USD/CAD is currently stabilizing above 1.3920 following its inability to surpass the 2026 peak of 1.3978. The US Dollar experienced a decline following reports that Trump may be contemplating a resolution to the conflict in Iran. Fed Powell downplayed the prospect of immediate rate hikes, resulting in a decline in US Treasury yields. The US … Read more
The USD/JPY chart illustrates a struggle to maintain levels above 157.70–157.80, accompanied by a persistent consolidation near 156.30. The price advanced towards 157.80 but faced a strong rejection, subsequently retreating into the 155.85–156 range during the European session, negating a significant portion of the movement from 156.30. Throughout the day, the pair continues to fluctuate … Read more
The Bank of Japan has made a significant move by raising its short-term rate from 0.50% to 0.75%, marking the highest level in approximately thirty years, and this decision was reached by unanimous vote. Headline inflation stands at approximately 2.9%, with core inflation nearing 3.0%, significantly exceeding the Bank of Japan’s 2% target. Despite this, … Read more