USDJPY edged higher on Tuesday on partial profit-taking from strong drop in past three days (the pair was down 2%). Bounce was so far limited (retraced slightly above 23.6% of 145.92/42.35 bear-leg), with mixed technical studies (daily Tenkan/Kijun-sen in bearish setup 14 -d momentum still in positive territory), but near-term action remains weighed by recent […]
The post USD/JPY: Markets Focus on Tonight’s Fed Announcement appeared first on Action Forex.
Summary The widely expected decision by the FOMC to keep rates on hold at today’s policy meeting was universally supported by all 12 voting members of the Committee. In its post-meeting statement, the FOMC noted Read more…
The Fed maintained its policy rates unchanged in the May meeting, as widely expected. QT continues unchanged also as expected. Powell emphasized that the Fed is in a good place amid the high uncertainty and Read more…
Key Highlights Gold found support near $3,200 and started a fresh increase. A key bullish trend line is forming with support at $3,285 on the 4-hour chart. EUR/USD is still consolidating gains below the 1.1420 Read more…