Daily Pivots: (S1) 159.12; (P) 159.45; (R1) 159.95; More… USD/JPY’s rally continues today and focus is now on 160.45 resistance. Firm break there will confirm larger rally resumption for 161.94 high next. On the downside, below 158.94 minor support will indicate that consolidation pattern from 160.45 is starting another down leg. But still, overall outlook […]
The post USD/JPY Mid-Day Outlook appeared first on ActionForex.
The Aussie tried to rally on improving global sentiment. Australia’s economy had other ideas. AUD/USD bounced earlier today as markets reacted positively to signs that Washington and Tehran may be moving closer toward a diplomatic Read more…
Australia’s labor market weakened sharply in April as employment unexpectedly contracted and the unemployment rate climbed to its highest level since 2021, reinforcing signs that higher interest rates and slowing demand are beginning to weigh Read more…
Japan’s private sector growth slowed in May as momentum weakened across both manufacturing and services activity, though the economy continued expanding overall thanks to resilient factory output. Flash Japan Composite PMI Output Index eased from Read more…