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Consensus is expecting no change to BoJ’s monetary policy, but its policy statement and Governor Ueda’s press conference may signal an imminent shift away from short-term negative interest rates. Mounting pressures from public and private sectors with Economy Minister Shindo attending today’s monetary policy decision meeting as a representative from the Cabinet Office. Technical analysis […]

The post USD/JPY Technical: JPY Strength Remains Intact ahead of BoJ appeared first on Action Forex.

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19/06/2024

USD/CHF – Flat Ahead of SNB Rate Decision

The Swiss franc is almost unchanged on Wednesday. USD/CHF is trading at 0.8838 in the North American session, down 0.04% on the day. Will the Swiss National Bank cut rates again? Switzerland’s central bank will announce its rate decision on Thursday and the markets are on edge. Will the Swiss National Bank lower rates or […]
09/03/2024

Will US CPI Data Come to Dollar’s Rescue?

Weak ISM PMIs and dovish Powell hurt the dollar Investors add to their June rate cut bets US CPI data the next test for the greenback The data is scheduled for Tuesday at 12:30 GMT After Powell’s testimony, investors see June cut a done deal There has been a notable repricing in market expectations with […]
06/03/2024

Market Analysis: EUR/USD Eyes More Gains, USD/CHF Could Rally

EUR/USD started a fresh increase above the 1.0828 resistance. USD/CHF declined and now struggling below the 0.8860 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro rallied after it broke the 1.0828 resistance against the US Dollar. There is a connecting bullish trend line forming with support near 1.0845 on the hourly chart […]