The yen weakens again as markets test authorities' resolve, with Westpac forecasting prolonged pressure until at least 2027. USD/JPY climbed back above 159, erasing gains from last week’s joint US-Japan intervention that pushed the pair down to 155. The reversal signals ma
The currency pair rises over 0.14% as technical momentum shifts, with traders eyeing a key resistance zone near 217.50. The GBP/JPY cross climbed above its 50-day Simple Moving Average at 215.52, marking a technical breakout that traders view as a bullish signal. The pair
USD/JPY holds near 159.50 despite a weaker USD, as rising crude prices and Treasury yields weigh on Japan’s import-dependent economy. The Japanese Yen underperformed other major currencies Monday, with USD/JPY trading near 159.50 for a modest 10-pip gain. While the Dollar
The bank cites a 210 basis point rate gap and low FX volatility as drivers for favoring the Australian dollar over the euro. Morgan Stanley has set a target of 1.53 for EUR/AUD, recommending a carry trade into the Australian dollar. The call is underpinned by a 210 basis p
The currency pair retreated from a six-week high, testing key technical levels amid shifting momentum indicators. EUR/USD erased early gains on Monday, falling below the 1.1600 mark after peaking at 1.1614, its highest level in six weeks. The pair now trades near the day’s
Sterling briefly touched 1.3550 before retracing nearly all gains, closing with a net advance of under 10 pips. GBP/USD surged to 1.3550 on Monday, marking its highest level in three months, but reversed course within hours. The pair closed with a net gain of less than 10
GBP/USD hit 1.3550 on broad USD weakness but retraced most gains as sterling lacked domestic drivers ahead of key jobs data. GBP/USD spiked to 1.3550, its highest level in three months, as the Dollar Index broke below its 200-day EMA to a June low. The move was driven enti
Weaker-than-expected Chinese industrial and retail data offset RBNZ hawkishness and a softer USD, capping NZD gains. The New Zealand Dollar remains nearly unchanged at 0.5903 against the USD, failing to capitalize on a weaker Greenback. Cooler US inflation data has reduced
The US Dollar Index falls to a two-month low amid softer US jobs, inflation, and retail sales data reducing Fed tightening expectations. The US Dollar Index (DXY) dropped to its lowest level in two months, trading below the 100.00 mark as investors scaled back expectations
Weaker US economic data reduces expectations for a September Fed rate hike, pressuring the USD and lifting EUR and GBP pairs. The US Dollar Index (DXY) fell to a two-month low below 100.00, driven by disappointing US jobs, inflation, and retail sales data in August. Market
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