Yesterday, important U.S. inflation data was released, as reported by ForexFactory: → Core CPI (MoM): actual = 0.2%, forecast = 0.2%; previous = 0.1%; → CPI (YoY): actual = 2.9%, forecast = 3.0%; previous = 3.0%. Today, market participants learned about the change in the UK’s monthly GDP: actual = 0.0%, forecast = 0.0%; previous […]
USDJPY continues to trend lower within larger bear channel and fell to five-month low on Thursday as dollar remains under increased pressure from trade war uncertainty and Fed’s dovish shift. Fresh probe below important Fibo support at 149.22 (50% retracement of 139.57/158.87 ascend) looks for final weekly close below this level (after repeated failure in […]
The post USD/JPY Outlook: Hits Five-Month Low appeared first on Action Forex.
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