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Key Highlights USD/JPY extended losses and tested the 140.70 level. A connecting bearish trend line is forming with resistance at 143.10 on the 4-hour chart. Gold surged above the $2,530 and $2,550 resistance levels. Oil might aim for a recovery wave toward the $70.00 level. USD/JPY Technical Analysis The US Dollar remained in a bearish […]

The post USD/JPY Struggles To Rebound: What’s Holding It Back? appeared first on Action Forex.

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15/07/2024

Japanese Yen Surges Amidst Potential Interventions

The Japanese yen showed significant strength against the US dollar late last week, with the USD/JPY pair currently stabilizing around 157.86. This marks the lowest level for the currency pair in nearly a month. The yen’s recent surge is attributed to widespread market speculation regarding potential interventions by Japanese authorities. Analysts believe that Japan may […]
11/07/2024

US: Inflationary Pressures Cool Faster than Expected in June, Bolstering Case for September Rate Cut

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17/05/2024

Calm Before Storm for WTI Oil Futures?

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