USD/JPY Outlook: Yen Soars Amid Japanese Officials' Concerns
On Thursday, the USD/JPY outlook took a bearish turn after Japanese officials sounded the alarm over the yen's recent downturn.
Source: forexcrunch.com
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Top News In State Manufacturing Today - Breaking & Trending Today
US Empire State manufacturing dives to -43.7, lowest since May 2020
US Empire State Manufacturing general business conditions index fell sharply from -14.5 to -43.7 in January, hitting the lowest level since May 2020. Looking at some details, new orders fell from -11.3 to -49.4. Shipments fell from -6.4 to -31.3. Prices paid rose from 16.7 to 23.2. Prices received fell from 11.5 to 9.5.
Source: actionforex.com
EUR/USD Price Analysis: ECB Hawks Alter Outlook on Fed Cuts
A bearish tone dominated Tuesday's EUR/USD price analysis as the dollar surged. Investors recalibrated their expectations of Fed's cuts.
Source: forexcrunch.com
Dollar's Rally Unfazed by Weak Manufacturing Data, Bolstered by Risk Aversion
Dollar continues its strong rally in early U.S. session, making an attempt to surpass January high against Euro. The market appears to be ignoring surprisingly poor results of Empire State Manufacturing survey. Instead, mild risk-off sentiment is prevailing, offering some support to the greenback.
Source: actionforex.com