December inflation numbers and the Bank of Canada’s own business and consumer surveys will headline a slew of Canadian indicators ahead of the central bank’s next interest rate decision later this month. Canadian headline CPI growth is expected to tick slightly higher (+3.4% year-over-year) from November’s 3.1% increase, but with the gain largely coming from […]
Key Highlights USD/JPY started a major decline from the 150.50 resistance zone. It traded below a key bullish trend line with support at 149.20 on the 4-hour chart. EUR/USD surged above the 1.1000 resistance zone. Gold prices corrected gains and traded below the $3,100 level. USD/JPY Technical Analysis The US Dollar faced a strong rejection […]
The post USD/JPY Takes a Hit—Will Bears Extend Their Grip? appeared first on Action Forex.
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