USD/JPY rose to 159.53 on Thursday, returning towards the 160.00 area as the Japanese yen weakened. The move has kept markets on alert for possible further intervention by the authorities amid persistent currency weakness. Fundamental factors continue to weigh on the yen: a wide interest rate differential, rising fiscal risks, and elevated energy and import […]
The post USD/JPY in Positive Territory: Yen Gives Back Intervention Gains appeared first on ActionForex.
Eurozone industrial production lost momentum in June, slowing from 0.3% to 0.0% m/m, while EU output eased from 0.3% to 0.2%. On annual basis, production was only 0.1% higher y/y in Eurozone and 0.6% higher Read more…
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The US dollar strengthened against commodity currencies following the release of July US inflation data. The annual Consumer Price Index (CPI) came in at 3.4%, exactly in line with forecasts and down from the previous Read more…