USD/JPY is trading at 159.36 on Wednesday, May 27, marking its weakest yen level since late April and approaching the critical 160 intervention threshold that led to Tokyo’s reported yen-buying intervention operations during the late-April and early-May currency stress phase. The current spot price indicates a 0.29% increase from the previous session’s close of 158.99, … Read more
The pound is currently exhibiting a remarkable stability in the foreign exchange market, maintaining its position amidst the dynamic fluctuations occurring around it. GBP/USD (Cable) is currently positioned at $1.3406-$1.3445 across major venues, reflecting a decline of approximately 0.13%-0.20% during the session. This follows a peak near $1.3454 earlier and a rebound from Wednesday’s daily … Read more
The euro is behaving as anticipated by every desk the moment the Fed minutes were released on Wednesday afternoon: it is rolling, lacking any fundamental support to bolster its position. EUR/USD is currently positioned at $1.15906, reflecting a decline of 0.27%-0.28%. This movement follows a classic rejection at the resistance range of $1.1640-$1.1655 and a … Read more
The most asymmetric trade on the G10 board at this moment isn’t Cable, Euro, or Aussie – it’s USD/JPY positioned at the 159.00 handle, with the multi-decade 160 ceiling within a single percent move and the Ministry of Finance intervention zone looming closely. The pair is positioned at 158.90-159.00 across the major venues, maintaining a … Read more
The USD/CAD pair sees an appreciation as the commodity-sensitive Canadian Dollar encounters difficulties stemming from a minor drop in oil prices. WTI could potentially recover as Trump has issued threats to attack Iran in the coming days to expedite a resolution to the conflict. The US 30-Year Treasury Yield has decreased to 5.180%, following a … Read more
EUR/USD is currently trading at 1.1632, having reached an intraday low of 1.1582 — the lowest level since April 7 — and has managed to recover above the 1.1600 psychological level as the European afternoon progresses. The bounce appears to be driven by mechanical factors rather than strong conviction: softer US Treasury yields are alleviating … Read more
USD/JPY is currently positioned at 159.00 during European trading on Wednesday, remaining just a hair’s breadth away from the 12-day peak of 159.25 reached in the previous session, as the seven-day winning streak finally takes a pause. The pair has recovered approximately 400 pips from the May 6 swing low at 155.04, surged past all … Read more
GBP/USD is currently at $1.3375 during the New York session on Monday, following a positive rebound from the early European low of $1.3300 — marking the lowest level for the pair in over five weeks. The movement toward $1.3380 indicates an approximate 80-pip increase from the day’s lowest point, largely influenced by a report stating … Read more
The USD/JPY pair is experiencing an upward movement as market participants anticipate a more assertive approach from the Federal Reserve in combating inflation. The CME FedWatch tool indicates that the markets now perceive a 48% likelihood of a rate hike in December, a significant increase from the 14% observed last week. Japan’s producer inflation is … Read more
The USD/CAD pair shows an upward trend as the US Dollar gains strength following the release of robust US Retail Sales data. In April, US Retail Sales recorded a month-over-month rise of 0.5%, exceeding expectations. The Canadian Dollar may appreciate as oil prices rise, driven by optimistic sentiment regarding US-China trade relations. The USD/CAD maintains … Read more
