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Japanese Yen: Intervention risks rise near 160 with BoJ in focus – DBS
DBS Group Research’s Philip Wee highlights that USD/JPY is again trading near 160, keeping markets wary of potential Japanese authorities’ intervention and a possible 25 bps rate hike by the Bank of Japan (BoJ) to 1% at its June meeting.
Fxstreet
Tue, Jun 2
USD/JPY Price Forecast: Sits near one-month high, below 160.00 intervention threshold
The USD/JPY pair extends its sideways consolidative price move through the first half of the European session on Tuesday and currently trades around the 159.70-159.75 region, or over a one-month top.Fxstreet
Tue, Jun 2
NZD/USD Price Forecast: Kiwi hesitates around 0.5930 with risk appetite subdued
The New Zealand Dollar (NZD) is going through a nervous consolidation against the US Dollar (USD) on Tuesday. The pair is looking for direction around 0.5930, following a reversal from 0.6000 on Monday, as investors remain wary of risk, awaiting developments in the Middle East conflict.
Fxstreet
Tue, Jun 2
USD/CAD Price Forecast: Seeks trigger for fresh leg of rally above 1.3870
The USD/CAD pair trades subduedly at around 1.3836 during the European trading session on Tuesday. The Loonie pair ticks lower as the US Dollar (USD) faces selling pressure despite uncertainty regarding whether the United States (US) and Iran will reach a deal soon.
Fxstreet
Tue, Jun 2
Japanese Yen: Stays weak against dollar, losses capped below 159.95 – UOB
UOB’s Quek Ser Leang and Lee Sue Ann notes USD/JPY climbed to 159.76 on Monday, closing at 159.65 with firmer upward momentum. Intraday, they see room for further gains but doubt a clear break above 159.95, with support at 159.55 and 159.40.Fxstreet
Tue, Jun 2
Swiss Franc pares losses following a steady Swiss trade surplus in April
The Swiss Franc (CHF) is picking up against the US Dollar on Tuesday, trimming Monday’s losses amid a moderate improvement in market sentiment and steady Swiss Trade Balance figures. The USD/CHF pair trades at the 0.7850 area at the time of writing, down from 0.7884 highs in the previous day.
Fxstreet
Tue, Jun 2
Silver Price Forecasts: XAG/USD hits highs near $77 amid a moderate risk appetite
Silver (XAG/USD) appreciates on Tuesday, retracing losses from the previous two trading days and reaching session highs near $77.00. News of a ceasefire in Lebanon has lifted market sentiment, although it remains fragile amid conflicting messages from Iran’s conflict.
Fxstreet
Tue, Jun 2
Euro holds steady against British Pound as traders await Eurozone HICP data
The EUR/GBP cross trades on a flat note around 0.8645 during the early European trading hours on Tuesday. Traders prefer to wait on the sidelines ahead of the preliminary reading of the Harmonized Index of Consumer Prices (HICP) from the Eurozone, which will be published later on Tuesday.
Fxstreet
Tue, Jun 2
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