The Japanese Yen (JPY) has been the center of attention recently, with speculations about a possible government intervention in the markets by Japanese authorities. This intervention is seen as a key factor lending some support to the JPY, which has been hovering at a fresh 34-year low. However, despite the possibility of intervention, any significant
Forex News
Japanese Finance Minister Shunichi Suzuki recently made some statements regarding foreign exchange moves. He stated that the Japanese government is prepared to respond appropriately to excessive FX moves, indicating a high level of vigilance in monitoring such movements. Suzuki emphasized that he will not comment on the current FX moves directly but assured that the
Visa Inc. (V) is currently experiencing a corrective counter-trend phase, characterized by a ZigZag structure identified as Intermediate wave (4). The direction indicates a potential bottoming out in wave (4). The analysis suggests that there may be an Intermediate wave (3) completion, given the correction’s magnitude aligning with a wave (2) of the same degree.