In a significant move, USD/JPY surpasses the key psychological level of 150 today, marking its highest point in a year. This uptick has reignited concerns among investors regarding market interventions by Japan, given that the 150 mark is widely regarded as a trigger point for such actions. Japanese finance minister Shunichi Suzuki addressed the market […]
The post As USD/JPY breaks 150, Japan faces intervention and YCC decision appeared first on Action Forex.
Daily Pivots: (S1) 1.3634; (P) 1.3651; (R1) 1.3683; More… Intraday bias in USD/CAD remains neutral as consolidations continue above 1.3549. Further decline is expected as long as 1.3709 resistance holds. Below 1.3549 will resume the Read more…
The US Non-Farm Payrolls report may be today’s headline event on the economic calendar, but markets are behaving as though the real story lies thousands of miles away in the Strait of Hormuz. For much Read more…
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