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USD/JPY Price Forecast: Eyes 40-year highs near 163.00 after breaking above nine-day EMA
USD/JPY gains ground for the second successive day, trading around 162.20 during the early European hours on Monday. The currency pair is maintaining a bullish near-term bias as it holds comfortably above both the nine-day and 50-day Exponential Moving Averages (EMAs).
Fxstreet
Mon, Jul 6
Japanese Yen: Intervention risks shape Dollar pullback – MUFG
MUFG’s Teppei Ino reviews recent USD/JPY price action, noting the pair opened near 161.78 and briefly tested the 162.84 area before reversing. The report highlights Dollar weakness after comments from Fed Chair Kevin Warsh and a softer US employment report.Fxstreet
Mon, Jul 6
GBP/USD Price Forecast: Pound dips below 1.3350 with bullish momentum losing steam
The British Pound (GBP) ticks lower against the US Dollar (USD) Monday, attempting to close a seven-day rally, as tensions rise again in the Strait of Hormuz, one of the critical points in the peace process between Washington and Tehran.
Fxstreet
Mon, Jul 6
Swiss Franc declines as US Dollar rebounds, eyes on US Services PMI
The Swiss Franc (CHF) faces selling pressure against the US Dollar (USD) at the start of the week. The USD/CHF pair is down 0.25% to near 0.8055 during the European trading session as the US Dollar rebounds despite traders reconsidering Federal Reserve (Fed) interest rate hike expectations.
Fxstreet
Mon, Jul 6
British Pound: Overbought rally still eyeing 1.3410 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang notes GBP/USD remains elevated after last week’s surge, with scope for a modest pullback confined to 1.3320–1.3375 intraday and limited risk of a clear break below 1.3320.Fxstreet
Mon, Jul 6
EUR/USD Price Forecast: 20-day EMA acts as key barrier near 1.1460
The EUR/USD pair trades marginally lower to near 1.1428 during the early European trading session on Monday. The major currency pair faces slight selling pressure as the US Dollar (USD) gains ground after a negative weekly close.Fxstreet
Mon, Jul 6
Japanese Yen declines towards 162.00 vs USD as carry trades counter intervention risks
The USD/JPY pair builds on its goodish recovery from the 160.50-160.45 region, or over a two-week low touched on Friday, and gains strong follow-through traction for the second straight day on Monday.Fxstreet
Mon, Jul 6
EUR/JPY Price Forecast: Tests 185.00 after breaking above moving averages
EUR/JPY gains ground for the second successive day, trading around 185.00 during the Asian hours on Monday. The currency cross holds a constructive near-term bias as it trades above the nine-period and 50-period Exponential Moving Averages (EMAs).
Fxstreet
Mon, Jul 6
AUD/USD Price Forecast: Retreats from 38.2% Fibo. hurdle; holds above 0.6900
The AUD/USD pair meets with a fresh supply during the Asian session on Monday and, for now, seems to have snapped a two-day winning streak to the 0.6950 region, or a one-and-a-half-week high touched on Friday.
Fxstreet
Mon, Jul 6
New Zealand Dollar declines as NZIER splits on July decision
NZD/USD depreciates after two days of gains, trading around 0.5690 during the Asian hours on Monday. The pair loses ground as the New Zealand Dollar (NZD) weakens following the ANZ World Commodity Price Index, which fell 1.0% in June as easing Middle East tensions and lower oil prices weighed.
Fxstreet
Mon, Jul 6
Japanese Yen weakens under high import costs despite JGB yield hitting 30-year highs
USD/JPY extends its gains for the second successive day, trading around 161.70 during the Asian hours on Monday. The Japanese Yen (JPY) is caught in a high-stakes tug-of-war, buckling under surging import costs even as 10-year JGB yields hit a fresh 30-year high of 2.79%.Fxstreet
Mon, Jul 6
Euro consolidates below mid-1.1400s as Hormuz risks support safe-haven USD
The EUR/USD pair kicks off the new week on a subdued note and oscillates in a narrow band below mid-1.1400s during the Asian session. Spot prices, however, remain within striking distance of a nearly two-week high, touched last Thursday, amid mixed fundamental cues.Fxstreet
Mon, Jul 6
Australian Dollar declines following TD-MI Inflation Gauge data
AUD/USD declines after two days of gains, trading around 0.6930 during the Asian hours on Monday. The currency pair loses ground following the release of TD-MI Inflation Gauge data, which came in at -0.4% month-over-month, against the -0.3% prior.Fxstreet
Mon, Jul 6
Japanese Yen holds steady amid US Independence Day holiday
The USD/JPY pair posts modest gains on Friday amid thin trading due to the US Independence Day holiday. The US Dollar (USD) stabilizes against the Japanese Yen (JPY) after a sharp decline on Thursday following softer-than-expected United States (US) labor market data.Fxstreet
Fri, Jul 3
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