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USDJPY stuck in a tight range in the past few sessions The pair is within breathing distance from 2023 peak Momentum indicators soften but remain positive USDJPY has been in a steady uptrend since late 2023, forming a V-shaped recovery from its November-December rout. Moreover, in the past few sessions, the pair has been trading sideways near its […]

The post USDJPY Consolidates Near 3-Month High appeared first on Action Forex.

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22/03/2024

Week Ahead – Markets Quiet Down After Central Bank Frenzy

Dollar recovers after Fed selloff, turns to PCE inflation Yen falls despite rate increase, testing three-decade lows Quarter-end flows could disturb the waters in a quiet week Dollar stages recovery after Fed It was an action-packed week for FX traders, with five central bank meetings injecting volatility into the market. In a surprising move, the […]
30/11/2023

Focus Turns to EA and US Inflation

Market movers today Today we get the HICP inflation numbers for the euro area. After yesterday’s lower-than-expected Spanish and German prints, consensus expects the euro area figure at 2.5% y/y. At 14:30 FED’s preferred inflation gauge is released. Consensus expects the PCE core to slow down to 0.2% m/m SA, mirroring a similar decline in […]
17/10/2024

Will ECB Give in to Soft Inflation, Stagnating Growth?

It’s yet another day of stimulus announcements in China, and another round of letdowns for investors. Chinese authorities today announced to almost double the amount it deployed to support what’s called ‘white list’ projects – we are talking about a 4 trillion yuan initiative to facilitate funding thousands of public and private projects in 170 […]