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Japanese Yen: Policy focus after intervention - MUFG
MUFG’s Teppei Ino reviews recent USD/JPY price action following coordinated Japan-US intervention. The pair opened near 157.58, dropped toward 155.20 on official confirmation of joint action, then recovered and traded above 158 by 7 August.
Fxstreet
Wed, Aug 12
Euro trims losses against the British Pound following hot German inflation data
The Euro (EUR) has picked up from session lows against the British Pound (GBP) on Wednesday as hot German inflation figures have partially offset a mild risk-off sentiment, amid flaring tensions in the Middle East.
Fxstreet
Wed, Aug 12
Euro: Upside capped by key resistance against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann report EUR/USD holding near 1.1540 after a quiet session, with momentum indicators mostly flat. Intraday, they expect consolidation between 1.1530 and 1.1560, but a break above 1.1560 could trigger a quick move to 1.1580.
Fxstreet
Wed, Aug 12
EUR/JPY Price Forecast: Steadies near 184.00 amid neutral bias
EUR/JPY moves little for the second successive day, trading around 183.90 during the Asian hours on Wednesday. The currency cross is maintaining a mildly bearish near-term tone as it slips beneath the 50-day Exponential Moving Average (EMA) while holding above the shorter nine-day EMA.
Fxstreet
Wed, Aug 12
Canadian Dollar eases from two-month high as USD preserves weekly gains ahead of US CPI
The USD/CAD pair ticks higher during the Asian session on Wednesday, snapping a three-day losing streak to the 1.3915 area or its lowest level since June 10. Spot prices, however, lack bullish conviction and trade around 1.3930, awaiting the release of the latest US inflation figures.
Fxstreet
Wed, Aug 12
New Zealand Dollar struggles as US Dollar gains on Middle East uncertainty
NZD/USD continues its losing streak for the third consecutive day, trading around 0.5870 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) gains ground on increased safe-haven demand amid rising uncertainty surrounding Middle East peace talks.
Fxstreet
Wed, Aug 12
Australian Dollar slips as US Dollar strengthens amid uncertainty over Fed outlook
AUD/USD depreciates after registering modest gains in the previous day, trading around 0.7060 during the Asian hours on Wednesday. The currency pair loses ground as the US Dollar (USD) rises ahead of a crucial inflation report.Fxstreet
Wed, Aug 12
Japanese Yen slides to two-week low, seems vulnerable as USD stands firm ahead of US CPI
The USD/JPY pair touches a one-and-a-half-week high during the Asian session on Wednesday, with bulls now looking to build on the momentum further beyond mid-159.00s amid a supportive fundamental backdrop.Fxstreet
Wed, Aug 12
GBP/JPY Price Forecast: Struggles at 50-day SMA with bulls near 215.50
The GBP/JPY ended Tuesday’s session unchanged at 215.17 as buyers remained reluctant to test the 50-day Simple Moving Average (SMA) at 215.43, seen as the first resistance level on its way to re-test yearly peaked at around 219.61.
Fxstreet
Tue, Aug 11
Mexican Peso hits 25-month high as Peso eyes 17.00 as US CPI lurks
The Mexican Peso is poised to end Tuesday’s session with solid gains of 0.32% against the US Dollar as money markets await the release of the US July inflation figures, while the USD/MXN trades at 17.08, hitting a fresh 25-month low, a level last seen in June 2024.
Fxstreet
Tue, Aug 11
Euro stalls below 100-day SMA as investors brace for US CPI
The single currency registers minimal losses against the Greenback on Tuesday as traders and market participants prepare for the release of the US Consumer Price Index (CPI) on Wednesday, which could set the path for the future of US monetary policy.Fxstreet
Tue, Aug 11
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