Heightened dovish expectations on US monetary policy have led to US Treasuries-JGBs yield premium shrinkage. Bearish momentum factor has taken a foothold as well with USD/JPY’s price action below its 20 and 50-day moving averages. Watch the 150.30/70 key medium-term resistance zone. The relentless medium-term impulsive upside movements of the USD/JPY in place since the […]
The post USD/JPY: A Potential Medium-Term Bearish Reversal in Progress appeared first on Action Forex.
Eurozone retail sales edged lower in March, with the volume of retail trade falling -0.1% mom, outperforming expectations for a steeper -0.4% mom decline. The data suggest consumer spending remains soft, as higher energy costs Read more…
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The Australian dollar continues to strengthen, pushing to fresh 2021–2022 highs, supported by a combination of the Reserve Bank of Australia’s tight monetary stance and a weaker US dollar. This week’s rate hike by the Read more…