USDJPY consolidates within a wide range on Friday after falling over 3% after intervention of Japan’s authorities, aiming to support weakening yen on Thursday. Friday’s action moves within daily Ichimoku cloud (158.49/160.59) shaped so far in a long-legged Doji, signaling that traders look for fresh direction signal after yen registered the biggest daily gain since […]
The post USDJPY Consolidates After Sharp Post-Intervention Fall; Key Supports Still Hold appeared first on ActionForex.
Key Highlights EUR/USD started a fresh increase above 1.1500. It traded above a key bearish trend line with resistance at 1.1410 on the 4-hour chart. USD/JPY declined heavily below the 157.50 support zone. Gold seems Read more…
China’s private manufacturing sector remained in expansion territory for an eighth consecutive month in July, although growth moderated from June. The RatingDog China General Manufacturing PMI eased to 50.9 from 51.7, the lowest reading in Read more…
Japan’s manufacturing sector remained firmly in expansion territory in July, with the final S&P Global Manufacturing PMI edging down slightly to 54.5 from 54.8 in June. While the headline index eased marginally, it still pointed Read more…