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The Japanese yen continues to lose ground against the US dollar. In the European session, USD/JPY is trading at 149.74, up 0.32% on the day. Earlier, the yen reached the symbolic 150 level for the first time in two weeks. BoJ notes concern about US trade policy There were no surprises from the Bank of […]

The post Bank of Japan Maintains Rate, Yen Hits 150 appeared first on Action Forex.

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03/09/2024

USDJPY Wave Analysis

USDJPY reversed from support level 144.00 Likely to rise to resistance level 149.35 USDJPY currency pair recently reversed up from the strong support level 144.00 (which has been reversing the price from January) standing near the lower daily Bollinger Band. The upward reversal from the support level 144.00 created the daily Japanese candlesticks reversal pattern […]
03/12/2024

EURJPY Rebounds Off More-than 2-Month Low

EURJPY finds support near ascending line Stochastic and RSI look oversold; bullish move is expected EURJPY has declined considerably after the pullback from the three-month high of 166.68, losing more than 6% in just one month. The pair recorded a fresh, more than two-month low of 156.36, with the simple moving averages (SMAs) confirming the […]
07/01/2025

Gold (XAU/USD) Price Outlook: Bulls to Take Charge? US Services PMI Ahead

Gold prices were volatile on Monday, swinging between 2650 and 2614, ultimately settling at 2635, driven by fluctuations in the US Dollar and tariff news. US Services PMI data will be a key focus, as a positive figure could boost the US dollar and weigh on gold prices. Technically, gold appears poised for another leg […]