Logo-color Logo-white

USDJPY was sharply down on Thursday morning as yen received fresh boost from growing expectations of BoJ’s more aggressive approach to monetary policy. The price fell almost 1% during Asian/ early European trading and cracked psychological 150 support for the first time since Dec 9. The support is reinforced by lower 20-d Bollinger band and […]

The post USD/JPY: Cracks 150.00 Support After 1% Drop on Thursday appeared first on Action Forex.

previous

XAU/USD: Gold Heading Towards $3,000 Target

next

Sunset Market Commentary

Read More

03/01/2024

USDJPY Buyers Appear Strong in 2024

USDJPY shows some progress MACD and RSI turn up USDJPY started 2024 in a positive mode as it rebounded off the 140.90 support level with strong resistance  coming from the steep descending trend line. The RSI is below its 50 neutral mark, although it has strengthening, and the MACD is keeping its footing above its red […]
22/11/2024

Cliff Notes: Calm Conditions

Key insights from the week that was. In Australia, the RBA’s November Meeting Minutes provided a deep dive into the Board’s baseline views and assessment of risks. Chief Economist Luci Ellis subsequently discussed a number of noteworthy developments, one being the statement that the Board “would need to observe more than one good quarterly inflation […]
12/07/2024

Corporates Have Weighed in on Crypto Once Again

Market picture The crypto market capitalisation fell by 0.8% in 24 hours to $2.11 trillion. An attempt to strengthen the market’s offensive on news about inflation in the US attracted new sellers, which this time can easily be linked to the similar dynamics of the Nasdaq index, with which crypto has the closest correlation. At […]