USDJPY geared a bit down after its latest bullish attempt halted at a new 20-year high of 137.76 on Monday. The good news is that the nearby 136.68 region has immediately switched from resistance to support ahead of the US CPI data due today at 12:30 GMT, buffering downside forces for the second consecutive day. If it stands […]
The post USDJPY Finds a Foothold ahead of US CPI Inflation appeared first on Action Forex.
Key Highlights USD/JPY started a fresh decline below the 144.00 level. A connecting bullish trend line is forming with support at 143.40 on the 4-hour chart. EUR/USD is now gaining pace and might clear the Read more…
Markets are awaiting today’s US non-farm payrolls release, with little doubt that hiring had slowed meaningfully in May amid heightened tariff threats and elevated uncertainty. The key question now is just how sharp the slowdown Read more…
Kansas City Fed President Jeff Schmid acknowledged in a speech overnight that monetary theory may suggest to “looking through a one-time price shock”, he would be “uncomfortable staking the Fed’s reputation and credibility on theory Read more…