The yen was last this strong in mid-March this year. News from central banks contributed to the decline in USD/JPY. Yesterday, the Bank of Japan raised interest rates to levels not seen in the past 15 years. Conversely, the Fed kept rates unchanged as expected but “opened the door” for a possible cut in September, […]
The post USD/JPY Falls Below 150 Yen Per Dollar appeared first on Action Forex.
Fed Chair Jerome Powell conveyed in a speech overnight that the central bank sees no immediate need to reduce interest rates quickly. He added that with an “appropriate recalibration” of monetary policy, Fed believes it Read more…
USD/CHF is facing resistance at the 0.8900 handle after breaking above the 200-day MA. The US Dollar Index (DXY) is also at multi-month resistance, raising questions about a potential pullback. The Swiss Franc’s recent weakness Read more…
GBPUSD reversed from strong support level 1.2665 Likely to rise to resistance level 1.2840 GBPUSD currency pair recently reversed up from the strong support level 1.2665 (former monthly low from August), standing close to the Read more…