The USDJPY extends fresh and steep acceleration into third straight day and hit new 24-year high on Wednesday. The dollar continues to rise across the board, driven by high expectations for another aggressive Fed hike this month and continuous flow into safety on growing global economic uncertainty. Firmly bullish technical studies add to positive outlook, […]
The post USD/JPY: Dollar Surges to New 24-year High vs Yen appeared first on Action Forex.
Germany’s GfK Consumer Climate for May fell sharply from -28.1 to -33.3, marking its lowest level since February 2023 and signaling further deterioration in household sentiment. The decline reflects mounting pressure on consumers as inflation Read more…
Daily Pivots: (S1) 159.13; (P) 159.49; (R1) 159.73; More… Range trading continues in USD/JPY and intraday bias remains neutral for the moment. Further rise is expected with 157.49 cluster support (38.2% retracement of 152.25 to Read more…
Daily Pivots: (S1) 0.7837; (P) 0.7858; (R1) 0.7870; More…. Intraday bias in USD/CHF remains neutral for the moment. Further decline is expected as long as 0.7933 resistance holds. On the downside, sustained break of 61.8% Read more…