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Japan allegedly intervened for the first time in six months Most recent interventions did not produce concrete results A more hawkish BoJ is probably needed for a sustained yen rally Japan has a long history of market interventions, to weaken or prop up its currency. Several times since the 1990s, Japan, unilaterally or with help […]

The post Could Monday’s Intervention Turn the Tide for Yen? appeared first on Action Forex.

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13/08/2024

Cryptocurrency Rally Loses Momentum

Market Picture Over the past 24 hours, the cryptocurrency market has rallied 1.6% to $2.08 trillion, but in the past few hours, there has been a sell-off from a high of $2.15 – roughly the midpoint of the past 30 days’ range. Although cryptocurrency prices are higher on average than the previous day, there is […]
20/03/2024

Dollar Index: Bulls Hold Grip on Expectations that Fed Will Keep Hawkish Stance

The dollar index continues to trend higher and hit two-week high on Wednesday, benefiting from the hawkish outlook from the Fed, as the central bank will deliver its monetary policy decision later today. The central bank is not expected to make any changes to the policy, with high interest rates to be kept for extended […]
18/10/2024

Australian Dollar Higher as Job Growth Surges

The Australian dollar is up for a second straight day on Friday. In the European session, AUD/USD is trading at 0.6712, up 0.24%. The Aussie is having a miserable October, having lost 2.9%. Australian employment change soars Australian job growth sparkled in September with a gain of 64.1 thousand. This was higher than the revised […]