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Today’s focus is on the Bank of Japan’s decision to maintain its current policy stance, which has led to a depreciation of the Japanese Yen. Consequently, the USD/JPY pair is on an upward trajectory, seeking higher resistance levels. Although this trend may extend further, there is an anticipation of a potential downturn in 2024. Ueda’s […]

The post USD/JPY Remains Trapped in a Correction Following BoJ appeared first on Action Forex.

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03/06/2024

Trade of the Week (June 3-7)

Hey guys! For the first week in the month of June, there sure is a lot of market adjustments expected due to the fact that it serves as the start of a new month candle as well. To prep everyone for some quality trading opportunities this week, I will be sharing my views on GBPNZD […]
25/03/2024

Canadian Dollar Dips as Retail Sales Disappoint

The Canadian dollar has extended its losses on Friday. USD/CAD is trading at 1.3569 in the North American session, up 0.29%. Canada’s retail sales slip in January Canada’s retail sales fell 0.3% m/m in January, revised from the earlier estimate of -0.4% and well off the 0.9% gain in December. The decline was driven by […]
02/09/2024

Swiss Franc Eyes Swiss CPI and GDP

The Swiss franc has edged higher on Monday. USD/CHF is currently trading at 0.8514, up 0.16% on the day. With US markets closed for Labor Day, we’re unlikely to see much movement from the US dollar today. Swiss retail sales rebounds Switzerland’s retail sales for July surprised on the upside, with an impressive gain of […]