Japanese Yen gained significant ground in the Asian session, supported by stronger-than-expected nominal wage growth, which bolstered the likelihood of further BoJ rate hikes. Additionally, continued rise in real wages for the second consecutive month, despite being largely driven by seasonal bonuses, adds to the argument that wage pressures could help sustain inflation near the […]
The post Yen Rises on Strong Wage Data, Gold Continues March to 3000 appeared first on Action Forex.
Daily Pivots: (S1) 191.89; (P) 192.53; (R1) 193.28; More… Intraday bias in GBP/JPY stays neutral at this point. On the downside, firm break of 189.31 will suggest that corrective pattern from 180.00 has completed. But Read more…
Daily Pivots: (S1) 159.36; (P) 160.04; (R1) 160.88; More… Intraday bias in EUR/JPY stays neutral at this point. Overall outlook is unchanged that consolidation pattern from 154.40 could still extend. On the downside, below 157.96 Read more…
Daily Pivots: (S1) 0.8298; (P) 0.8315; (R1) 0.8331; More… Further decline is expected in EUR/GBP with 0.8353 minor resistance intact. Corrective rebound from 0.8221 should have completed already. Fall from 0.8472 would target a retest Read more…