Stocks are holding support after Fed’s Powell’s encouraging statements on monetary policy tightening, but crude oil keeps moving higher based on the situation in Ukraine. With recent jump on stocks we also see JPY crosses moving higher, in line with USDJPY. IN fact USDJPY has nice five waves up so looks like more upside can […]
The post USD/JPY Eyes Higher as US Yields Find Support: Elliott Wave Analysis appeared first on Action Forex.
BoJ Deputy Governor Shinichi Uchida noted in parliamentary remarks that recent inflation has been driven primarily by higher import and food costs, particularly staples like rice. He acknowledged the burden on households, saying the price Read more…
China’s economic data for April revealed a patchy recovery, with retail sales rising by 5.1% yoy, falling short of the 6.0% yoy forecast and slowing from March’s 5.9% yoy. Stripping out automobiles, consumer goods sales Read more…
New Zealand’s services sector showed further signs of strain in April, with the BusinessNZ Performance of Services Index dipping from 48.9 to 48.5, well below the long-term average of 53.0. Key components of the survey Read more…