Daily Pivots: (S1) 160.76; (P) 163.65; (R1) 165.29; More… EUR/JPY’s fall from 175.41 is in progress and intraday bias remains on the downside. This decline should be a larger scale correction and should target 155.91 fibonacci level next. On the upside, break of 167.93 resistance is needed to confirm short term bottoming. Otherwise, outlook will […]
The post EUR/JPY Daily Outlook appeared first on Action Forex.
BoJ left its uncollateralized overnight call rate unchanged at around 0.25% during today’s meeting, as widely anticipated and decided by unanimously. In the accompanying statement, BoJ maintained a positive outlook for the Japanese economy, projecting Read more…
Japan’s core CPI, excluding fresh food, rose to 2.8% yoy in August, matching expectations and marking the fourth consecutive month of acceleration. This increase is up from 2.7% yoy in July and continues the upward Read more…
UK GfK Consumer Confidence dropped sharply in September, falling from -13 to -20, marking the biggest decline since April 2022. The seven-point drop reflects growing concerns about the economic outlook and personal finances, with households Read more…