A rise in Treasury yields and solid US labor data on Friday boosted the dollar, which climbed against the basket of major currencies. The yen fell to a fresh 24-year low after Japan’s ruling coalition expanded its majority in Sunday’s upper house election. Investors interpreted the result as an upcoming wave of super-easy monetary policy. […]
The post USDJPY Heading Towards the 25-year High appeared first on Action Forex.
Daily Pivots: (S1) 0.9331; (P) 0.9349; (R1) 0.9368; More…. Intraday bias in EUR/CHF remains neutral as sideway trading continues. Price actions from 0.9218 are seen as either a corrective move or the third leg of Read more…
Markets Yesterday’s House approval of Trump’s multi-trillion bill wraps up days of suspense going into the vote. The fiscal theme returned front-and-center since the 90-day US-Sino trade truce almost two weeks ago. Dire deficit and Read more…
Daily Pivots: (S1) 1.1242; (P) 1.1294; (R1) 1.1331; More… Intraday bias in EUR/USD remains neutral and more consolidations could be seen below 1.1362 temporary top. Further rise is expected as long as 1.1216 support holds. Read more…