The British pound might have stolen the show for all the wrong reasons at the start of this week as it plunged to a record low in a mini flash crash, but let’s not forget about the yen. The Japanese currency has also been plunging in recent times, so much so that last week it […]
The post USD/JPY: What’s Next after Government Intervention for Yen? appeared first on Action Forex.
Key Highlights GBP/USD started a recovery wave above 1.3380. A major bearish trend line is forming with resistance at 1.3450 on the 4-hour chart. Crude oil prices saw heavy swing moves above the $80.00 pivot Read more…
Aussie’s broad-based strength continues today as markets further strengthened expectations that the RBA will deliver two consecutive rate hikes in the coming months. Investors are increasingly convinced that the RBA will raise the cash rate Read more…
While the often-repeated statistic that only one percent of New York City restaurants survive a year after opening is a long-running urban legend (the actual number is closer to 20%), the market in the city Read more…