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Investors assign nearly 50% chance for a March BoJ hike Wage negotiations set to conclude with strong pay hikes Recession is avoided, inflation reaccelerates The BoJ meets on Tuesday at 02:30 GMT March hike speculation intensifies The yen staged a strong recovery last week following several reports suggesting that the Bank of Japan (BoJ) may […]

The post Will BoJ Take Interest Rates Out of Negative Territory? appeared first on Action Forex.

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20/09/2024

USD/JPY Recovery Eyes Momentum: Will Gains Pick Up?

Key Highlights USD/JPY started a fresh increase above the 142.00 resistance. It cleared a major bearish trend line with resistance at 142.20 on the 4-hour chart. EUR/USD failed to extend gains above the 1.1120 resistance. Bitcoin climbed higher above the $61,200 and $62,000 resistance levels. USD/JPY Technical Analysis The US Dollar found support near the […]
20/08/2024

The Sweet Soft-Landing Spot

The week kicked off on a positive note on expectation that when Federal Reserve (Fed) Chair Jerome Powell speaks at the Jackson Hole meeting on Friday, he will deliver a strong hint that the rate cuts will begin soon in the US. How soon ? Probably in September? By how much? Probably a reasonable 25bp? […]
05/12/2023

AUD/USD: Falls Further as RBA Decision Disappoints Traders

AUDUSD extends pullback from four month high (0.6690) into second straight day, additionally pressured from decision of Australian Central Bank to keep interest rates unchanged. Although the RBA’s statement kept hawkish bias, traders were disappointed and continued to sell Aussie dollar. Fresh weakness broke below 200DMA (0.6578), to further soften near-term structure for attack at […]