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USD/JPY rose to 158.61 on Friday, continuing its upward movement as the yen remains under pressure. Investors are adopting a wait-and-see approach ahead of the Bank of Japan’s (BOJ) monetary policy decision. The BOJ recently Read more…
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Key takeaways Suspected FX intervention jolts USD/JPY: After briefly spiking above 159 following BoJ comments, USD/JPY plunged nearly 200 pips within minutes to ~157.30 with no data catalyst, strongly suggesting intervention or rate-checking by Japanese Read more…
According to AccuWeather, a powerful Arctic cold front is expected to sweep across the United States, reaching as far south as the southern states and bringing lower temperatures to more than 150 million people across Read more…
UK business activity accelerated sharply in January, with PMI surveys pointing to the strongest momentum in nearly two years. Manufacturing PMI rose from 50.6 to 51.6, a 17-month high, while Services PMI jumped from 51.4 Read more…
Daily Pivots: (S1) 212.87; (P) 213.42; (R1) 214.45; More… GBP/JPY retreated after brief rise to 214.83 and intraday bias remains neutral. With 210.63 support intact, further rally is expected. On the upside, break of 214.283 Read more…
Daily Pivots: (S1) 185.27; (P) 185.77; (R1) 186.72; More… EUR/JPY retreated notably after edging higher to 186.86 and intraday bias is turned neutral. Some consolidations would be seen but downside should be contained above 182.75 Read more…
Daily Pivots: (S1) 0.8688; (P) 0.8711; (R1) 0.8728; More… Intraday bias in EUR/GBP stays neutral for the moment. On the downside, firm break of 0.8691 resistance turned support will suggest that rebound from 0.8643 has Read more…
Daily Pivots: (S1) 1.7129; (P) 1.7216; (R1) 1.7272; More… Intraday bias in EUR/AUD remains on the downside for the moment. Current fall from 1.8554 should target 100% projection of 1.8554 to 1.7245 from 1.8160 at Read more…