The Japanese yen strengthened significantly at the end of the week following reports of possible currency intervention by Japanese authorities, with speculation that the United States may also have supported the move. The Bank of Japan kept its interest rate at 1.00%, as expected, but said the economy is improving and inflation risks remain. This […]
The post USD/JPY Falls on Intervention Rumors, Rates Unchanged appeared first on ActionForex.
Key Highlights EUR/USD started a fresh increase above 1.1500. It traded above a key bearish trend line with resistance at 1.1410 on the 4-hour chart. USD/JPY declined heavily below the 157.50 support zone. Gold seems Read more…
China’s private manufacturing sector remained in expansion territory for an eighth consecutive month in July, although growth moderated from June. The RatingDog China General Manufacturing PMI eased to 50.9 from 51.7, the lowest reading in Read more…
Japan’s manufacturing sector remained firmly in expansion territory in July, with the final S&P Global Manufacturing PMI edging down slightly to 54.5 from 54.8 in June. While the headline index eased marginally, it still pointed Read more…