The CME FedWatch tool has suggested a total of 250 bps Fed funds rate cuts through September next year, to bring the Fed funds rate to 2.75%-3.00%. An upbeat BoJ’s monetary policy statement next Friday may trigger another round of JPY strength. Watch the key levels of 83.80 and 91.60 on the NZD/JPY. Since our […]
The post NZD/JPY Technical: Another Potential Falling Knife as Fed and BoJ Looms Next Week appeared first on Action Forex.
The Japanese yen is in positive territory today, putting the brakes on a four-day skid. In the European session, USD/JPY is trading at 155.54 down 0.45% on the day. Japan GDP climbs 0.9% Japan’s economy Read more…
Daily Pivots: (S1) 197.28; (P) 197.76; (R1) 198.45; More… GBP/JPY is still bounded in sideway trading below 199.79 and intraday bias stays neutral. Further rally is expected as long as 55 D EMA (now at Read more…
Daily Pivots: (S1) 163.91; (P) 164.44; (R1) 165.09; More…. No change in EUR/JPY’s outlook and intraday bias stays neutral. On the downside, sustained trading below 55 D EMA (now at 163.48) will argue that whole Read more…