Bank of America lowers its year-end USD/JPY target after coordinated US-Japan FX intervention strengthens yen defense. Bank of America has revised its USD/JPY year-end forecast to 149 from 152 following coordinated FX intervention by US and Japanese authorities. The move a
UOB analysts expect USD/JPY to remain in a 157.30–158.20 range after closing at 157.74 with flat momentum indicators. USD/JPY traded in a narrow band between 157.27 and 157.87 before closing at 157.74, with intraday momentum indicators showing no clear direction. The pair’
UOB analysts forecast USD/JPY downside toward 155.00 and 154.10 unless resistance at 160.00 is breached. USD/JPY traded in a narrow range between 157.27 and 157.87, closing at 157.74 with flat intraday momentum indicators. The pair is expected to remain within a 157.30–158
June’s unexpected decline in Eurozone retail sales adds to concerns over consumer demand amid broader economic uncertainty. Eurozone retail sales dropped 0.3% month-over-month in June, defying expectations for a modest increase. The decline signals weakening consumer spend
Dollar Index gains after Israeli airstrike The US Dollar Index is holding gains after two days of losses, trading around 99.80. The Index found renewed support from safe-haven demand following an Israeli airstrike in southern Lebanon. US macro indicators de
The Australian Dollar weakens against the Yen as traders bet the RBA will hold rates next week amid modest USD strength. The AUD/JPY pair slips to 111.00 in early European trading, ending a two-day rally as the Australian Dollar (AUD) loses ground. Modest US Dollar (USD) s
Investors monitor potential coordinated moves after last week’s joint forex intervention failed to sustain Yen strength. The Euro traded at 182.25 against the Japanese Yen on Thursday, extending a two-day advance as markets await clarity on further US-Japan intervention pl
Standard Chartered forecasts the RBA will pause rate hikes due to easing inflation and labor market conditions. The Reserve Bank of Australia is expected to keep its cash rate unchanged at 4.35% during its 11 August meeting, according to market analysts. Core inflation for
Easing Q2 core inflation and softer labor data reduce pressure on the RBA to hike rates further this year. The Reserve Bank of Australia is expected to keep its cash rate unchanged at 4.35% during its 11 August meeting, as Q2 trimmed mean inflation held steady at 0.8% quar
Rebounding WTI crude prices near $74.90 per barrel bolster the CAD, pressuring the USD/CAD pair amid geopolitical supply concerns. USD/CAD extended losses for a second day, trading near 1.4010 in European hours as the Canadian Dollar strengthened on higher oil prices. WTI
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