The yen recovered as investors became cautious amid intervention warnings. Masato Kanda warned that authorities would do everything necessary to support the yen. Economists believe the US GDP will hold at 3.2%. The USD/JPY forecast leans slightly bearish as Japan’s intervention warnings breathe new life into the yen. After hitting a 34-year low on Wednesday,...
Despite the upbeat Spanish CPI, the EUR/USD price remains under selling pressure. Markets await the Final US GDP Price Index for fresh momentum. Technically, the 1.0800 level provides strong support. The EUR/USD price remained bearish on Wednesday despite minor rebounds. The pair is trading at 1.0820 at the time of writing. The bearish trend remains...
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