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Japanese Yen: Edges lower toward 160.75 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann keep a constructive view on USD/JPY, noting mild but persistent upward momentum. Intraday, they see scope for a test of 160.75 while capping the topside at 161.00.
Fxstreet
Thu, Jun 11
USD/JPY Price Forecast: Hovers near previous intervention levels at around 160.50
The USD/JPY pair trades flat at around 160.50 during the European trading session on Thursday. The pair consolidates amid caution that Tokyo could intervene in forex markets to support the Japanese Yen (JPY).Fxstreet
Thu, Jun 11
British Pound: Range trading against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann see GBP/USD consolidating after a brief push above 1.3420 failed to gain traction. Intraday, they expect any pullback to stay within 1.3330–1.3395 and not break clearly below 1.3330.
Fxstreet
Thu, Jun 11
New Zealand Dollar softens below 0.5800 ahead of US PPI release
The NZD/USD pair loses traction to near 0.5795 during the early European trading hours on Thursday. Renewed skirmishes between the United States (US) and Iran undermine the New Zealand Dollar (NZD) against the US Dollar (USD).
Fxstreet
Thu, Jun 11
Euro: ECB outlook limits upside against US Dollar – Commerzbank
Commerzbank’s Michael Pfister expects the European Central Bank (ECB) to deliver its first rate hike in months, but notes this is already priced into EUR/USD. He doubts President Lagarde will pre-commit to multiple hikes and highlights cooling Oil prices and softer inflation expectations.Fxstreet
Thu, Jun 11
AUD/USD Price Forecast: Finds support below 61.8% Fibo retracement at 0.7000
The AUD/USD pair trades 0.14% higher to near 0.7007 during the European trading session on Thursday. The Aussie pair gains as the US Dollar (USD) ticks lower after the release of the softer monthly United States (US) Consumer Price Index (CPI) data for May.Fxstreet
Thu, Jun 11
GBP/USD Price Forecast: Eyes 1.3400 amid modest USD weakness; remains below weekly top
The GBP/USD pair attracts some dip-buyers during the Asian session on Tuesday and stalls the previous day's pullback from the 1.3425 region, or the weekly high. Spot prices currently trade around the 1.3385 zone, up just over 0.10% for the day, though the upside potential seems limited.Fxstreet
Thu, Jun 11
Indian Rupee slumps as oil price surges amid fears of US-Iran ceasefire collapse
The Indian Rupee (INR) tumbles at open against the US Dollar (USD) on Thursday, with the USD/INR pair rising to near 95.65. The pair gains as a sharp recovery in oil prices due to fears surrounding the collapse of the ceasefire between the United States (US) and Iran has weakened the Indian Rupee.Fxstreet
Thu, Jun 11
Japanese Yen moves little after reaching six-week lows
USD/JPY remains flat after two days of gains, trading around 160.50 during the Asian hours. The pair moves little after reaching a six-week high of 160.56 during earlier hours on Thursday, which could be attributed to possible foreign-exchange intervention by Japanese authorities.Fxstreet
Thu, Jun 11
Swiss Franc strengthens as US Dollar struggles despite increased risk aversion
USD/CHF depreciates after four days of gains, trading around 0.7990 during the Asian hours on Thursday. However, the downside of the pair could be restrained as the US Dollar (USD) may regain its ground amid rising safe-haven demand due to ongoing Middle East conflict.
Fxstreet
Thu, Jun 11
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