Weekly Focus – Cutting Cycle Continues

The reversal of the Bank of Japan’s monetary policy tightening at the beginning of March not only failed to reverse, but also added to the Yen’s weakening trend. The systematic pressure on the Japanese currency raises even more questions, given that the Fed and ECB are less than three months away from widely expected rate […]

AUDUSD recovers after hitting 0.6525 But the bulls struggle below key resistance crossroads This increases the chances for another strike by the bears AUDUSD entered a recovery mode after it hit support near the key zone of 0.6525. However, the bulls seem to be struggling to overcome the 0.6615 level and the 50-period EMA, with […]

USDJPY edges lower after hitting levels just ticks away from 160 barrier, which many see as a trigger for intervention, as Japan’s authorities intervened at the end of April when the pair cracked 160 barrier. Monday’s trading was closed in red for the first time in eight days, although long tail of daily candle suggests […]