USD/JPY continues to show little movement this week, in sharp contrast to Friday, when the pair jumped a massive 1.55%. In the European session, USD/JPY is trading at 135.02 down 0.09%. The yen had shown some strength against the dollar recently, but took a tumble after the stunning US nonfarm payroll report on Friday. The […]
The post Yen Drifting as US Inflation Looms appeared first on Action Forex.
Japan’s trade data for May revealed growing pressure on its export sector, with headline exports falling -1.7% yoy to JPY 8.135T. Imports dropped -7.7% yoy to JPY 8.773T. The resulting trade deficit stood at JPY Read more…
Key Highlights USD/CAD remained in a bearish zone and dropped below 1.3700. A key bearish trend line is forming with resistance at 1.3635 on the 4-hour chart. EUR/USD is now consolidating gains above the 1.1450 Read more…
Gold prices continue to struggle this week with the precious metal unable to hold convincingly above the $3400/oz handle. This is no doubt a surprise given the tensions in the Middle East as well as Read more…