Key takeaways Sharp drop, failed rebound: USD/JPY broke below 157.50 and slid 3% to a three-month low at 152.09 before rebounding, but the recovery toward 157 has now stalled, suggesting the bounce is losing steam. Politics didn’t weaken the yen as expected: Despite PM Takaichi’s landslide election win and scope for expansionary policies, the anticipated […]
The post Chart Alert: USD/JPY Rebound Fades as Intervention Fears Signal Renewed Downside Risk Below 157.50 appeared first on ActionForex.
Markets Yesterday’s price moves on almost all markets were again highly correlated to the intraday swings in oil prices. Brent oil in Asian trading almost touched the $120 p/b level as the there was no Read more…
Key takeaway: Relative resilience in Asia: The Hang Seng Index and CSI 300 outperformed most Asian peers during the US–Iran war 2026, declining only -3.3% and -1.1% respectively from 27 Feb to 6 Mar, while Read more…
Rare are days in the markets when you get this much volatility. Asian indices were deeply sold, while US and European futures were down by 2–3% as US crude prices had spiked to $120pb on Read more…