USD/JPY Price Forecast: Hammer teases rebound after 650-pip slide
The USD/JPY continued to fall for the second straight day, losing 0.40%, but found support around 153.00, with the pair set to end the session at around 153.75.
FX
United States: Core inflation stays contained as goods soften – TD Securities
TD Securities economists Oscar Munoz, Eli Nir, Gennadiy Goldberg and Molly Brooks expect August Core CPI to rise 0.19% m/m, with services driving gains and core goods offsetting. They project Core CPI at 2.3% y/y and He…
The Pound sits still through a hawkish hearing and the priciest gilt sale
GBP/USD trades just under 1.3550 after a session that spanned 40 pips and returned two-tenths of a pip. The Bank of England (BoE) sent four Monetary Policy Committee (MPC) members to the Treasury Committee on Tuesday af…
Forex Today: China’s inflation looms as Lagarde tees up ECB decision
Forex markets have remained subdued since the beginning of the week, with the US Dollar (USD) holding near 99.00 on Tuesday, as depicted by the US Dollar Index (DXY). Geopolitical developments in the Middle East, a jump…
Mexican Peso flatlines as traders brace for Mexico’s fiscal package
The Mexican Peso (MXN) remains unchanged against the US Dollar (USD) on Tuesday as market participants await the release of Mexico’s Fiscal package, which will be delivered to the Mexican Congress for approval. At the t…
British Pound: Short term bias tilts higher against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann note GBP/USD edged higher to around 1.3545, with no significant build-up in momentum but a modest upside tilt toward 1.3565 in the near term. They stress that major resistance at 1.3…
Chinese Yuan: PBoC fix slows downside pace – OCBC
OCBC’s Christopher Wong reports USD/CNH briefly fell to its lowest level since February 2023 before rebounding after the PBoC set a higher-than-expected daily fix. Wong argues policymakers are leaning against the pace, …
Dollar slips ahead of key inflation data this week, yen hits over seven-month high
The US dollar spiked to the upside on Friday after the US NFP report showed job growth in August almost tripling the consensus estimate of 56K. The dollar gains didn’t last long, though, as most of the NFP-driven moves …
Colombian Peso: Downside risk bias against US Dollar – TD Securities
TD Securities notes that the Colombian Peso (COP) has been a top high-yield performer but sees its supportive mix of tight monetary and loose fiscal policy fading. With Banco de la República’s (BanRep) hiking cycle near…
British Pound edges higher as Bailey calms recession fears
The Pound Sterling (GBP) registers modest gains of over 0.08% on Tuesday as Bank of England (BoE) policymakers testify before the UK Treasury Select Committee, while a light economic docket in the US keeps the Greenback…
Canadian Dollar trims gains as risk aversion supports US Dollar despite higher Oil prices
USD/CAD rebounds on Tuesday after hitting an intraday low of 1.3760 and trades around 1.3790 at the time of writing, down 0.18% on the day. The Canadian Dollar (CAD) retains part of its gains against the US Dollar (USD)…
Canadian dollar strengthens as oil rally offsets trade and Fed concerns
The Loonie gains some traction versus the Greenback, while the latter posts modest losses, as US and Canadian financial markets remain closed in observance of Labour Day. Nevertheless, the USD/CAD edges lower by some 0.…
The Japanese Yen spikes and unwinds on the best pay data in decades
USD/JPY holds just below 154.50, unchanged on the day after a 153-pip round trip. The pair traded well over a Yen lower on the strongest Japanese pay data since 1997 and has bought back all of it. Nothing about the wage…
NY Fed Survey of Consumers shows inflation relief, jobs-market unease
The New York Federal Reserve (Fed) released on Tuesday the August Survey of Consumer Expectations, in which households' inflation expectations dipped in the medium term, while expectations about the labor market remaine…
Dow Jones Industrial Average is paying for a sixth day of Crude Oil
The Dow Jones Industrial Average trades near 52,900, roughly 190 points lower, in the first session since Friday. Crude Oil has risen for six days running and the two-year Treasury yield sits at its highest since Januar…
The Euro's rate hike does not come with a gas cargo
EUR/USD holds above 1.1600 on Tuesday after a session that has covered 28 pips and left the pair half a pip from where it opened. European gas hit a three-year high on the same clock, and the European Central Bank (ECB)…
Citi expects BOJ rate hike to 1.25%, says political votes and Fed hold key to yen
When the Bank of Japan's Policy Board wraps its two-day meeting on July 31, markets will almost certainly get the rate hold they have priced in. What they are watching for is something else entirely: the specific langua…
Japanese Yen: Momentum builds below 155 against US Dollar - MUFG
MUFG’s Teppei Ino notes that USD/JPY has fallen below the bank’s 155 forecast floor, briefly trading under 154.50 and testing key Fibonacci retracement levels. The report highlights a confluence of Japan-specific factor…
Mexican Peso: Support from real rates and US talks – Commerzbank
Michael Pfister at Commerzbank highlights that the Mexican Peso has strengthened, with USD/MXN back below 17, helped by a weaker Dollar and Mexico’s strong performance among major currencies. He cites better-than-expect…
Treasury yields hold near multi-year highs after hot jobs report and oil surge
Surging oil prices, a CPI spike not seen in three years, and Treasury yields at levels last touched in 2007 are forcing a September rate decision that could reshape which stocks lead the market through the rest of 2026.
USD/JPY: Fight the Yen at Your Own Risk
EUR/USD: September Fed hike delays dollar drop • It is a close call, but after Kevin Warsh’s hawkish speech at Jackson Hole, we now see a 25bp Fed hike to 4.00% on 16 September. The baseline view then assumes unchanged …
Australian Dollar corrects against US Dollar, US CPI takes centre stage
The Australian Dollar (AUD) is down 0.13% to near 0.7210 against the US Dollar (USD) during the European trading session on Tuesday. The Aussie pair comes under pressure as the US Dollar turns positive after a weak star…
British Pound: Seen weakening against Euro on hawkish BoE pricing – ING
ING strategist Francesco Pesole reports that Sterling gained modestly, helped by Chancellor John Healey’s first major speech stressing fiscal discipline and keeping long-end gilt moves aligned with global bond selling. …
FX Daily: USD/JPY Finally Breaks 155
The immediate catalyst for the latest sharp decline remains difficult to identify with precision, but the broader story behind the yen has changed noticeably since the middle of last week, and several forces are now pul…