Confidence among Japan’s major manufacturers showed a modest recovery in Q4, breaking a two-quarter decline. The Tankan large manufacturing index rose to 14 from 13, slightly exceeding market expectations. However, the outlook dipped marginally from 14 to 13, though still better than the anticipated 11. In contrast, the non-manufacturing sector, which includes services, saw its […]
The post Japan’s Tankan Survey: Manufacturing Confidence Improves to 14 appeared first on Action Forex.
Daily Pivots: (S1) 159.08; (P) 159.81; (R1) 160.52; More… No change in EUR/JPY’s outlook. While rebound from 156.16 might extend higher, it’s still seen as a corrective rise. Further decline is expected as long as Read more…
Daily Pivots: (S1) 0.8233; (P) 0.8253; (R1) 0.8279; More… EUR/GBP rebounded strongly ahead of 0.8201 support. Considering the strong momentum, intraday bias is back on the upside for 0.8363 resistance. Decisive break there will be Read more…
Daily Pivots: (S1) 1.6368; (P) 1.6429; (R1) 1.6496; More… Intraday bias in EUR/AUD stays neutral and more consolidations could be seen. But further rally remains in favor as long as 1.6349 support holds. On the Read more…