The Nikkei 225 is closing in on a fresh record near 72,831.73, but unlike June’s rally—when USD/JPY ran alongside it to 163.97—a faster BoJ tightening cadence, a more patient Fed, credible intervention risk and the absence of a fresh oil shock mean USD/JPY is unlikely to follow through the 160 zone this time.
The post Nikkei Eyes Record High, But Four Forces Stand Between USD/JPY and 164 appeared first on ActionForex.
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Markets French central bank governor Moulin argued in an FT interview that France has to remain master of its own destiny. He called on politicians to pass a budget this year to reduce spending and Read more…
In focus today There are no tier-1 releases today. Focus will remain on developments in the European markets and geopolitical developments in the Middle East. In France, the key issue in the coming days will Read more…