The USDJPY pair is edging closer to 152.00 in Tuesday’s European session but remains within Monday’s price range, indicating a sideways movement. Traders are holding back as they wait for Federal Reserve (Fed) Chair Jerome Powell’s testimony before Congress at 15:00 GMT, hoping for insights into the Fed’s future policies. Investors want to know how […]
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Federal Reserve (Fed) Chair Jerome Powell’s testimony yesterday went smoothly. He said that the Fed’s ‘policy stance is now significantly less restrictive than it had been’, the economy remains strong and that they ‘do not Read more…
In focus today From the US, the most important data release of the day will be the January CPI. We forecast headline inflation at +0.3% m/m (SA) and 2.9% y/y and core inflation at +0.2% Read more…
Daily Pivots: (S1) 188.07; (P) 188.99; (R1) 190.74; More… GBP/JPY’s rebound extended higher today and intraday bias is turned neutral first. On the downside, break of 187.04 will resume the fall from 198.94 to 100% Read more…