The yen reached a new 38-year low and raised intervention concerns. An increase in Tokyo’s inflation increased the chances of a BoJ hike in July. The US core PCE index was softer, confirming the recent decline in price pressures. The USD/JPY weekly forecast is bullish as the interest rate differential between Japan and the US...
The EUR/USD weekly forecast was overshadowed as the US economy expanded at a bigger 1.4% rate in Q1. The US core PCE report showed softer inflation. Next week’s primary focus will be the US monthly employment report. The EUR/USD weekly forecast shows more upside potential as Fed rate cut expectations rise with softer inflation data. ...
Will the prices go up or down in 2021? Opinion and Analysis by Crypto Experts