Logo-color Logo-white

USD/JPY climbed to 148.19 on Wednesday, marking its second consecutive session of gains after touching a low of 146.53, its weakest level since 4 October 2024. While this movement partly resembles a technical rebound, broader market conditions appear to shift, influencing the yen’s trajectory. Key market factors affecting USD/JPY Bank of Japan (BoJ) Governor Kazuo […]

The post Japanese Yen Declines: Temporary Pause Amid Strong Long-Term Outlook appeared first on Action Forex.

previous

Crypto Bounces Back from Extreme Fear

next

US: CPI Cools in February, But Likely to Pick Up Over the Coming Months as Tariff Effects Take Hold  

Read More

04/06/2024

AUD/USD Analysis: US Dollar Rebounds from Decline

Yesterday, the PMI Manufacturing indices for several countries were published. The news turned out to be disappointing for the US – according to ForexFactory: → Final Manufacturing PMI: actual = 51.3; expected = 50.9; previous value = 50.9; → ISM Manufacturing PMI: actual = 48.7; expected = 49.8; previous value = 49.2; This led to […]
24/05/2024

Canadian GDP Per Capita Likely Shrunk for Seventh Consecutive Quarter in Q1

The Canadian economy likely grew more quickly in Q1 2024 based on headline figures, but it was not fast enough yet again to keep up with surging population growth. That means gross domestic product on a per-person basis contracted for a seventh consecutive quarter. We look for an annualized 2.5% increase in Q1 GDP from […]
28/10/2024

EURUSD Halts Decline But Downside Risks Persist

EURUSD turns flat around 1.0790 But momentum indicators stuck deep in bearish territory EURUSD has steadied around 1.0790 after its rebound from the 16-week low of 1.0760 faltered. However, whilst there is slight positive energy on Monday, with the price inching higher, the momentum indicators are overwhelmingly within the bearish zone. Nevertheless, the selling pressure […]