USDJPY drops sharply in early US trading on Wednesday (down over 1%) after the pair hit the highest in almost five weeks (160.39) but bulls repeatedly failed to sustain gains above psychological 160 barrier. The latest hawkish shift from BoJ officials in calling for quick action to support weakening yen in the situation of increasing […]
The post USDJPY – Hawkish BoJ and Speculation of Another Intervention Were Likely Behind Today’s Sharp Fall appeared first on ActionForex.
The short-term Elliott Wave view in Gold (XAUUSD) indicates that the cycle from the June 30 low concluded at $4695.89. This advance has been labeled as wave ((1)). A corrective pullback in wave ((2)) is Read more…
USD/JPY has tumbled from 160.38 through 158, not because of actual intervention but because fear of a repeat is shaping trader psychology near 160 — a fear reinforced by rapidly repricing BoJ tightening expectations, setting Read more…
Key Highlights WTI Crude Oil started a fresh surge above $90.00 and $91.20. A bullish trend line is forming with support at $87.50 on the 4-hour chart of XTI/USD. Gold started a consolidation phase below Read more…