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EUR/JPY: Long-Term Bullish Despite Short-Term Sellers
#EUR/JPY# Hello Everyone, EUR/JPY remains a favorable long-term buy, although current market activity shows sellers entering the scene. Presently, daily support levels have effectively propelled the price upwards, offering substantial reinforcement. Analysis of price movements indicate
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USD/JPY: Persistent JPY bearish trend intact despite growing intervention risk
Tokyo’s core-core inflation for April came in at 1.8% y/y, its slowest pace of increase since September 2022 & below BoJ’s inflation target of 2%. The latest set of softer-than-expected Tokyo’s CPI may push back the timing of the next BoJ’s interest rate hike. Widening of US Treasuries-JGBs yiel
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Canadian Dollar recovers further ground after US PMIs bolster rate cut hopes
Canadian Dollar finds room against softer Greenback post-PMI. Canada Retail Sales due Wednesday ahead of Thursday’s US GDP. Despite PMI gains, CAD upside remains limited as Crude Oil softens further. The Canadian Dollar (CAD) stepped higher against the US Dollar (USD) after US Purchasing Managers In
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ECB's Villeroy: Barring a major surprise, we should cut rates in next meeting
French central bank head and European Central Bank (ECB) policymaker Villeroy de Galhau said on Thursday that they could cut rates in the next meeting, barring a major surprise, per Reuters. Key takeaways "The risk would be to be behind the curve and to pay a too high cost bin terms of economic acti
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