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Japanese Yen: BoJ hawkish hold keeps January hike in focus – Standard Chartered
Standard Chartered’s Chong Hoon Park expects the Bank of Japan to keep its policy rate at 1.25% at the 29-30 October meeting, maintaining a hawkish tone. The bank notes upside inflation risks and firmer Tokyo CPI and PPI data, but highlights weak domestic demand and subdued consumption. December is seen as a live meeting, while January 2027 remains the base case for the next hike.
Fxstreet
Thu, Oct 22
British Pound: Further rebound potential toward 1.3440 against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann highlight that GBP/USD’s recent sharp gains have left the pair consolidating around 1.3395, with scope for a modest intraday rise within 1.3370–1.3415.
Fxstreet
Thu, Oct 22
British Pound: High-carry profile supports Sterling against Euro – ING
ING’s Chris Turner says sterling strength reflects both independent GBP gains and Euro weakness in EUR/GBP. Earlier concerns that Pound gains would fade have eased as markets gain confidence in the Bank of England’s tightening path, with ING expecting 25bp hikes in February and November.
Swiss Franc: Gradual gains toward 0.8200 against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann describe USD/CHF price action as directionless intraday, expecting a 0.8225–0.8260 range as momentum remains muted. On a 1–3 week horizon they retain a bearish bias, looking for a move toward 0.8200 while keeping strong resistance at 0.8275. Their earlier 1–3 month view had anticipated a rebound, but not enough momentum to revisit the July peak at 0.8206.
Fxstreet
Thu, Oct 22
Australian Dollar: Overbought rally eyeing 0.7070 cap against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note AUD/USD has repeatedly exceeded their short-term upside expectations, now trading near 0.7036 with scope for further gains, though momentum is slowing and resistance at 0.7045–0.7070 is expected to cap. Their 1–3 week view turned positive, targeting 0.7070 while lifting strong support to 0.6985, even as a prior 1–3 month view had highlighted downside risks toward 0.6923 and 0.6866.
Fxstreet
Thu, Oct 22
Euro weakens against Canadian Dollar amid higher crude oil prices weigh on EUR/CAD
EUR/CAD extends its losing streak for the third successive day, trading around 1.5750 during European hours on Thursday. The currency cross has depreciated as the commodity-linked Canadian Dollar (CAD) gained strength, driven by a sharp rally in crude oil prices.
Fxstreet
Thu, Oct 22
Indonesian Rupiah: BI measures may slow IDR losses against US Dollar - MUFG
MUFG’s Lloyd Chan notes that Bank Indonesia (BI) kept the BI rate at 5.75% while tweaking its policy mix to support the Indonesian Rupiah (IDR) without broadly tightening financial conditions. The bank cut reserve requirements and enhanced DNDF hedging incentives.Fxstreet
Thu, Oct 22
Turkey Consumer Confidence: 84.8 (October) vs previous 91.9
Fxstreet
Thu, Oct 22
Equities: Tech signals mixed as futures retreat – Danske Bank
Danske Research Team describes Wednesday as a constructive session for global equities, with the S&P 500 and Nasdaq posting gains. However, weaker overnight earnings sentiment, including Meta’s higher spending plans and Tesla’s lower capex guidance, has weighed on futures, with Nasdaq and S&P 500 contracts trading lower alongside a softer Kospi.Fxstreet
Thu, Oct 22
Euro: Range trading consolidation persists against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann report EUR/USD remains stuck in a tight consolidation, with intraday trade expected between 1.1210 and 1.1250 as momentum indicators stay flat. Over the next one to three weeks they see a narrower 1.1170–1.1270 band containing price action. Their medium-term view is that the early-September decline may have bottomed near 1.1112, allowing a corrective recovery above the 21-day EMA at 1.1280.
Fxstreet
Thu, Oct 22
Indonesian Rupiah faces challenges amid higher oil prices, inflationary risks
USD/IDR extends its gains for the second successive day, trading around 18,070 during Asian hours on Thursday. The currency pair has seen upward momentum as the Indonesian Rupiah (IDR) faces pressure from rising global oil prices, which have heightened fiscal concerns for the nation.Fxstreet
Thu, Oct 22
Netherlands, The Consumer Confidence Adj: -34 (October) vs previous -33
Fxstreet
Thu, Oct 22
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