Logo-color Logo-white

USDJPY reversed from the support zone Likely to rise to the resistance level 144.00 USDJPY currency pair recently reversed up from the support zone set between the pivotal support level 140.75 (which has been reversing the price from December) and the lower daily Bollinger Band. The upward reversal from this support zone created the daily […]

The post USDJPY Wave Analysis appeared first on Action Forex.

previous

GBP/USD O)utlook: Cable Cracks Psychological 1.30 Support After US Inflation Data

next

ECB Meets as Fed Doves Wave Goodbye to Jumbo Cut

Read More

02/07/2024

NZ First Impressions: NZIER Survey of Business Opinion, Q2 2024

Business activity measures remained weak in June, while the inflation gauges are steadily heading in the right direction. Key results (seasonally adjusted): General business confidence: -35.4 (Previous: -24.9) Trading activity, past three months: -27.8 (Previous: -24.2) Trading activity, next three months: -10.4 (Previous: -12.3) % reporting a rise in operating costs over the past 3 […]
15/05/2024

US: Core Inflation Cools to Near Three-Year Low in April  

The Consumer Price Index (CPI) rose 0.3% month-on-month (m/m) in April, a tick below the consensus forecast. On a twelve-month basis, CPI inflation edged lower by 0.1 percentage points to 3.4%. Higher gasoline prices (+2.8% m/m) were partly responsible for the uptick in headline inflation. Meanwhile, food prices were flat last month and are up […]
14/08/2024

USD/JPY Sees Retreat Amid US Dollar Weakness

USD/JPY has retreated from its peak this week, settling at 146.82. The yen gained some strength as the US dollar weakened following July’s lacklustre US Producer Price Index (PPI) data. This report bolstered market expectations for a potential 50 basis point cut by the Federal Reserve at its upcoming September meeting. The focus now shifts […]