USD/JPY broke above 120 for the first time since 2016 in early Tuesday trading. This latest leg higher comes as the US Federal Reserve doubles down on its commitment to do whatever it takes to combat inflation. Meanwhile, the Bank of Japan remains steadfast in its commitment to keep interest rates low even as its […]
The post USD/JPY: It’s the 118 Not 120 Level that Matters appeared first on Action Forex.
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Key Highlights EUR/USD extended losses and traded below 1.1480. A key bearish trend line is forming with resistance at 1.1550 on the 4-hour chart. GBP/USD also declined further and traded below 1.3320. Crude oil prices Read more…
China’s economic activity showed a stronger-than-expected start to 2026, with key indicators rebounding in the January–February period. Industrial production rose 6.3% yoy, well above market expectations of 5.1%. Retail sales increased 2.8% yoy, also beating Read more…