Logo-color Logo-white

BoJ to make rate announcement on Tuesday Fed’s Williams says no rate cuts planned The Japanese yen is lower at the start of the week. In the European session, USD/JPY is trading at 142.77, up 0.44%. The yen continues to power higher and surged 1.9% last week. It marked a fifth straight winning week for […]

The post USD/JPY – Yen Climbs to 4.5 Month High, BoJ Next appeared first on Action Forex.

previous

NIKKEI (NKD_F) Forecasting The Rally After 3 Waves Pull Back

next

Bitcoin and Ether Set to Deepen Correction

Read More

18/04/2024

AUDJPY Pulls Back But Stays in Uptrend

AUDJPY prints higher highs and higher lows above uptrend line MACD and RSI detect positive momentum A break above 100.80 will confirm a higher high For the outlook to change, a break below 95.80 may be needed AUDJPY pulled back lately, after it hit resistance at around 100.80 on April 9. However, the pair remains above […]
09/05/2024

USDJPY Advances After Bouncing Off 50-day SMA

USDJPY in a recovery mode after pull back comes to a halt Momentum indicators suggest intensifying positive momentum USDJPY experienced a strong pullback from its 34-year high of 160.20 following the intervention by Japanese authorities a week ago. However, the pair managed to find its feet at the 50-day simple moving average (SMA) and recoup a […]
26/07/2024

Rotation Continues, But Europe Doesn’t Benefit

We went from ‘the Federal Reserve (Fed) could hardly cut in September’ to ‘it would be a mistake not to cut in July or September’ (source: Mohammad El Erian’s Linkedin feed) in a blink of an eye. Everything seems upside down since last week. The Big Tech stocks that have been rallying relentlessly since the […]