Logo-color Logo-white

In relatively quiet market environment, Japanese Yen is coming under increasing pressure, with notable selloff driven by rising benchmark yields in the US and Europe. With major European stock indexes largely flat and the US and Canadian markets closed for a holiday, the Yen’s decline has gained momentum. Several Yen crosses have broken near term […]

The post Yen Slide Intensifies, More Downside Likely Ahead appeared first on Action Forex.

previous

Forex Markets Await Direction with Key US Economic Data on the Horizon

next

Dollar Firm Ahead of ISM Manufacturing; Swiss GDP and CPI Also in Spotlight

Read More

26/01/2024

Dollar Down Mildly after Core PCE Miss, Ready for Breakout?

Dollar falls mildly in early US trading hours, following the release of core PCE inflation data which indicated a slightly sharper than expected slowdown. However, this weakness in Dollar is somewhat counterbalanced by unexpectedly robust growth in consumer spending. Despite these movements, Dollar remains within its established trading range, with a decisive breakout yet to […]
Sentiment Stabilizes after FOMC, Yen Jumps Again on Alleged Strategic Intervention
02/05/2024

Sentiment Stabilizes after FOMC, Yen Jumps Again on Alleged Strategic Intervention

Markets sentiment in the US stabilized overnight, responding positively to Fed Chair Jerome Powell’s less hawkish-than-anticipated remarks in the post-FOMC press conference. DOW closed slightly up, while S&P 500 and NASDAQ saw mild losses only. Treasury yields and Dollar both fell in response to these developments. Key takeaways from Powell’s address include a clear stance […]
Dollar Holds Strong as June Rate Cut Expectations Wane; ECB to be Non-Event
11/04/2024

Dollar Holds Strong as June Rate Cut Expectations Wane; ECB to be Non-Event

Dollar remains firm in Asian session after the strong post-CPI rally. US stocks were deeply sold off as a June Fed rate cut is further priced out by the markets. Market attention is now keenly focused on the upcoming PPI for March, as well as University of Michigan’s consumer survey results. Should today’s PPI data […]