The USD/JPY pair is rising cautiously for a second consecutive day, reaching 142.48, as a string of underwhelming economic figures from Japan weighs on market sentiment. Key factors driving USD/JPY Movement March’s economic data revealed a larger-than-expected contraction in industrial production, while retail sales growth also fell short of forecasts. Collectively, these indicators point to […]
The post Japanese Yen Edges Lower as Weak Data Dampens Confidence appeared first on Action Forex.
Markets Markets faced a difficult task today, navigating through a busy eco calendar. In the end, Q1 US GDP data triggered a temporary bear steepening of the US yield curve pushing yields in a first Read more…
Summary The U.S. economy is at a greater risk of recession now than it was a month ago, but this 0.3% contraction in Q1 GDP is not the start of one. It reflects instead the Read more…
The U.S. economy contracted by a meager 0.3% quarter-on-quarter (q/q, annualized) in the first quarter – in line with the consensus forecast – but a sharp reversal from Q4-2024’s gain of 2.4%. Consumer spending rose Read more…