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USD/JPY recovery stalls below 157.00 as intervention risks linger
The US Dollar (USD) trades moderately lower against the Japanese Yen (JPY) on Friday, on track to close the week practically flat, as Japanese authorities’ warnings about further interventions keep Yen sellers on their toes.
Fxstreet
Fri, May 8
GBP/USD Price Forecast: Needs to stabilize above 1.3600 for fresh rally
The GBP/USD pair trades 0.25% higher to near 1.3590 during the European trading session on Friday. The Cable reflects strength as the Pound Sterling (GBP) outperforms its major currency peers, except antipodeans, amid a revived risk-on rally.
Fxstreet
Fri, May 8
EUR/JPY holds gains above 184.00 on risk-on sentiment, ECB rate hike prospects
The EUR/JPY cross gains traction to around 184.15 during the early European trading hours on Friday. The Euro (EUR) edges higher against the Japanese Yen (JPY) amid improved risk sentiment and hawkish signals from the European Central Bank (ECB).
Fxstreet
Fri, May 8
AUD/USD Price Forecast: Rebounds toward 0.7250 near four-year highs
AUD/USD pares its recent losses from the previous day, trading around 0.7220 during the Asian hours on Friday. The technical analysis of the daily chart indicates that the pair is moving upwards within the ascending channel, suggesting an ongoing bullish bias.
Fxstreet
Fri, May 8
Canada Unemployment Rate set to remain unchanged in April
Statistics Canada will release its Labour Force Survey on Friday, and markets are bracing for quite a steady print. The Unemployment Rate is expected to remain at 6.7% in April, while the Employment Change is forecast to increase by 15K following a 14.1K gain in the previous month.
Fxstreet
Fri, May 8
USD/CAD Price Forecast: Eases from one-week top; trades near 1.3650 ahead of jobs data
The USD/CAD pair struggles to build on its gains registered over the past two days and trades with a mild negative bias during the Asian session on Friday. Spot prices, however, hold above mid-1.3600s and remain close to a one-week top ahead of crucial employment details from the US and Canada.Fxstreet
Fri, May 8
NZD/USD rises to near 0.5950 as risk-on mood supports New Zealand Dollar
NZD/USD appreciates after registering modest losses in the previous day, trading around 0.5940 during the Asian hours on Friday. The pair holds gains as the New Zealand Dollar (NZD) receives support from improving market sentiment driven by the de-escalation of renewed tensions in the Middle East.
Fxstreet
Fri, May 8
USD/CHF stays above 0.7800 as US Dollar steadies on market caution
USD/CHF holds gains for the second successive day, trading around 0.7810 during the Asian hours on Friday. The pair remains stronger as the US Dollar (USD) holds firm following modest gains recorded in the previous session.
Fxstreet
Fri, May 8
AUD/JPY Price Forecast: Advances on improved risk sentiment, holds bullish bias above 100-day EMA
The AUD/JPY cross trades in positive territory around 113.20 during the early European session on Friday. A potential truce between the United States (US) and Iran improves risk sentiment, supporting the Australian Dollar (AUD) against the Japanese Yen (JPY).
Fxstreet
Fri, May 8
Japanese Yen gathers strength as Japan intervened in FX market again
The USD/JPY pair loses ground to around 156.85 during the Asian session on Friday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) following another intervention by Japanese authorities. Markets might turn cautious later on Friday ahead of the US April employment report.Fxstreet
Fri, May 8
Pound Sterling nudges higher on Iran truce optimism ahead of US jobs data
The GBP/USD pair posts modest gains around 1.3560 during the Asian trading hours on Friday. Hopes for a peace deal to end the Middle East conflict weaken the US Dollar (USD) as a safe-haven asset. The US April employment data will take center stage later on Friday.Fxstreet
Fri, May 8
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