Japanese Households Reduce Spending Power Due to Inflation
Japanese Households Reduce Spending Power Due to Inflation Japanese families spent less money in July because prices kept going up, and it’s making it hard for people to afford things. This is putting pressure on the government to come up with new ways to help the economy. In July, people spent 2.7% less money than […]
USD/JPY Regains Strength
USD/JPY Regains Strength USD/JPY climbed higher above the 132.50 resistance zone. A connecting bullish trend line is forming with support near 134.50 on the 4-hour chart. EUR/USD slowly moved below the 1.0620 support zone. The US GDP grew 2.7% in Q4 2022, less than the 2.9% forecast. The US Dollar gained strength for a steady […]
EUR/USD Slides to three week low
EUR/USD Slides to three week low The US dollar is showing strong gains against the majors yesterday, with the exception of the Japanese yen. EUR/USD has tumbled by 1.27% and is trading at 1.0528 in Europe. EUR/USD is sharply lower, despite a very light economic calendar. The only release of note is German CPI, which […]
US Dollar Japanese Yen (USD JPY) Analysis | Xtreamforex
US Dollar Japanese Yen (USD JPY) Analysis | Xtreamforex The Japanese Yen is on a wild ride lately. But there were some surprise moves earlier, an explanation of these moves could give some explanation on whether or not the USDJPY has hit a ceiling. There are some important implications for the future of the yen, […]