USD/JPY Heads towards 3rd Losing Week as Market Await US Inflation Update
The pair is soft today and runs its third straight negative week, as fears over the Fed’s tightening path ebb in the aftermath of Wednesday’s minutes
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The pair is soft today and runs its third straight negative week, as fears over the Fed’s tightening path ebb in the aftermath of Wednesday’s minutes
The pair is running its second straight profitable week, but faces pushback ahead of key technical levels, after yesterday’s rather hawkish minutes by the Fed
Weak UK flash PMI's act as catalyst for GBPUSD weakness.
Dollar retracement normalises weekly overbought condition.
President Lagarde post blogpost on ECB website on path to normalisation. EURUSD catches a bid in response.
Japan’s core Consumer Price Index (CPI) jumped above the central bank’s 2% target in April as today’s data showed, with the pair trading with caution and heading towards another losing week
The common currency rises today, helped by somewhat hawkish minutes from the European Central Bank and the US Dollar’s demise
Unemployment in Australia dropped to the lowest level in nearly 50 years, sending the Aussie higher and making the central bank’s recent tightening efforts easier, ahead of this week’s elections
The common currency loses steam after the solid start to the week, as mr Powell reasserts his hawkishness and Eurozone inflation stabilizes
Fed Chair suggests that rates may be hiked above neutral. USDOLLAR find support, in response.
Shorts may use the UK's inflation release as a catalyst for their positions.
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