Japan forex authorities ready '24 hours,' top currency diplomat Kanda says – The Japan Times
Japan’s top currency diplomat, Masato Kanda, said on Tuesday that authorities were prepared to respond “around the clock” to currency issues, but declined to comment on whether the Ministry of Finance had intervened a day earlier to support the yen. Again he declined to comment. “It makes no difference whether you’re in London, New York […]
GBP/USD Regains Strength While USD/CAD Dips Again – Action Forex
GBP/USD has started a new rally above the 1.2625 zone. USD/CAD is declining and trading below the support at 1.3415. Key points from today’s GBP/USD and USD/CAD analysis GBP is aiming for further gains above the 1.2755 resistance. On FXOpen’s GBP/USD hourly chart, there was a breakout above a major bearish trend line with resistance […]
USD/JPY Weekly Outlook – Action Forex
Facebook twitter pinterest whatsapp linkedin Email Print Last week's strong rebound in USD/JPY confirms a near-term bottom at 140.25 as the 4th hour MACD is in bullish convergence conditions. Nevertheless, the price movement from there is likely only correcting the decline from 151.89. Further upside cannot be ruled out, but the upside should […]