Inflation in Tokyo rose 4.4% y/y in January, its highest level since 1981. And as Tokyo inflation has a tendency to lead nationwide inflation in Japan, it suggests another hot print for Japan’s CPI in February. And that places further pressure on the BOJ to tighten policy from its ultra-easy stance, and explains why JPY […]
The post Is the USD/JPY Bearish Move Becoming ‘Long’ in the Tooth? appeared first on Action Forex.
Daily Pivots: (S1) 140.18; (P) 141.16; (R1) 141.85; More… Intraday bias in USD/JPY remains on the downside for the moment. Current fall from 158.86 is in progress for 139.57 support. Strong support could seen from Read more…
The broad selloff in US assets resumed overnight as market confidence took another blow from escalating political pressure on Fed. Major US stock indexes ended the session deep in the red, while 10-year Treasury yields Read more…
Dollar Index broke through an important support overnight as recent decline accelerated, and hit the lowest level in three years. The selloff reflects a deepening flight out of US assets, as confidence continues to erode. Read more…