USDJPY has retreated from its January high, crossing below its 50-period simple moving average (SMA) amid strengthening negative forces. However, despite the short-term negativity, the pair’s overall outlook is still positive amid successive higher highs and higher lows. Short-term momentum indicators are supporting a negative bias as the RSI is located below its 50 neutral […]
The post USDJPY Faces Short-Term Pressures; Overall Outlook Bullish appeared first on Action Forex.
Tokyo’s November CPI data pointed to resurgence of inflation pressures in Japan, raising expectations for BoJ to tighten policy further. Tokyo Core CPI, excluding food, climbed from 1.8% yoy to 2.2% yoy, beating expectations of Read more…
Headlines on Thursday revealed that Israel may have violated the recent Gaza ceasefire just one day after it began, with reports of tactical military actions targeting areas not included in the agreement. Meanwhile, OPEC+ postponed Read more…
The shift to a more services-based economy increases economy-wide depreciation rates, and so the need to invest. Higher average interest rates – and economy-wide profit shares – are among the likely results. An important reason Read more…