USD/JPY has risen the most among the majors in the past month. The current swift up move of USD/JPY has prompted FX verbal intervention today from Japan’s Ministry of Finance. The current tonality of verbal Read more…
Daily Pivots: (S1) 146.82; (P) 147.31; (R1) 148.22; More… Intraday bias in USD/JPY remains on the upside at this point. Current rally is part of the whole rise from 127.20, and should target a test Read more…
DAX ended cycle from September 28, 2022 low with wave ((1)) at 16528.97 as the 1 hour chart below shows. Index is currently in wave ((2)) pullback to correct the larger degree from September 2022 Read more…
Japan’s Vice Minister of Finance for International Affairs, Masato Kanda, issued a strong warning as Dollar approaches 148 yen, marking a high for this year. Kanda stated, “We are closely monitoring the situation, with a Read more…
BoJ board member Hajime Takata highlighted in a speech today the significant shifts in firms’ behavior on price-setting and wages, leading to a budding “virtuous cycle between wages and prices” in Japan. The existence of Read more…
Australia’s GDP saw 0.4% qoq growth in Q2, aligning perfectly with market expectations. This marks the seventh consecutive quarter of economic growth for the nation. The economy exhibited resilience with a 3.4% annual growth rate Read more…
The Bank of Canada (BoC) might move to the sidelines on Wednesday at 14:00 GMT after two rate increases during the summer. Investors are not seeing any additional hikes in the year ahead, but they Read more…
The Bank of Canada (BoC) might move to the sidelines on Wednesday at 14:00 GMT after two rate increases during the summer. Investors are not seeing any additional hikes in the year ahead, but they Read more…
The Bank of Canada (BoC) might move to the sidelines on Wednesday at 14:00 GMT after two rate increases during the summer. Investors are not seeing any additional hikes in the year ahead, but they Read more…