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GBP/JPY picks up above 213.00 on another suspected Japan intervention
The Pound (GBP) has turned positive on the daily chart against the Japanese Yen (JPY) on Friday, trading at levels a few pips above 213.00 at the time of writing, up from session lows at 211.78 earlier in the day.
Fxstreet
Fri, May 1
Japanese Yen gives back gains against US Dollar, ISM PMI data eyed
The Japanese Yen (JPY) gives up gains recorded in the early European trade against the US Dollar (USD) during the early North American trading session on Friday. The USD/JPY pair rebounds to near 156.55 after sliding to around 155.50, but is still marginally down.
Fxstreet
Fri, May 1
USD/JPY: Intervention buys time as risks persist – MUFG
MUFG’s Derek Halpenny argues that recent Japanese authorities’ action around the 160 level in USD/JPY likely reflects renewed intervention, with the move seen as buying time for the BoJ and government as they face Middle East uncertainty and domestic cost-of-living concerns.Fxstreet
Fri, May 1
EUR/GBP: Confusing picture on BoE communication – ING
ING’s Chris Turner describes Sterling price action as confusing after the Bank of England’s latest communication. While he sees the BoE laying groundwork for a June hike, some investors interpreted the message as dovish, possibly due to oil-driven declines in GBP rates.
Fxstreet
Fri, May 1
EUR/GBP Price Forecast: Euro languishes near eight-month lows at 0.8610
The Euro (EUR) edges up against the British Pound (GBP) on Friday, trading at the 0.8630 area at the time of writing after dropping from Thursday’s highs at 0.8670, but remains dangerously close to the eight-month lows of 0.8610.Fxstreet
Fri, May 1
USD/CHF hesitates above 0.7800 despite weak Swiss Retail Sales data
The US Dollar (USD) remains practically flat against the Swiss Franc (CHF) on Friday, wavering within a few pips above 0.7800, on track for a 0.35% weekly loss after dropping from highs above 0.7900 the previous day.
Fxstreet
Fri, May 1
Australian Dollar trades lower in countdown to RBA’s monetary policy
The Australian Dollar (AUD) trades lower against its major currency peers during the European trading session on Friday. The Australian currency is slightly under pressure as investors turn cautious ahead of the Reserve Bank of Australia’s (RBA) monetary policy announcement on Tuesday.
Fxstreet
Fri, May 1
EUR/USD edges down below 1.1720 lows but holds most of Thursday’s gains
The Euro (EUR) is trading moderately lower against the US Dollar (USD) on Friday, retreating to 1.1719 at the time of writing, down from highs above 1.1740 on Thursday. The pair, however, maintains most of the previous day’s gains, with market volumes thinned on the May 1 labor holiday.Fxstreet
Fri, May 1
NZD/USD weakens below 0.5900 as Iran–US tensions boost US Dollar safe-haven appeal
The NZD/USD pair loses traction to around 0.5890 during the early European session on Thursday. The US Dollar (USD) strengthens against the New Zealand Dollar (NZD) as escalating tensions in the Middle East and a continued blockade of the Strait of Hormuz boost a safe-haven asset.
Fxstreet
Fri, May 1
GBP/USD Price Forecast: Looks prepared for fresh rally towards 1.3720
The GBP/USD pair trades firmly near an over two-month high of around 1.3610 during the European trading session on Friday. The Cable outperforms as the Pound Sterling (GBP) reflects strength, following the Bank of England’s (BoE) monetary policy announcement on Thursday.Fxstreet
Fri, May 1
USD/CAD Price Forecast: Descending 20-day EMA supports more downside
The USD/CAD pair trades with caution near Thursday’s low at around 1.3580 during the late Asian trading session on Friday. The Loonie pair trades weakly as the US Dollar (USD) is broadly under pressure, following Japanese intervention in the forex markets.Fxstreet
Fri, May 1
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