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The Japanese yen slightly increased against the US dollar on Monday, with the USD/JPY pair holding near 156.73. Investors have already priced in previous remarks from Bank of Japan (BoJ) officials. BoJ Governor Kazuo Ueda emphasized the need to anchor inflation expectations before revisiting interes

AUD/USD AUDUSD edges higher on Friday as traders collected part of profits from the drop in past four days. Today’s action marks the first gain this week, but the pair remains on track for a weekly loss of over 1% so far. Technical studies on daily chart are mixed and lack clearer direction signal,

The uncertain monetary policy outlook triggered by the mixed comments in the FOMC Minutes swayed sentiment across markets. The Minutes released on Wednesday contained concerns about whether monetary policy was sufficiently restrictive and whether further tightening was warranted. Participants nevert

In focus today In the euro area, focus turns to the May PMIs. The economy has started the year on a strong footing with composite PMI above 50 in the past two months. We expect that the service PMIs will remain around the 53 level while the manufacturing sector should rebound slightly to 46, still i

USD/JPY erases Tuesday's losses, trading at 156.67, up 0.31% after Fed minutes indicate possible rate hikes. Technical outlook shows resistance at May 14 high of 156.76 and next supply area at 157.00. Further resistance levels: April 26 high at 158.44 and YTD high at 160.32. Key support levels: Tenk

Ireland's wholesale price inflation accelerated in April to the highest level in nearly one-and-a-half years, data from the Central Statistics Office showed on Wednesday. Output prices in the manufacturing industry rose 3.8 percent year-over-year in April, faster than the 2.0 percent increase in Mar

Hello fellow traders. In this technical article, we’re going to take a look into the Elliott Wave charts of USDJPY, exclusively presented in the members’ area of our website. As our members know USDJPY has recently made pull back that made clear 3 waves down from the April 29th peak .

Overview: The foreign exchange market is quiet. Most of the G10 currencies are +/- 0.1% against the dollar. The crash that took the of Iran's president and foreign minister may have helped lift gold to new record highs ($2450), the impact seems more muted, as poor weather rather than foul play, seem