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USDJPY continues to hover around the 146 area Market participants are preparing for the US CPI release Momentum indicators remain mixed USDJPY continues to trade sideways, hovering around the 146.65-147.71 area for the fifth consecutive session. The bears are holding most of the gains of the sizeable correction from the early July high of 161.94, […]

The post USDJPY’s Sideways Trading Might End Abruptly appeared first on Action Forex.

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28/12/2023

Japanese Yen Keeps on Rolling

Japanese retail sales climb but industrial production declines Japanese gain rises sharply The Japanese yen has posted sharp gains on Thursday. In the European session, USD/JPY is trading at 140.66, down 0.82%. Japanese retail sales beat forecast Japanese releases were a mixed bag today. Retail sales impressed with a gain of 5.3% y/y in November, […]
14/05/2024

EURJPY’s Relentless Rise Continues

EURJPY in the green for the seventh consecutive trading day Bulls aim for April’s multi-year highs, but they might run out of steam soon For the past week, EURJPY has been experiencing a non-stop upward movement, currently targeting April’s bar of 169.27, which proved tough to claim despite the flash spike to a 40-year high of […]
09/04/2024

Sunset Market Commentary

Markets Core bounds found some reprieve in this week’s second transitory trading session bridging Friday’s payrolls and tomorrow’s US CPI data. German Bunds outperforms US Treasuries after the ECB’s quarterly Bank and Lending Survey provided some more backing for the flagged June policy rate cut. Demand for loans from firms declined substantially, contrary to banks’ […]