USDJPY jumped over two figures on Friday after Bank of Japan kept interest rates unchanged and signaled it was not in rush for further hikes, despite the borrowing cost is still very low. Renewed attempt higher comes after Thursday’s rally of almost identical size stalled on approach to 144 barrier, with subsequent pullback contributing to […]
The post USD/JPY Outlook: Loses Ground as BoJ Keeps Rates on Hold and Says Not in Hurry for Further Tightening appeared first on Action Forex.
GBPJPY gains ground after upbeat UK CPI data Technical signals endorse bullish efforts Buyers need confirmation above 197.35 GBPJPY advanced to an intra-day high of 197.77 after hotter-than-expected UK CPI inflation data gave traders confidence that the Read more…
Daily Pivots: (S1) 1.0545; (P) 1.0574; (R1) 1.0625; More… Intraday bias in EUR/USD remains neutral and more consolidations could be seen above 1.0495. Outlook will stay bearish as long as 1.0760 support turned resistance holds. Read more…
Daily Pivots: (S1) 153.70; (P) 154.25; (R1) 155.21; More… USD/JPY rebounded after dipping to 153.27 and the break of 155.35 minor resistance suggests that pull back from 156.74 has completed. Intraday bias is back on Read more…