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Japanese Yen Commentary - Thursday, May 2
Article By:
James Harte
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Thursday, May 2, 2024 10:32 AM EDT
The US Dollar dropped more than 3% against the Japanese Yen yesterday as the Fed struck a less hawkish tone than many were expecting at the May FOMC.
In this article: FXY
USDJPY Breaks Down: Uptrend Over Or Correction Incoming?
Article By:
ForexCycle
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Thursday, May 2, 2024 9:00 AM EDT
USDJPY’s price action has shifted, raising questions about the future direction of the currency pair. This analysis examines the technical situation and explores potential scenarios.
USDJPY Forex Elliott Wave Technical Analysis
Article By:
Peter Mathers
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Thursday, May 2, 2024 8:38 AM EDT
he USD/JPY Elliott Wave Analysis for the Day Chart examines the market behavior of the U.S. Dollar against the Japanese Yen using Elliott Wave Theory to determine its trend, mode, and structure. Forex Elliott Wave Technical Analysis
USD/JPY Forecast: Yen Surges On Another Possible Intervention
Article By:
Yohay Elam
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Thursday, May 2, 2024 5:31 AM EDT
There is a high chance that Japanese authorities intervened again to support the yen. Powell maintained that the Fed was still looking to cut interest rates. The gap in long-term government bond yields between Japan and the US is 376 basis points.
May Day Fed Day
Article By:
Marc Chandler
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Wednesday, May 1, 2024 7:19 AM EDT
Much of Asia and Europe are off for the May Day labor holiday. The dollar is mostly softer in the thin activity. However, the dollar has edged higher against the yen to approached JPY158.
FX Daily: DXY Closing In On Year’s High Ahead Of Fed
Article By:
ING Economics
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Wednesday, May 1, 2024 3:48 AM EDT
The relentless stream of above-expected US inflation data continues. Yesterday it was the turn of the Employment Cost Index to surprise on the upside. Higher US rates have sent one measure of the trade-weighted dollar - the DXY - to the year’s high.
AUDJPY Forex Elliott Wave Technical Analysis
Article By:
Peter Mathers
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Wednesday, May 1, 2024 3:21 AM EDT
In the current AUD/JPY Forex Elliott Wave Technical Analysis, the position is described as "blue wave 1," indicating that the market is in the first wave of a new impulse sequence, suggesting that a larger trend might be forming or reversing.
South Korea's Central Bank Says May Buy Gold In The Mid To Long-Term
Article By:
Tyler Durden
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Tuesday, April 30, 2024 8:20 PM EDT
South Korea now holds 104.4 tonnes of gold in its foreign exchange reserves, at the end of March. South Korea’s central bank may consider buying more gold in the mid-to-long term.
China’s April Economic Slowdown: PMI Drops To 50.4
Article By:
Finance Brokerage
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Tuesday, April 30, 2024 2:36 PM EDT
China’s policymakers are prepared to use tools like RRR and interest rate adjustments to stabilise and stimulate the economy.
In this article: GXC
GBPAUD Forex Elliott Wave Technical Analysis
Article By:
Peter Mathers
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Tuesday, April 30, 2024 9:39 AM EDT
The details section provides a deeper look into the current phase of the wave structure. According to the analysis, red wave C of B is considered completed, signaling the end of this specific wave sequence.
GBP/JPY Forecast: Massive Moves Against Yen
Article By:
Christopher Lewis
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Tuesday, April 30, 2024 7:46 AM EDT
The British pound has been all over the place against the Japanese yen in trading on Monday, initially taking off to the upside before struggling to hang on to gains and plunging massively.
Room For The Dollar To Climb Ahead Of The FOMC
Article By:
Stephen Innes
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Tuesday, April 30, 2024 4:40 AM EDT
With the yen stabilizing and potential acceleration in the employment cost index encouraging bets on a hawkish Fed tomorrow, one would think the dollar has some climb into the Fed.