FxWirePro: USD/JPY hits 5-month high as BOJ stays vague on hike timing
Dec 19, 2024 09:07 am UTC| Technicals
USD/JPY strengthened on Thursday as yen weakened sharply after the BOJ left policy settings unchanged and offered few clues on its monetary outlook. As anticipated, the nine-member BOJ board voted 8-1 to maintain the...
Dec 19, 2024 08:49 am UTC| Technicals
The EUR/JPYpared some of its gains on the weak Euro. It hit a high of 162.46 yesterday and currently trading around 161.17.The bearish intraday outlook is maintained as long as the resistance at 162.60holds. During a...
GBP/JPY Soars on Weak Yen: A Bullish Trend with Eyes on 200
Dec 19, 2024 08:48 am UTC| Technicals
The GBP/JPY currency pair showed a massive jump on a weak yen, hitting a high of 198.05 and currently trading around 197.99. Notably, the Potential Reversal Zone (PRZ) is set at 200.20, indicating levels where traders may...
FxWirePro: USD/CNY uptrend resumes rise as dollar strengthens following Fed's hawkish rate stance
Dec 19, 2024 08:33 am UTC| Technicals
USD/CNY surged towards the 7.300 level on Thursday as the dollar gained strength following the Feds hawkish stance on interest rates. The U.S. central bank cut its interest rates on Wednesday as expected but Federal...
FxWirePro: NZD/USD hits new 2-year low, downside bias remains
Dec 19, 2024 06:21 am UTC| Technicals
The NZD/USD hit two year low on Thursday as kiwi dollar was weighed down by hawkish easing from the U.S. Federal Reserve. The Fed lowered rates by 25 basis points as expected, but it said it will deliver fewer rate...
FxWirePro: AUD/ USD neutral in the near-term, scope for downward resumption
Dec 19, 2024 05:58 am UTC| Technicals
AUD/USD hit two-year low on Thursday after the U.S. Federal Reserve cut rates by 25 basis points and signaled a slower pace of future cuts. The Federal Reserve cut interest rates on Wednesday as expected, but Chairman...