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Daily Pivots: (S1) 149.45; (P) 149.97; (R1) 150.88; More… Intraday bias in USD/JPY remains on the upside at this point. Break of 150.90 will resume larger rally from 139.87 to 151.22 fibonacci level. Sustained break there will carry larger bullish implication. On the downside, below 149.74 minor support will turn intraday bias neutral again first. […]The post USD/JPY Daily Outlook appeared first on Action Forex.
Volatility across major currency pairs eased in Asian session today, with markets showing a brief pause after several sessions of outsized moves. Yen initially extended losses as the Nikkei 225 surged to another record high for a second straight day, but later steadied as profit-taking emerged following the sharp depreciation seen earlier in the week. […]The post Yen Momentum Slows After Slide, But Japan Bond Market Faces Takaichi Test appeared first on Action Forex.