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Markets Barring an outdated US Q4 GDP and PCE revision there was again not much to inspire markets yesterday. Speeches from Fed’s Williams, Collins and Bostic yielded the known mantra of data dependency and caution against premature cuts. That resulted in muted trading. Core bonds gained with US Treasuries outperforming, specifically into the final hours […]

The post USD/JPY Tanks About a Full Yen appeared first on Action Forex.

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11/12/2023

Japanese Yen Correction Continues

Japanese yen’s slide continues Markets walk back expectations of a change at BoJ December meeting US nonfarm payrolls rise to 199,000, better than expected The Japanese yen has started the week where it left off on Friday, posting sharp losses. In the European session, USD/JPY is trading at 146.16, up 0.83%. BoJ December mania wanes […]
16/01/2024

EURJPY Sustains Short-term Bullish Structure

EURJPY takes a breather after one-month high A break above the 160 area is required EURJPY has been moving back and forth within the 158.50-160.00 region following last week’s aggressive bounce to a one-month high of 160.17. Technically, the short-term range is formed by the 50% and 61.8% Fibonacci retracement levels of the previous downfall, but the series […]
18/01/2024

A Bearish Lull in Crypto?

Market picture The crypto market has been going around in circles since 13 January, staying near levels 24 hours ago, although Bitcoin’s intraday range exceeded 3.5%. Reaching the highs of the recent trading range triggered a methodical sell-off early on Wednesday and quickly spread to the major altcoins. Bitcoin made local highs late on Tuesday, […]