Concerns that the US is headed for stagflation weighed on sentiment yesterday, which has placed AUD/JPY back onto our bearish watchlist. A combination of weak earnings and housing data fanned concerns of stagflation in the world’s largest economy. Building permits – a leading indicator of economic health – fell -3.2% m/m, which was its weakest […]
The post Soured Sentiment Keeps AUD/JPY on the Ropes appeared first on Action Forex.
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TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal If only we all had the Read more…