Bank of America sees yen weakness persisting despite rate expectations

Australia’s labor market took a hit in February, with employment falling by 52,800. That’s worse than the expected 30,000 job gain! This also marked a sharp reversal from January’s revised increase of 44,000 jobs. Despite the drop in employment, the unemployment rate held steady at 4.1%, in line with expectations. Other key details from the…

There is just one to take note of, as highlighted in bold. That being for USD/JPY at the 157.00 level. And the expiries should help to act alongside offers to keep a lid on price action in the session ahead, before rolling off later in the day. Besides that, the holiday-thin trading is likely to…

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It appears that the corrective decline — which took the form of a double zigzag — has completed. During the previous trading session, we observed a modest yet steady rise. This could mark the beginning of an impulse that may evolve into a strong and prolonged upward move. In the near term, a corrective test……

By Kevin Buckland and Greta Rosen Fondahn TOKYO/GDANSK (Reuters) -The dollar hovered close to a three-week peak versus major peers on Monday, ahead of a week of central bank meetings in which markets expect the Federal Reserve to cut interest rates but signal a measured pace of easing for 2025. soared above $105,000 for the…

EUR/USD is attempting a recovery wave from the 1.1500 zone. USD/CHF climbed higher above 0.8050 and might correct some gains. Important Takeaways for EUR/USD and USD/CHF Analysis Today · The Euro declined toward 1.1500 before it started a recovery wave against the US Dollar. · There was a break above a major bearish trend line…