The USD/JPY currency pair is stuck in a narrow trading range during Asian trading hours this Wednesday. This comes after briefly touching a 34-year high earlier in the week. However, the upside potential for the USD/JPY remains limited due to the...
AUDUSD MARKET ANALYSIS On Tuesday (June 25), AUD/USD fell slightly by 0.13% to close at $0.6649. The market is currently waiting for Australia to release the May consumer price index (CPI) on Wednesday. The market expects a decline of about 0.2%,...
Rounding Top Candlestick Pattern? A Rounding Top is characterized by its gradual, arc-shaped formation atop an uptrend. It signifies a shift in momentum from bullishness to potential bearishness, indicating that the asset's price might be nearing a...
The euro has been on a tear against the Japanese yen, climbing for six days straight. It's not quite at its peak for the year, set back in April, but it's getting close. Right now, the exchange rate is hovering around 171.29 yen to the euro, which...
The British Pound is on a tear against the Japanese Yen, fueled by a broad decline in the Yen's value. This decline comes despite the Bank of Japan's (BoJ) staunch commitment to ultra-loose monetary policy. The BoJ's attempts to talk up the Yen and...