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USD/JPY Forecast: Greenback Continues To See Upwards Pressure Against Yen
Article By:
Christopher Lewis
Wednesday, June 12, 2024 5:46 AM EDT
The US dollar has rallied a bit against the Japanese yen, but you can see it is struggling a little bit to continue going higher.
Two Trades To Watch: GBP/USD, USD/JPY Forecast - Wednesday, June 12
Article By:
Fiona Cincotta
Wednesday, June 12, 2024 5:15 AM EDT
GBP/USD is unchanged after data showed that the UK economy stalled in April with a GDP of just 0% compared to March, slowing from growth of 0.4% the previous month.
GBP/JPY Forecast: Continues To Press The Upside
Article By:
Christopher Lewis
Wednesday, June 12, 2024 4:56 AM EDT
The British pound initially rallied during the trading session on Tuesday to break above the crucial ¥200 level, but it has also given back some of those gains as it shows that we are going to have quite a bit of noise in this market.
Yen Collapse Suggests We Are At The Tipping Point Of Keynesian Failure
To all you ‘Buy the dip Stonks never go down crowd’ … you better start watching Bonds and FX because the BOJ is giving you a preview of what the dollar is going to do. At first you think it’s great because stocks go higher and higher (happening now) and then when the clowns in government push too far (passing bills for foreign aid which is an attempt to save the dollar) the currency eventually collapses (coming soon to a theater near you).
$COPX $FXY $GLD $SLV $SPY