Logo-color Logo-white

USDJPY dips below 150 mark in early Thursday’s trading, as yen received fresh boost from BOJ policymaker’s hawkish comments regarding interest rates and month-end position adjustments. Economic data from Japan, released overnight were mixed, as retail sales remained solid in January, but industrial production fell below expectations, causing limited impact. Fresh bears cracked the floor […]

The post USD/JPY: Eases After Hawkish Comments on BoJ Interest Rates appeared first on Action Forex.

previous

USD/JPY Tanks About a Full Yen

next

Early Flight to the Moon

Read More

04/04/2024

CHF Renewed Its Decline on Weak Inflation

Weak Swiss inflation renewed the downward momentum of the franc, which is losing over 0.5% against the euro, sending EURCHF to highs last seen in May 2023. The Swiss Consumer Price Index was virtually unchanged for March, with annual inflation slowing to just 1.0% – the lowest since September 2021. The Swiss National Bank has […]
03/02/2024

Week Ahead – RBA Decision and US Data on the Menu

Dollar cannot sustain Fed-fueled advance, will ISM data help? Reserve Bank of Australia could abandon its tightening bias Crucial data releases also from China, Canada, and New Zealand Fed warns against early rate cuts It was an eventful week in global markets. The spotlight fell on the Federal Reserve, which shot down expectations it would […]
04/03/2024

XAU/USD: Gold Rises Further After Rallying 2% on Friday

Gold keeps firm tone and trading near new two-month high at the start of the week, after rallying 2% on Friday, in the biggest daily advance since Dec 13. The yellow metal surged after markets got a clearer picture about the US rate outlook, as the latest economic data added to growing expectations that the […]