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The Japanese yen is drifting on Friday. In the European session, USD/JPY is trading at 147.80, up 0.10%. Tokyo Core CPI falls to 1.6% Tokyo Core CPI reached a significant milestone today, falling to 1.6% y/y in January, after a December reading of 2.1%. This was the first time the indicator dropped below the Bank […]

The post USD/JPY Steady after Tokyo Core CPI Falls Below 2% appeared first on Action Forex.

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04/04/2024

USDJPY Hovers Beneath 152 Ceiling as Bulls Refuse to Give Up

USDJPY remains stuck within 151-152 range Neutral trend looks safe for now But strong support keeps bullish forces alive USDJPY has been gradually inching higher after dropping near the floor of the sideway range at the end of March to briefly touch 151.01. Prices made it all the way to 151.94 on Wednesday before easing […]
13/12/2023

GBP/USD Dips While USD/CAD Could Extend Gains

GBP/USD is moving lower from the 1.2650 resistance. USD/CAD is rising and might aim for more gains above the 1.3620 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a fresh decline below the 1.2615 support zone. There is a key bearish trend line forming with resistance near 1.2565 on the […]
09/08/2024

USD/JPY In An Uphill Battle: Can It Push Higher?

Key Highlights USD/JPY is attempting a fresh increase from the 141.65 support zone. A major bearish trend line is forming with resistance at 150.00 on the 4-hour chart. Oil prices might struggle to climb above the $76.60 resistance. EUR/USD corrected gains but the bulls seem to be active above 1.0850. USD/JPY Technical Analysis The US […]