The Japanese yen continues to lose ground. Last week, USD/JPY rose 1.41% and has added another 0.97% on Monday. Earlier in the day, USD/JPY touched 125.55, its highest level since June 2015. Yen slides, BoJ downgrades economy It has been a bleak start to the week for the Bank of Japan. The central bank has […]
The post Dollar/Yen Sails Past 125 appeared first on Action Forex.
BoJ Governor Kazuo Ueda warned today that the recently imposed U.S. tariffs are likely to exert “downward pressure” on both the global and Japanese economies through “various channels.” While he did not specify the transmission Read more…
New Zealand’s services sector remained in contraction in March, with the BusinessNZ Performance of Services Index inching up slightly to 49.1 from 49.0. This marks another month below the long-run average of 53.0 highlighting the Read more…
Key Highlights EUR/USD started a fresh increase above the 1.1200 resistance. It broke a key contracting triangle with resistance at 1.1035 on the 4-hour chart. GBP/USD is again rising and might aim for gains above Read more…