The FOMC hiked the Fed Funds rate last week by 50bps to bring the overnight rate to 4.5%. In addition, the Fed’s Summary of Economic Projections (SEPs) showed that most members believe the terminal rate for interest rates during this hiking cycle will be 5.1% in 2023, up from 4.6% in September’s projections. The bond […]
The post Currency Pair of the Week: USD/JPY appeared first on Action Forex.
Autonomous driving advocates often use the threat of China to pressure regulators to grant the technology greater access. It’s an effective threat that artificial intelligence advocates are successfully using for their own ends, but China Read more…
Daily Pivots: (S1) 157.35; (P) 157.63; (R1) 158.18; More… Intraday bias in USD/JPY remains on the downside. Fall from 160.71 would continue to 61.8% projection of 160.71 to 155.48 from 157.92 at 154.68. Firm break Read more…
Daily Pivots: (S1) 0.7813; (P) 0.7832; (R1) 0.7851; More…. Intraday bias is back on the downside with breach of 0.7774 support, and fall from 0.8041 could be resumption. Firm break of 61.8% projection of 0.8041 Read more…