Markets finished last week in volatile fashion after a drop on USDJPY on speculation of BOJ intervention, which also had an impact on other markets. This JPY volatility has resumed today with another back and forht moves with 400 pips on USDJPY following Japan’s top currency diplomat Masato Kanda comments from clarifying whether they intervened […]
The post USD/JPY Top? Reversal Confrimed by BoJ But Not by 10-yr US Yield, Yet appeared first on Action Forex.
Key takeaways Macro risks and policy divergence in focus: Markets are bracing for the Reserve Bank of Australia rate decision, while strong US data reinforces a “higher-for-longer” Fed stance. Meanwhile, escalating US–Iran tensions have pushed Read more…
Key Highlights Gold started a fresh decline below the $4,650 support. A connecting bearish trend line is forming with resistance at $4,610 on the 4-hour chart. WTI Crude Oil regained traction and climbed above $105. Read more…
Gold resumed its near-term slide as tensions in the Strait of Hormuz escalated sharply, after Iran struck multiple vessels and set a UAE oil port ablaze. The developments triggered a fresh surge in oil prices Read more…