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USD/JPY Price Forecast: Approaches almost two-year high near 160.70
The USD/JPY pair trades marginally higher to near 159.73 during the early European trading session on Tuesday. The pair edges up as the Japanese Yen (JPY) underperforms due to growing concerns regarding whether the Bank of Japan (BoJ) will raise interest rates in the near term.
Fxstreet
Tue, Jun 2
Euro gains traction above 1.1600 ahead of Eurozone HICP inflation release
The EUR/USD pair holds positive ground near 1.1635 during the early European trading hours on Tuesday. Hawkish stance of the European Central Bank (ECB) provides some support to the Euro (EUR) against the US Dollar (USD).
Fxstreet
Tue, Jun 2
Indian Rupee flattens while recovery in oil prices dampens outlook
The Indian Rupee (INR) trades almost flat against the US Dollar (USD) in the opening session on Tuesday. The USD/INR pair flattens around 95.00, while the Indian Rupee’s outlook has become uncertain as oil prices have bounced back due to fresh concerns over the United States (US)-Iran deal.
Fxstreet
Tue, Jun 2
AUD/JPY Price Forecast: Strengthens above 114.00, bullish bias holds above key technical support
The AUD/JPY cross trades in positive territory around 114.35 during the early European session on Tuesday. Traders will closely monitor the developments surrounding the Middle East ceasefire amid mixed signals from US President Donald Trump.
Fxstreet
Tue, Jun 2
New Zealand Dollar remains depressed against firmer USD; hawkish RBNZ limits losses
The NZD/USD pair trades with a negative bias for the second straight day, albeit it lacks bearish conviction and holds above the previous day's swing low. Spot prices currently trade near the 0.5925-0.5920 region, down around 0.15% for the day on the back of a modest US Dollar (USD) strength.
Fxstreet
Tue, Jun 2
Australian Dollar softens to near 0.7150 as Middle East tensions rise
The AUD/USD pair loses ground to near 0.7155 during the Asian trading hours on Tuesday, pressured by broader geopolitical uncertainties. Traders await Middle East ceasefire developments and key economic data from both Australia and the United States (US).
Fxstreet
Tue, Jun 2
British Pound nudges higher as traders await progress on Middle East peace talks
The GBP/USD pair trades in positive territory around 1.3460 during the Asian trading hours on Tuesday. However, renewed tensions in the Middle East might cap the upside for the major pair as Iran has reportedly withdrawn from negotiations with the US.Fxstreet
Tue, Jun 2
Euro posts modest gains above 1.1600, Middle East tensions curb upside
The EUR/USD pair posts modest gains around 1.1635 during the early Asian session on Tuesday. Nonetheless, the potential upside might be limited, as Iran announced a halt to US negotiations and a full closure of the Strait of Hormuz, which could prompt risk-off sentiment.Fxstreet
Tue, Jun 2
New Zealand Dollar rides the RBNZ hawks into a payrolls week
The New Zealand Dollar (NZD) is in an odd spot: it has one of the few central banks in the developed world openly leaning toward higher rates, yet it still spent Monday on the back foot, down close to 1% on the day. That tells you most of what you need to know about whose week this is.Fxstreet
Mon, Jun 1
Japanese Yen drifts back to the intervention line, daring Tokyo to act
The Japanese Yen (JPY) keeps doing the one thing Tokyo least wants: drifting weaker into the zone where intervention becomes a live question. USD/JPY firmed back above 159.50 and pressed toward the 160.00 handle on Monday, the same threshold that triggered official Yen-buying at the end of April.Fxstreet
Mon, Jun 1
Forex Today: US Dollar gains ground after strong Manufacturing data as US-Iran tensions persist
The US Dollar Index (DXY) rises toward the 99.20 region on Monday after stronger-than-expected US manufacturing data reinforced confidence in the resilience of the United States (US) economy.Fxstreet
Mon, Jun 1
Canadian Dollar falls against the US Dollar as markets remain cautious over Iran tensions
The Canadian Dollar (CAD) trades on the back foot against the US Dollar (USD) on Monday as renewed tensions in the Middle East lift the Greenback. At the time of writing, USD/CAD trades around 1.3834, up nearly 0.27% on the day.Fxstreet
Mon, Jun 1
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