USD/JPY is experiencing modest gains, hovering around 161.80 during the Asian session on Monday. The US and Iran seem to be re-engaging in discussions aimed at resolving the conflict. Traders are closely monitoring the situation for potential Japanese Yen intervention, given the currency’s significant volatility around the 162.00 psychological threshold. The USD/JPY pair exhibits slight … Read more
The euro is exhibiting behaviour this month that should cause discomfort for those adhering strictly to traditional trading principles: the European Central Bank has increased rates for the first time in three years, yet the single currency has declined regardless. EUR/USD is currently trading around 1.1387 in Friday’s transactions, positioned at the lower end of … Read more
EUR/USD declined to approximately 1.1420 on Tuesday, slightly lower for the session but resting at its weakest point since mid-March, as the global aversion to risk provided the dollar with an additional safe-haven appeal alongside its existing rate advantage. The pair has remained confined within a narrow range just above 1.1400 during European trading, exhibiting … Read more
AUD/USD declines even in the face of enhanced Australian preliminary S&P Global PMI data. Australia’s preliminary June Manufacturing PMI increased to 51.2, whereas the Services PMI edged up to 49.9, indicating a trend towards economic stabilisation. The US Dollar maintains its position in the context of a hawkish sentiment regarding the Federal Reserve’s policy outlook. … Read more
USD/JPY is currently positioned at approximately 161.5, maintaining a consolidation phase just beneath its peak level observed since July 2024, while the yen remains at its lowest point since 1986. The pair has advanced consistently due to the expanding divergence in rates between the Fed and the BoJ, alongside persistent carry-trade flows. It surpassed the … Read more
The Japanese yen weakened to around 161.5 per dollar Monday, hovering near its lowest level since 1986 as repeated verbal interventions from Tokyo failed to halt the currency’s decline. USD/JPY pushed beyond 161 on Friday and extended the move into the new week, with the yen having now surrendered all the gains it made on … Read more
The pound slid to a two-month low against the dollar Thursday, trading near $1.33 after the Bank of England held rates as expected but failed to lift sterling in the face of a resurgent greenback. The session concluded a challenging 48 hours for cable, as the currency was initially pressured lower by a hawkish Federal … Read more
The euro extended its slide Thursday, trading near $1.1540 against the dollar and sitting at its lowest level since late March, as the fallout from the most hawkish Federal Reserve signal in years continued to lift the greenback across the board. The pair has been knocked off its perch by a meeting that flipped the … Read more
USD/JPY remains around 160.80, marking the peak level since July 2024, which was attained on Thursday. Japan’s Minoru Kihara cautioned that the government stands prepared to react suitably to fluctuations in currency values at any moment. The US Dollar experienced a decline as safe-haven demand diminished, following a preliminary memorandum of understanding between the US … Read more
AUD/USD advances to approximately 0.7070 during the early Asian session on Wednesday. The RBA maintained the OCR at 4.35% during the June monetary policy meeting on Tuesday. The Federal Reserve is expected to maintain the current interest rates during its meeting on Wednesday. The AUD/USD pair is experiencing modest gains, hovering around 0.7070 in the … Read more
