USD/JPY, Yen analysis FX intervention rhetoric shifts up a gear USD/JPY completely ignores the decline in US-Japan bond spreads to trade higher The markets appear to be calling the Japanese officials’ bluff as every level of intervention has been surpassed since the 2022 interventions The analysis in this article uses chart patterns and key support … Read more
Market snapshot ahead of the FOMC meeting The US CPI for the month of May cooled, causing the dollar to fall sharply ahead of the FOMC statement and updated forecasts due at 7pm (UK). For real-time coverage, read our US CPI report from senior strategist Nicholas Cawley. On the face of it, it was a … Read more
Most read: EUR/USD Trade Setup – Bullish Continuation Depends on Breakout of Resistance The new week will start slowly as both the US and UK markets will be closed on Monday – the former for Memorial Day and the latter for a holiday. Holidays in these financial centers mean lower trading volume, potentially leading to … Read more