Headline CPI inflation eased in September to 1.6% year-on-year (y/y), below expectations for a 1.8% y/y print and less than the 2.0% y/y reading from August. The deceleration was led by gasoline, which was down 10.7% y/y and 7.1% in September alone. Fears over weakening global economic growth have pulled down oil prices, which has […]
Key Highlights USD/JPY extended gains above the 154.00 level. A major bullish trend line is forming with support at 153.95 on the 4-hour chart. EUR/USD is struggling to recover above 1.0720. Crude oil prices declined below the $83.50 support zone. USD/JPY Technical Analysis The US Dollar settled above the 150.00 level to move further into […]
The post USD/JPY Stages More Upsides, Can Bulls Aim For 160? appeared first on Action Forex.
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