Logo-color Logo-white

USDJPY is trading sideways as the yen shows some signs of life Market participants are preparing for central bank meetings Momentum indicators are mostly bullish at this stage USDJPY is trading sideways today, following Tuesday’s red candle, which was the first negative session for this pair after six consecutive green candles that pushed it towards […]

The post USDJPY Rally Pauses Ahead of Key Events appeared first on Action Forex.

previous

Gold Signals Caution: A Shift in Trend Ahead?

next

FOMC Preview: What to Expect and How Will It Impact US Dollar?

Read More

06/11/2024

A BoE Rate Cut Expected But Overall Rhetoric Matters

The BoE meeting concludes on Thursday Market expects a 25bps rate cut Rhetoric and voting pattern matter Pound could suffer from a dovish rate cut BoE meets on Thursday The Bank of England will hold its penultimate meeting for 2024 on Thursday, a few hours ahead of the Fed’s gathering. With the market anxiously awaiting […]
04/01/2024

Australian Dollar Stabilizes on Solid Chinese PMI

The Australian dollar has steadied on Thursday and is trading at 0.6732 in the European session, up 0.02%. This follows a four-day slide in which the Aussie fell 1.6%. Later in the day, the US releases unemployment claims and the ADP employment report, which comes just one day ahead of US nonfarm payrolls. China’s Caixin […]
15/10/2024

EURJPY Posts Strong Fight With 163.45-164.00 Barrier

EURJPY looks neutral in short-term view 200-day SMA seems to be another real struggle for bulls MACD and stochastics weaken their momentum EURJPPY has been stuck within a tight range of 162.30 and 163.45, remaining in a broader sideways channel of 155.15-164.00. The pair has been consolidating over the last seven days and needs a […]