In line with our expectations, the BoE today hiked policy rates by 50bp, bringing the Bank Rate to 2.25. The extent to which fiscal policy is set to boost demand and hence impact policy setting is still highly uncertain. We maintain our call for a 50bp hike in November and December and 25bp in February […]
The post Bank of England Update: Another 50bp Hike and We Expect More to Come appeared first on Action Forex.
USD/JPY rose to 159.29 on Friday, marking one of the weakest levels for the Japanese yen since July 2024. The yen’s decline is heightening market concerns about possible intervention by authorities in the foreign exchange Read more…
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The short-term Elliott Wave outlook for USDJPY indicates that the cycle from the January 28, 2026 low remains in progress, unfolding as an impulsive structure. From that low, wave (1) concluded at 157.72, followed by Read more…