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Source: Forexcom News Agency
1 month ago
Forex Medium Importance
USD/JPY Weekly Outlook: Yen shorts cleansed as US inflation takes over

USD/JPY Weekly Outlook: Yen shorts cleansed as US inflation takes over

USD/JPY heads into the week with yen shorts far less stretched than before the intervention episode of late July, reducing positioning risk. The key event this week is US inflation, which could materially shift expectations for Fed hikes over the next 12 months.

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USDJPY USD/JPY
Source: Forexcom
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Source: Forexcom News Agency
1 month ago
Forex Medium Importance
Euro Technical Forecast: EUR/USD Reversal Rally Faces Its First Major Hurdle

Euro Technical Forecast: EUR/USD Reversal Rally Faces Its First Major Hurdle

EUR/USD has extended its recovery from the yearly low after last week's outside-week reversal triggered a decisive breakout from the July consolidation range. The rally has now reached the first major resistance zone since the June decline began, making this an important test of whether buyers can sustain the improving technical backdrop.

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EURUSD EUR/USD
Source: Forexcom
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