Today, the ECB held its policy rates unchanged, as unanimously expected by markets and analysts. The central bank did not send any signals for the September decision, where it repeated its call for a data-dependent and meeting-by-meeting approach. During the Q&A, Lagarde said that the “question of September and what we do in September is […]
Key Highlights USD/JPY extended losses and traded below the 149.20 support. A key bearish trend line is forming with resistance at 149.30 on the 4-hour chart. GBP/USD surged above the 1.2800 and 1.2850 resistance levels. The US nonfarm payrolls could change by 160K in Feb 2025. USD/JPY Technical Analysis The US Dollar remained in a […]
The post USD/JPY Under Pressure—Recovery Could Be Capped by Resistance appeared first on Action Forex.
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