The spot price faces persistent challenges, struggling to gain traction amid a confluence of unfavorable factors. Key issues include uncertainty surrounding the Bank of Japan's policy direction, underwhelming economic data, and shifting global risk...
The US dollar saw an initial decline against the Japanese yen, but rebounded and showed signs of renewed strength. This move suggests a potential move into positive territory as the market appears poised for a recovery. A key level to watch is the...
EUR/JPY EUR/JPY Outlook: As we enter 2025, the EUR/JPY currency pair is once again in focus, reflecting the ongoing struggle between Europe's economic resilience and Japan’s weak currency policies. Currently trading around ¥163.17, the pair is...
AUD/USD Looking at the AUD/USD pair today, it’s hovering around 0.6830, showing some slight upward movement after holding steady near 0.6800 support. I’ve noticed that the 50-day moving average acts as solid support, while the 200-day moving...
Navigating the intricate dynamics of the currency pair requires balancing macroeconomic fundamentals with technical indicators. The US Dollar has been recovering from recent losses, while Canada’s subdued growth prospects further complicate the...
