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The USD/JPY pair extended its decline on Wednesday, dropping to 142.36 amid sustained dollar weakness. Key factors driving USD/JPY Movements The Japanese yen’s appreciation is being propelled by broad-based US dollar softness. The greenback faced selling pressure as concerns grew over the economic fallout from proposed new US tariffs. In a fresh escalation of trade […]

The post Japanese Yen Surges as Weak US Dollar Fuels Momentum appeared first on Action Forex.

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14/11/2024

Gold Falls for the Fifth Consecutive Trading Session

On Thursday, the price of a troy ounce of Gold is lower, approaching 2,560.00 USD. The current value of Gold is at an eight-week low, influenced by the strong US dollar. The market analyses the latest inflation statistics released in the US and draws rather ambitious conclusions. The inflation statistics came out within expectations. The […]
27/05/2024

It’s Been a Roller-Coaster Month

We had a roller-coaster month of May in terms of central bank expectations. The month began with the Federal Reserve’s (Fed) decision to hold the interest rates steady, and Jerome Powell saying that the Fed’s next move will probably NOT be a rate cut. The latter had sent the markets rallying with enthusiasm. Then, the […]
12/12/2023

US: Price Gains Across Still-Hot Service Sector Keep Upward Pressure on Core Inflation

The Consumer Price Index (CPI) rose 0.1% month-on-month (m/m) in November, a tick above the consensus forecast and a modest uptick from October. On a twelve-month basis, headline inflation slipped to 3.1% (from 3.2%). Energy prices were a key factor restraining the headline measure, falling 2.1% m/m. The pullback was entirely due to another drop […]