The USD/JPY was observed at 163.19, reflecting an increase of 0.42% during the session and achieving a new peak not recorded since 1986, following a dip to 162.84 the previous day — marking the yen’s lowest value against the dollar since December 1986. The Japanese currency has depreciated approximately 11% over the past year, currently … Read more
AUD/USD has experienced a rally for the second consecutive day, reaching one-month highs above 0.7020. Investors’ optimism regarding a potential ceasefire in Iran is exerting downward pressure on the US Dollar. Increased speculation regarding a potential rate hike by the RBA later this year lends further support to the Australian dollar. The Australian Dollar is … Read more
GBP/USD trades at 1.34744, reflecting a modest increase of 0.05% during the session, following a volatile week characterised by a rally to a multi-week high exceeding 1.3560, which was subsequently retraced almost entirely. The 50-period moving average is positioned at 1.34840. The 200-period is positioned at 1.34700. Spot is positioned between them, 9.6 pips beneath … Read more
AUD/USD faces challenges as the Australian Dollar continues to exhibit weakness in the wake of the Consumer Inflation Expectations report. US strikes on Iranian assets and a new naval blockade have prompted a significant increase in the demand for safe-haven assets. Fed Chair Kevin Warsh characterised the prevailing inflation as temporary on Wednesday. AUD/USD experiences … Read more
USD/JPY is currently at 162.14472, reflecting a decline of 0.03% for the session. The pair recorded a value of 162.1060 on July 15, reflecting a decrease of 0.09% from the prior close. The yen has depreciated by 1.05% in the last month and by 9.54% over the past twelve months. The yen last fell to … Read more
USD/JPY is currently at 162.32, reflecting an increase of 0.38%. This follows a peak in July that exceeded 162.80, with a recent print of 162.58 marking the yen’s weakest position against the dollar in forty years. The Japanese currency sank to the lower 162 zone in Tokyo trading, marking its lowest level since December 1986. … Read more
GBP/USD held at 1.3389 on Monday, finding support near 1.3370 and maintaining its recovery near 1.3400, as sterling rebounded from the weekend’s risk-off shock while the dollar’s safe-haven appeal diminished in light of Iran mediation signals. The contrast with the euro is noteworthy: while EUR/USD remains at one-year lows near 1.1390, cable has managed to … Read more
The USD/JPY increased to 162.41 on Monday, reflecting a rise of 0.44%. This movement occurred as the yen surrendered gains from the previous session, reaching new 40-year lows against the dollar. The upward pressure on the dollar was attributed to the recent escalation in Hormuz, which caused a spike in oil prices, heightened expectations for … Read more
USD/CAD drifts higher to approximately 1.4165 during the Asian session on Monday. The US initiated a fresh series of strikes against Iran with the objective of ‘degrading’ its military capabilities. The Bank of Canada is expected to maintain the current interest rate during the upcoming meeting on Wednesday. The USD/CAD pair is experiencing an uptick, … Read more
The USD/JPY pair increased to 162.41 on Monday, reflecting a rise of 0.44%. This movement occurred as the yen relinquished gains from the previous session, reaching new 40-year lows against the dollar. The upward pressure on the dollar was attributed to the recent escalation in Hormuz, which caused a spike in oil prices, heightened expectations … Read more