The USD/JPY price analysis indicates optimism following reports of a trade deal between the US and Japan. Japan will invest $550 billion in the US. Japan’s PM Shigeru Ishiba might resign next month. The USD/JPY price analysis indicates optimism following reports of a trade deal between the US and Japan, which has boosted the yen….
The post USD/JPY Price Analysis: Yen Climbs on US-Japan Trade Optimism appeared first on Forex Crunch.
The gold outlook remains constructive despite profit-taking at the $4,500 level. Geopolitical risks and a weaker dollar continue to favor the bullion. Market participants now eye the US ADP report with more focus on Friday’s NFP. After a robust two-day rally, gold prices have paused near the $4,500 mark. Buyers are exhibiting some reluctance as……
USD/JPY outlook remains weak as the dollar tumbles after weaker ADP data. The increasing odds of BoJ rate hikes provide moderate support to the yen. Rising JGB yields and FX intervention warnings weigh on the USD/JPY. The USD/JPY price is attempting to stabilize on Thursday after a sharp fall in the previous session. The pair……
The AUD/USD forecast remains flat as the markets await key US inflation data. Aussie remains cautious as consumer confidence falls to 3-month lows. Australia’s quarterly inflation report is crucial for gauging the RBA’s next move. The Australian dollar weakened against the US dollar on Tuesday as domestic data reinforced a cautious outlook for the Australian……
The EUR/USD weekly forecast remains tilted to the downside, as US data shows resilience and fading odds of a January rate cut by the Fed. Markets ignored the improved Eurozone data, maintaining the selling pressure. Technically, the EUR/USD price needs to overcome the 1.1680 hurdle to relieve the selling pressure. The EUR/USD pair struggled throughout……
AUD/USD price remains calm near 0.6580 after posting solid gains. Australia’s Q3 GDP revealed the underlying resilience of the Australian economy. Fed easing and the dovish next Fed Chair continue to pressure the greenback. The AUD/USD price remains on the front foot, trading near the 0.6580 level as the Australian dollar extends its 2-week rally……
The EUR/USD outlook turns negative as the Eurozone is hit by the US-EU trade deal. European leaders voice opposition against the deal amid fear of economic backlash. The US dollar sees increased demand as the Fed may hold rates steady for longer. The EUR/USD outlook weakened as the pair continued its decline on Tuesday, following……
