Japanese yen loses over 13% this year as interest rate differentials widen Risk of another round of FX intervention is rising, but where exactly? Trend reversal is a story for next year – for now, outlook remains negative Yen sinks despite favorable news The Japanese yen remains the ‘sick man’ of the FX market. It […]
The post Yen Jeeps Sinking, Will Tokyo Intervene Again? appeared first on Action Forex.
Key Highlights GBP/USD started a fresh increase from the 1.3450 support zone. A rising channel is forming with resistance at 1.3660 on the 4-hour chart. EUR/USD could regain traction if it clears the 1.1750 resistance. Read more…
New Zealand’s labor market showed tentative signs of stabilization in the first quarter, with the unemployment rate unexpectedly falling from 5.4% to 5.3%, below expectations for no change. Employment rose 0.2% qoq, slightly under the Read more…
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