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EURJPY is hovering around the 100-day SMA EURJPY bears have probably regained the upper hand Momentum indicators are mostly mixed at this stage EURJPY is edging lower today, testing the support set by the 100-day simple moving average (SMA) and the 163.37-163.49 area. The rally from the mid-September low stopped at the March 7, 2022 […]

The post EURJPY Correction Halts at Key Support Area appeared first on Action Forex.

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05/09/2024

EUR/USD Maintains Neutral Stance Ahead of US Employment Data

The EUR/USD pair remained stable around 1.1077 on Thursday morning, following steady growth in the previous session but still confined within a sideways channel. Investors are holding back and conserving their energy in anticipation of crucial employment data from the United States, which begins with today’s ADP private sector jobs report. Although the ADP report […]
24/05/2024

USD/JPY: JPY Weakness Back in Vogue At Least for the Short-Term

The 10-year JGB yield has continued to push higher to 1% together with 3-month and 6-month overnight indexed swap (OIS) rates in Japan at 0.12% to 0.17% The JPY has failed to strengthen despite the bullish movements in JGB yields and OIS rates. Broad-based US dollar strength and the deceleration in the lagging core-core CPI […]
01/10/2024

ECB Can Afford to Take a More Dovish Stance

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