USD/JPY has come under renewed selling pressure, easing toward 157.00 after Japanese Finance Minister Kato's verbal intervention. The pair erased early gains, induced by the October BoJ meeting Minutes. However, the downside could be limited as the...
The pair is approaching a critical juncture, with technical indicators suggesting a potential downside shift. A key support level around 0.8900 is in focus, and traders are closely monitoring whether the pair can hold above this threshold. The...
The confirmation of a Hanging Man candlestick pattern suggests potential short-term bearish pressure, signaling that the pair could face a pullback shortly. While the U.S. Dollar has shown resilience, recovering some of its recent losses, the...
While recent gains in the pair have offered some hope, these improvements may prove unsustainable given the strong resistance levels in place and the hawkish stance of the Federal Reserve. The Fed’s ongoing commitment to high interest rates and the...
The Federal Reserve is set to announce its latest policy decision later today, with markets widely expecting a 25 basis point (bps) rate cut. While this move is largely priced in, all eyes will be on the remarks from Fed Chair Jerome Powell. Traders...
