Daily Pivots: (S1) 155.85; (P) 156.17; (R1) 156.63; More… USD/JPY is still bounded in consolidations below 157.88 and intraday bias remains neutral. Downside should be contained by 154.47 resistance turned support. On the upside, break Read more…
Japan’s data releases were surprisingly strong today, with both industrial output and retail sales showing impressive gains. Combined, they paint a picture of an economy that is slowly regaining momentum on both production and consumption Read more…
Key Highlights USD/JPY corrected gains and tested the 155.75 support. A declining channel is forming with resistance at 156.50 on the 4-hour chart. Bitcoin started a recovery wave above $90,000. EUR/USD is consolidating below the Read more…
Japan’s industrial production rose 1.4% mom in October, sharply beating expectations of a -0.6% decline. The rebound was driven primarily by a 6.6% jump in motor vehicle output, a sector benefiting from the U.S. tariff Read more…
In Japan, Tokyo’s inflation profile showed little moderation in November, with both core CPI and core-core CPI staying at 2.8% yoy. The readings came in slightly firmer than expected, while headline CPI eased just one-tenth Read more…
Key insights from the week that was. It was a historic week in Australia, marked by the ABS publishing the October CPI – the first complete set of monthly inflation data. In the event, it Read more…
Foreign exchange (FX) intervention in Japan is defined by a unique division of labor where the Bank of Japan (BoJ) acts strictly as an agent for the Ministry of Finance (MOF). FX policy is fundamentally Read more…
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While US Markets are away for the Thanksgiving holiday, leaving the broader session fairly calm, the FX markets remain open and active, with all eyes turning to the Kiwi Dollar (NZD), posting yet another strong Read more…
NZDUSD: ⬆️ Buy NZDUSD broke daily Falling Wedge Likely to rise to resistance level 0.5800 NZDUSD currency pair recently reversed from support area between the powerful support level 0.5550 (which has been reversing the price Read more…