Key Highlights USD/JPY started a major decline from the 160.40 zone. It traded below a key bullish trend line with support at 159.70 on the 4-hour chart. WTI Crude Oil prices could gain bullish momentum if it surpasses $92.65. EUR/USD is showing positive signs above the 1.1580 support. USD/JPY Technical Analysis The US Dollar struggled […]
The post USD/JPY Breakdown Accelerates—Where Could Sellers Strike Next? appeared first on ActionForex.
In focus today The US Jobs Report, the week’s most important data release, is due. We expect nonfarm payrolls at +65k, slightly above consensus, and an unchanged unemployment rate at 4.1%, suggesting a still-tight labour Read more…
We maintain our call for two Fed rate hikes in December and March. We still see an elevated risk of more persistent inflation pressure and a tighter labour market. The post Research US – Defying Read more…
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