USD/JPY falters over Japan’s rising inflation The Japanese yen extended gains as accelerating inflation may pressure the BoJ to act soon. One of the major themes of 2023 could be Japan finally normalising its monetary policy. Consumer prices have been rising steadily nationwide, with the latest CPI in Tokyo reaching 4%, above the central bank’s […]
The post Turning Point? Softer US Inflation Prompts More to Dump the Dollar appeared first on Action Forex.
Key insights from the week that was. Among the plethora of major central bank decisions this week, the RBA stood out from the pack, delivering a 25bp rate hike which took the cash rate to Read more…
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The US Dollar rallied consequently since the beginning of the US-Iran conflict, supported by the rise in Oil prices Now reaching the top of its long-term range, a major reversal could be coming Post-FOMC Dollar Read more…