EURUSD had been rangebound before sliding lower But the retreat ceases at the 200-day SMA Momentum indicators remain tilted to the downside EURUSD had been trading sideways since the beginning of the year following its pullback from the December high of 1.1138. The pair spiked lower on Tuesday, but the congested region that includes the 200-day […]
The Bank of Japan (BOJ) has raised short-term interest rates to 0.5%, the highest level in 17 years. While this move was anticipated, the currency market responded with a significant strengthening of the yen, with USD/JPY falling by approximately 0.6%. At a press conference, BOJ Governor Ueda stated that there is no predetermined course for […]
The post Bank of Japan Raises Rates, Yen Strengthens appeared first on Action Forex.
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