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Indian Rupee: Carry appeal capped by Oil risk – BNY
BNY's Geoff Yu notes that India’s central bank (RBI) has stepped in to support the Indian Rupee (INR) as rising energy costs threaten external balances and FX volatility. iFlow shows INR is currently underheld versus earlier in the year.Fxstreet
Wed, Jul 22
Japanese Yen: Hawkish BoJ signals versus Fed risk – Rabobank
Rabobank’s Senior FX Strategist Jane Foley discusses Japanese Yen (JPY) prospects, focusing on USD/JPY. Foley highlight that intervention by the Ministry of Finance (MoF) alone is unlikely to change the pair’s direction without improved Japanese fundamentals.
Fxstreet
Wed, Jul 22
Euro holds near five-week highs against Yen despite BoJ tightening rumours
The Euro (EUR) reversed earlier gains against the Japanese Yen (JPY) on Wednesday, following hawkish comments by Bank of Japan’s (BoJ) policymakers. The pair, however, remains a few pips below 186.00 at the time of writing, with the five-week high of 186.19 at a short distance.
British Pound sticks to post-UK inflation losses as faster BoJ rate hike bets lift JPY
The GBP/JPY cross attracts some intraday sellers on Wednesday and slides below the 218.00 mark during the first half of the European session. Spot prices remain, however, confined within the previous day's broader range amid the supportive fundamental backdrop.
Fxstreet
Wed, Jul 22
GBP/USD Price Forecast: Remains below 50-day EMA near the confluence of 1.3400
GBP/USD remains steady after four days of losses, trading around 1.3370 during the European hours on Wednesday. The pair is holding a mildly bearish near‑term bias as spot remains capped beneath the 50‑day and nine-day Exponential Moving Averages (EMAs).
Fxstreet
Wed, Jul 22
Euro remains stuck near 1.1400 amid rising tensions in Iran, higher Oil prices
The Euro’s (EUR) modest upside attempt against the US Dollar (USD) witnessed during Wednesday’s Asian session has been short-lived. The EUR/USD pair was capped below 1.1420, before pulling back to levels a few pips above 1.1400 during the European trading session.Fxstreet
Wed, Jul 22
Japanese Yen: Weakness persists as BoJ hike talk grows – MUFG
MUFG’s Derek Halpenny highlights persistent Japanese Yen weakness as USD/JPY trades at levels last seen in 1986, with low volatility undermining the Ministry of Finance’s case for intervention. He notes limited contagion in Japanese bonds but rising inflation and political pressure.Fxstreet
Wed, Jul 22
Japanese Yen gains strongly on hopes of BoJ aggressive tightening cycle
The Japanese Yen (JPY) attracts significant bids against its major currency peers during the European trading session on Wednesday. The USD/JPY pair falls vertically to near 162.65, but quickly recovers some losses and rebounds to around 162.90.Fxstreet
Wed, Jul 22
British Pound: Inflation trend supports softer Sterling – ING
ING’s Chris Turner relays UK economist James Smith’s view that underlying United Kingdom (UK) inflation is moving in the right direction despite slightly higher core data. Falling food and petrol prices and softer core services inflation suggest domestically generated inflation is benign.
USD/CAD Price Forecast: Consolidates near 1.4100 as bulls await 200-SMA breakout on H4
The USD/CAD pair remains on the back foot through the early European session on Wednesday and, for now, seems to have stalled this week's goodish rebound from the 1.4000 psychological mark, or over a one-month low.Fxstreet
Wed, Jul 22
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