The Japanese yen experienced selling pressure on Friday, halting a two-day streak of gains against the US dollar. Several factors contributed to the yen's weakness. Bank of Japan Governor Kazuo Ueda's comments on Friday, stating that core inflation...
USD/JPY As of February 2, 2025, the USD/JPY currency pair has experienced notable movements influenced by recent monetary policy decisions. The Bank of Japan (BOJ) recently increased its short-term policy rate from 0.25% to 0.5%, marking the...
T E C H N I C A L _ A N A L Y S I S C L / CRUDE OIL Good morning all forex traders and readers. Hope you’re all doing well. We will discuss the price action of the Crude oil market today. The chart for Crude oil shows that the Crude oil hit $72.00...
The Canadian dollar (CAD) experienced a volatile week, ultimately recovering on Friday after a significant drop earlier in the week. The currency's roller-coaster ride was largely driven by external factors, primarily related to US trade policy and...
EUR/NZD’s current technical setup suggests that the market is at a crossroads, with a pivotal level at 1.8334 determining the next phase of price action. The RSI, positioned above 50, indicates that there is still underlying buying interest despite...
