Daily Pivots: (S1) 138.58; (P) 142.59; (R1) 144.96; More… USD/JPY’s correction from 151.93 is in progress and intraday bias stays on the downside. Next target is 161.8% projection of 151.93 to 145.53 from 146.78 at 136.42. On the upside, above 143.86 minor resistance will turn bias neutral and bring consolidations first, before staying another fall. […]
The post USD/JPY Daily Outlook appeared first on Action Forex.
RBA hikes cash rate to 4.1% in a 5:4 vote. Perceived capacity pressures and inflationary impacts of the Middle East conflict were key concerns. As was widely expected, the RBA Monetary Policy Board (MPB) raised Read more…
The early spike in oil prices faded throughout yesterday’s trading session, pulling both US and Brent crude below the $100pb mark on news that a few tankers could transit through the Strait of Hormuz. There Read more…
In focus today Focus remains on tensions in the Middle East and its impact on energy markets. In Germany, we will receive the ZEW survey data for March. Recent months have shown an improvement in Read more…