Logo-color Logo-white

The USD/JPY pair has slightly increased, rising to 145.95 on Wednesday morning. This movement marks a rebound from two-week lows, though it is still early to suggest a significant reversal in the trend due to the ongoing economic climate. Market participants are cautious as they await crucial US employment market data for August, which is […]

The post USD/JPY Sees Modest Rise Amid Anticipation of BoJ Policy Shift appeared first on Action Forex.

previous

All Eyes on JOLTs Labour Market Data

next

Can Gold Prices Surge to New All-Time Highs by Year End?

Read More

26/06/2024

XAU/USD: Gold Stands at the Back Foot on Hawkish Comments from Fed

Gold price dipped to one-week low on Wednesday, deflated by the latest hawkish comments from Fed policymakers. The US central bank expects to bring inflation under control by keeping policy rate unchanged for some time, but also reiterated their willingness to further, if necessary, tighten the policy. The sentiment soured after such comments, though larger […]
04/07/2024

US DJIA: UST Yield Curve Un-inversion May Help the Laggard to Catch Up

Yesterday’s lacklustre US ISM services PMI and ADP employment data for June increases the odds of a further US Treasury yield curve un-inversion. A further un-inversion above -0.08% on the US Treasury yield spread between 10-year & 2-year may trigger a bull steepening scenario. A potential bull steepening in the US Treasury yield curve may […]
07/08/2024

NZ Dollar Surges on Strong Employment Data

The New Zealand dollar has soared today. In the European session, NZD/USD is trading at 0.6018, up an impressive 1.1% at the time of writing. New Zealand job growth surprises on the upside New Zealand’s labour market has been cooling off due to elevated interest rates and the markets were braced for a soft jobs […]