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The Japanese yen has extended its gains on Friday. In the European session, USD/JPYis trading at 145.44, down 0.52% on the day. The yen is trading at its strongest level since September 2024. US nonfarm payrolls expected to drop Investors are still digesting the massive losses sustained in the financial markets, but will have to […]

The post Yen Pummels US Dollar, Nonfarm Payrolls Next appeared first on Action Forex.

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18/03/2024

GBPJPY Wave Analysis

GBPJPY reversed from key support level 188.50 Likely to rise to resistance level 191.20 GBPJPY currency pair recently reversed up from the key support level 188.50 (former monthly high from November and January). The support level 188.50 was strengthened by the lower daily Bollinger Band and by the 50% Fibonacci correction of the upward impulse […]
15/05/2024

Will Today’s CPI Echo the PPI Print?

In focus today In the US, the focus will be on April CPI. We forecast headline inflation at +0.4% m/m SA, as energy inflation has been boosted by rising oil prices. Core inflation is likely to tick slightly lower to 0.3% m/m SA, driven especially by further disinflation in housing services. Recently, leading data has […]
14/03/2025

New Zealand Dollar Climbs as Manufacturing Improves

The New Zealand dollar is in positive territory on Friday. NZD/USD is trading at 0.5722 in the European session, up 0.46% on the day. NZ Manufacturing PMI rises to near-three year high New Zealand’s manufacturing sector improved in February, as Manufacturing PMI rose to 53.9, up from 52.5 in January. This was the highest level […]