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Yen Faces Largest Weekly Drop in a Year, Raising Prospects of Government Intervention
TradingKey - On Friday, October 10th, the USD/JPY exchange rate hovered around 153, maintaining its highest level in eight months, with intraday peaks hitting 153.27. The yen has depreciated nearly 4% this week, likely marking the largest weekly drop since October last year.
TradingKey
Fri, Oct 10
EUR/CAD snaps four-day losing streak ahead of Canadian employment data
The EUR/CAD pair snaps its four-day losing streak and trades 0.13% higher to near 1.6240 during the European trading session on Friday. The cross gains as the Euro (EUR) outperforms its peers after remaining under pressure this week.
Fxstreet
Fri, Oct 10
EUR/JPY Price Forecast: Moves below 177.00 with exiting overbought zone
EUR/JPY loses ground for the second successive session, trading around 176.70 during the European hours on Friday. The technical analysis of the daily chart indicates that short-term price momentum is stronger as the currency cross remains above the nine-day Exponential Moving Average (EMA).
Fxstreet
Fri, Oct 10
Silver Price Forecast: Bullish outlook remains in play near $50.00
Silver price (XAG/USD) jumps to near $49.95 during the early European session on Friday. The white metal attracts some buyers amid the ongoing US government shutdown, uncertainty and the prospect of a US interest rate cut.
Fxstreet
Fri, Oct 10
USD/CAD Price Forecast: Targets six-month highs near 1.4050 as bullish bias prevails
USD/CAD continues to gain ground for the fourth successive day, trading around 1.4030 during the early European hours on Friday. The technical analysis of the daily chart indicates a prevailing bullish bias as the pair is moving upwards within the ascending channel pattern.
Fxstreet
Fri, Oct 10
NZD/USD remains subdued around 0.5750 following Business NZ PMI release
NZD/USD remains weaker for the fourth successive session, trading around 0.5750 during the Asian hours on Friday. The pair holds losses following September’s Business NZ Performance of Manufacturing Index (PMI), which held steady at 49.9, remaining in contraction.
Fxstreet
Fri, Oct 10
Is the Dollar Bottoming Out? Overdone Rate Cut Bets Leave Dollar Bears Vulnerable
TradingKey - The “weak dollar” trade dominated foreign exchange markets in early 2025, with investors heavily betting on a declining U.S. dollar. But after the Federal Reserve delivered its first rate cut in September, that consensus has begun to crack. The Dollar Index (DXY), which fell over 10% in
GBP/JP retreats further from YTD peak as verbal intervention aids JPY; holds above 203.00
The GBP/JPY cross attracts some follow-through selling for the second consecutive day on Friday and retreats further from its highest level since July 2024, around the 205.30 region touched earlier this week. Spot prices currently trade around the 203.25 area, down 0.20% for the day, though remain oFxstreet
Fri, Oct 10
Yen set for sharpest weekly fall in a year, euro at two-month lows on political worries
Takaichi's fiscal policies and BOJ rate hike wagers in focus Verbal jawboning helps yen find some supportFrench political quagmire leaves euro at two-month lowsU.S. dollar on pace for best week in a year By Ankur Banerjee SINGAPORE, Oct 10 (Reuters) - The yen steadied on Friday but was se...Reuters
Fri, Oct 10
USD/INR remains sideways as RBI continues to defend Indian Rupee
The Indian Rupee (INR) opens in its two-week-long usual range of against the US Dollar (USD) on Friday. The USD/INR pair continues to wobble near its all-time low border as the Reserve Bank of India (RBI) keeps supporting the Indian Rupee from further depreciation against the US Dollar.Fxstreet
Fri, Oct 10
Japan may intervene if yen dives toward 160 per dollar, ex-BOJ official says
Yen on course for steepest weekly drop in a year on Takaichi winNarrowing U.S.-Japan rate gap to underpin yen, for nowJapan's new party head Takaichi says 'pros and cons' to weak yenYen falls may speed up if Takaichi appears sanguine on weak yenBy Leika Kihara TOKYO, Oct 10 (Reuters) ...Reuters
Fri, Oct 10
Japan concerned about rapid, one-sided yen moves, finance minister says
TOKYO, Oct 10 (Reuters) - Japanese Finance Minister Katsunobu Kato said on Friday that the government was concerned about excessive volatility in the foreign exchange market as the yen came under pressure due to fiscal concerns.Reuters
Fri, Oct 10
USD/CAD stays above 1.4000 near six-month highs as Oil prices drop
USD/CAD moves little after reaching a six-month high of 1.4033 in the previous session, trading around 1.4020 during the Asian hours on Friday. The pair gained around 0.5% on Thursday as the commodity-linked Canadian Dollar (CAD) faced challenges amid lower crude Oil prices.Fxstreet
Fri, Oct 10
