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Activity in the forex market cooled today as traders adopted a cautious stance ahead of June FOMC minutes. With no major surprises expected, the minutes are unlikely to shift current expectations for a Fed hold at the July 30 meeting. That baseline has been reinforced by the latest shift in trade war dynamics, after US […]

The post Dollar Pauses as Markets Await FOMC Minutes, Overall Action Muted appeared first on Action Forex.

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Dollar Leads as Tariff Windfall Fuels Fiscal Hopes, Copper Soars on Tariff News

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Yen Approaches 160 Against Dollar, Will Japan Tolerate a Move to 165 or 170?
21/06/2024

Yen Approaches 160 Against Dollar, Will Japan Tolerate a Move to 165 or 170?

Yen is under intense scrutiny today as it continues a six-day losing streak, approaching the key psychological level of 160 against Dollar. This move comes despite Japan’s core inflation reaccelerating in May, but failed to meet market expected pace. Additionally, core-core CPI, which excludes both food and energy, and services inflation both continued to decline. […]
Dollar Firms as Fed Embraces Caution Over Tariff-Driven Inflation; SNB and BoE Next
19/06/2025

Dollar Firms as Fed Embraces Caution Over Tariff-Driven Inflation; SNB and BoE Next

Dollar strengthened broadly in the wake of Fed’s policy decision overnight, although upside momentum remains measured. On the one hand, the updated dot plot maintained projection of two rate cuts in 2025. On the other hand, Chair Jerome Powell offered little to reinforce that view. Instead, he bluntly acknowledged that none of the rate path […]
Yen Rebounds on Ueda’s Openness; Euro Starting to Break Down
21/11/2024

Yen Rebounds on Ueda’s Openness; Euro Starting to Break Down

Yen rebounded broadly today as market participants interpreted comments from BoJ Governor Kazuo Ueda as a potential signal for a rate hike in December. Ueda noted that there is still a month before the next policy meeting and that the central bank will have a substantial amount of data to consider by then. While he […]