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Japan FinMin Suzuki: Will Deal With Forex Appropriately But Declines To Say Whether Forex Moves Are Excessive USDJPY breaks higher as inflation came at 1.8% down from 2.5% expectations, and 2.6% prev reading. Thats very interesting reading. Who would think of this data considering how expensive are commodities for them, including oil, with recent drop […]

The post USD/JPY Remains Bullish After BoJ Stays on Hold appeared first on Action Forex.

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27/06/2024

US Dollar on Edge: How PCE Data Could Shake Uup the Markets

What is the US PCE data and why is it important? Uncertainty regarding the Federal Reserve and US Dollar remains high due to conflicting US data and global inflation concerns. The upcoming PCE data release is highly anticipated as it may influence the Fed’s stance on rate cuts. The US Dollar Index (DXY) is rangebound […]
22/12/2023

Canada’s Economy Flatlined Again in October, Likely Advanced in November

The Canadian economy registered a third consecutive month of effectively no growth on a month-on-month (m/m) basis in October. This print comes in below Statistics Canada’s advanced guidance and market expectations for a 0.2% m/m gain. The flash estimate for November points to a modest gain of 0.1% m/m. October’s reading was mixed, with output […]
19/03/2024

BOJ Policy Rate – USDJPY Technical Analysis

BOJ Policy Rate The Bank of Japan is scheduled to announce its Policy Rate, Monetary Policy Statement, and BOJ Press Conference. Japan has held its interest rates at record-low levels for almost 17 years. The current interest rate is—0.10%, and according to Bloomberg analysts’ surveys, the BOJ is expected to maintain this level for the […]