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Source: Forexcom News Agency
3 weeks ago
Forex Medium Importance AI Analyzed
USD/JPY Unwind Accelerates as Suspected Intervention, Fed Hike Doubts Collide

USD/JPY Unwind Accelerates as Suspected Intervention, Fed Hike Doubts Collide

A combination of suspected intervention from Japan's Ministry of Finance, coupled with less hawkish remarks from senior FOMC officials that contrast with those delivered by Chair Kevin Warsh at Jackson Hole last Friday, has helped deliver a powerful bearish break in USD/JPY, sending the pair back to the levels seen around the lows of the intervention episode in late July and early August.

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USDJPY USD/JPY
Source: Forexcom
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Source: Forexcom News Agency
3 weeks ago
Forex Medium Importance AI Analyzed
USD/CAD Analysis: Can the Canadian Dollar Maintain Its Momentum?

USD/CAD Analysis: Can the Canadian Dollar Maintain Its Momentum?

The trading week continues to be particularly relevant for the strength currently being displayed by the Canadian dollar. Over the last two trading sessions, USD/CAD has declined by approximately 0.7%, once again highlighting a bearish bias in favor of the Canadian currency.

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USDCAD USD/CAD
Source: Forexcom
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