USDJPY dips to a new low. Lower inflation from Michigan helps that move to the downside.
USDJPY falls below the 61.8% retracement Looking at the daily chart, the price has moved below the 61.8% retracement of the move up from the 2022 low and trades at the lowest level going back to early June 2022. That level comes in at 128.16. The low price reached 127.55. The current price trades at […]
Michigan Consumer Sentiment Beats Across the Board, US Dollar Unmoved
US Dollar (DXY) Price and Chart Analysis Michigan consumer confidence 64.6 vs. expectations of 60.5. Year ahead inflation expectations fall for the fourth straight month. Recommended by Nick Cawley Introduction to Forex News Trading The latest Michigan Consumer Sentiment report showed consumer sentiment remaining low, from a historical basis, but beating market expectations by a […]