We have outlooked several promising Forex pairs and the result can surprise you!
USD/JPY: intraday opportunities
Information is not investment advice
USD/JPY has been slowly moving higher during the recent days and approached September highs in the 108.47 area. There are bullish signs on the chart: positive end of the last month, the bullish cross of the 50- and 100-period MAs on H4, bullish breakouts of 108.00 and 108.20. The series of higher highs gives bulls a chance of more upside. The break above 108.50 will be able to bring the pair to 109.00. Much will depend on American ISM Manufacturing PMI due at 17:00 MT time and the speeches of the Fed members. All in all, the technical outlook will worsen only is USD/JPY falls back below 108.00 and 107.78 (100-day MA).
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus