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USDJPY fell to six-week low on Friday, in fresh acceleration lower after stronger than expected inflation rise in Tokyo in November, boosted expectations for Bank of Japan’s rate hike in the policy meeting next month. Fresh bears cracked key supports at 150.18/00 (Fibo 38.2% of 139.57/156.74/psychological, reinforced by 55DMA), with weekly close below these level […]

The post USD/JPY Outlook: Cracks Pivotal 150 Support Zone on Growing Expectation for BoJ Rate Hike appeared first on Action Forex.

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Week Ahead – Traders Lock Gaze on NFP after Thanksgiving Holiday

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30/08/2024

Week Ahead – Investors Brace for NFP Amid Fed Rate Cut Speculation

Traders see decent chance for 50bps Fed cut in September Powell adds extra importance to jobs data, NFP awaited BoC decides on rates, third consecutive cut is fully priced in Aussie traders lock gaze on GDP numbers Bets for double Fed cut remain elevated Here comes another NFP week, with investors eagerly awaiting the results […]
04/04/2024

Relatively Calm Bitcoin

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