No change in USD/JPY’s outlook as rise from 155.01 is in progress to retest 160.71 high Strong resistance is expected from there to start the third leg of the near term corrective pattern. On the downside, break of 158.28 minor support will turn intraday bias neutral again first. In the bigger picture, for now, corrective […]
The post USD/JPY Daily Outlook appeared first on ActionForex.
On May 28, 2024, the Securities and Exchange Commission compressed the standard settlement cycle for most U.S. securities from two business days to just one, a shift officially designated T+1. For most retail investors, the Read more…
Headline CPI inflation jumped up to 2.8% year-on-year (y/y) in April, from 2.4% in March, slightly below consensus expectations. Higher gasoline prices were a big part of the story, with inflation ex-gasoline up a more Read more…
The sharp rise in US Treasury yields remains one of the dominant macro themes in global markets this week, with the 10-year yield climbing back to 4.62% after only a brief pullback yesterday, near its Read more…