dollar has posted four straight winning sessions this week and is in positive territory on Friday. In the European session, AUD/USD is trading at 0.6534, up 0.24%. The Aussie has powered higher this week, climbing 1.82%. Australia’s PPI blows past estimate Australia’s Producer Prices index jumped 4.3% y/y in the first quarter, up […]
12/12/2023

Is UK Labour Market Cool Enough for BoE?

The UK labour market is cooling, showing an increase in claims from claimants. In addition, wage growth is slowing. The data provided further evidence that the UK economy has moved into a new phase of the economic cycle, although the inflation genie remains at large. In November, the number of people receiving benefits rose by […]
30/08/2024

USDCAD Rises From Almost 6-Month Low

USDCAD changes the outlook to bearish after the fall below 1.3600 Stochastic ticks up but RSI still holds near 30 zone USDCAD is recouping some losses after the strong selling interest that started from the penetration of the 1.3600 round number and the 200-day simple moving average (SMA). The pair found support near the 1.3440 […]