FOREX

Since then, the pair has ripped off six straight-up weeks that have seen the pair move from a low of 0.9194 to a high on Monday at 1.00637. This week,

State-owned banks sold more than $1 billion to support the currency over the past two days. Still, according to traders who asked not to be identified, the pace of interventions slowed

Looking at the hourly chart, the price of the USD/JPY moved above its 100-hour moving average (blue line in the chart above) in the Asian session and continues to hold

Data on Wednesday showed U.S. consumer price growth hindered sharply in April, indicating that inflation had probably peaked, though it was likely to stay hot. The data demonstrated the Federal