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EUR/JPY Price Forecast: Euro holds above 183.75 with bearish pressure mounting
The Euro (EUR) accelerated its decline against a strong Japanese Yen (JPY), which has rallied across the board on Thursday, without any clear reason to explain the move.
EUR/JPY
Fxstreet
Thu, Jul 2
Japanese Yen: Intervention uncertainty reshapes carry trades – BNY
BNY’s Geoff Yu notes that iFlow data show clients turning underweight Japanese Yen (JPY) for the first time since Q4 2024, as USD/JPY’s climb and intervention fears had kept hedge ratios low.
USD/JPY
Fxstreet
Thu, Jul 2
New Zealand Dollar strengthens against USD on weak US data ahead NFP
NZD/USD trades higher around 0.5680 on Thursday at the time of writing, up 0.16% on the day, as investors reduce their exposure to the US Dollar (USD) ahead of the release of the US Nonfarm Payrolls (NFP) report.
NZD/USD
Fxstreet
Thu, Jul 2
EUR/USD Price Forecasts: Nears weekly top at 1.1435 with bearish momentum easing
The Euro (EUR) trades higher on Thursday against the US Dollar (USD) as traders trim USD longs ahead of the US Nonfarm Payrolls report, due later on the day.
EUR/USD
Fxstreet
Thu, Jul 2
British Pound surges against US Dollar ahead of US NFP data
The British Pound (GBP) trades 0.5% higher to near 1.3340 against the US Dollar (USD) during the European trading session on Thursday.
GBP/USD
Fxstreet
Thu, Jul 2
Euro weakens vs British Pound as softer Eurozone inflation, divided ECB weigh
EUR/GBP trades around 0.8550 on Thursday, down 0.21% on the day, as the Euro (EUR) remains under pressure against the British Pound (GBP) after another batch of data reinforced expectations of a more cautious European Central Bank (ECB).
EUR/GBP
Fxstreet
Thu, Jul 2
USD/JPY Price Forecast: Dollar finds support at previous resistance area around 161.00
The Japanese Yen (JPY) staged a sharp rebound against the US Dollar (USD) on Friday, raising speculation about potential action by the Japanese Ministry of Finance (MoF).
USD/JPY
Fxstreet
Thu, Jul 2
Indian Rupee: State-bank selling caps gains – Societe Generale
Societe Generale highlights that state-controlled banks in India have been actively selling Dollars for a second day after USD/INR briefly moved above its 50-day moving average.
Gold
Fxstreet
Thu, Jul 2
Japanese Yen: Inflation signals strengthen – Commerzbank
Volkmar Baur at Commerzbank highlights solid Japanese activity data, with the manufacturing PMI at 54.8 and the Tankan business conditions index at its highest since 2003.
USD/JPY
Fxstreet
Thu, Jul 2
British Pound: Sterling gains strength against Euro – Societe Generale
Societe Generale strategists highlight that EUR/GBP has completed a Head and Shoulders pattern and broken below its neckline around 0.8610, now seen as initial resistance.
GBP/USD
EUR/GBP
Fxstreet
Thu, Jul 2
Eurozone Unemployment Rate came in at 6.2%, below expectations (6.3%) in May
Eurozone Unemployment Rate came in at 6.2%, below expectations (6.3%) in May
EUR/USD
Fxstreet
Thu, Jul 2
Canadian Dollar rises as US Dollar holds losses ahead of US NFP data
USD/CAD has lost its recent gains from the previous day, trading around 1.4190 during the European hours on Thursday. Traders adopt a cautious stance ahead of the highly anticipated June Nonfarm Payrolls (NFP) report.
USD/CAD
Brent
Fxstreet
Thu, Jul 2
Euro: Fed story caps upside against US Dollar – ING
Chris Turner at ING highlights softer Eurozone inflation and questions over a September ECB hike, with 15bp still priced but subsidies expiry possibly lifting prices later.
EUR/USD
Fxstreet
Thu, Jul 2
Australian Dollar licks its wounds around 0.6900 awaiting US Nonfarm Payrolls data
The Australian Dollar (AUD) remains practically flat against the US Dollar (USD) on Thursday, consolidating losses after having depreciated nearly 4% in June. The AUD/USD pair is trading within a broadly 65-pip range, with downside attempts contained at 0.6865 and bulls limited below 0.6930 so far.
AUD/USD
Fxstreet
Thu, Jul 2
Euro climbs further beyond 1.1400 as USD weakens ahead of US NFP report
The EUR/USD pair builds on its intraday ascent and reclaims the 1.1400 mark during the early part of the European session on Thursday, reversing a major part of the overnight losses to the weekly low.
EUR/USD
Fxstreet
Thu, Jul 2
Forex Today: Japanese Yen experiences strong volatility, markets await US NFP data
Here is what you need to know on Thursday, July 2:
Fxstreet
Thu, Jul 2
Brazil Fipe's IPC Inflation: 0.18% (June) vs previous 0.45%
Brazil Fipe's IPC Inflation: 0.18% (June) vs previous 0.45%
Fxstreet
Thu, Jul 2
Euro tumbles against Japanese Yen on suspected Japan’s intervention
The Euro (EUR) is down almost 0.5% to near 184.00 against the Japanese Yen (JPY) during the European trading session on Thursday. The EUR/JPY pair slumps as the Japanese Yen (JPY) delivers a sudden strong upside move, which appears to be the outcome of Japan’s intervention.
EUR/JPY
Fxstreet
Thu, Jul 2
British Pound spikes down agains Yen triggering intervention concerns
The British Pound (GBP) has spiked lower against the Yen (JPY) in Thursday’s early European session, with no clear reason to explain the move, triggering speculation of some action by the Japanese Ministry of Finance.
GBP/JPY
Fxstreet
Thu, Jul 2
British Pound: Sterling shorts unwind as EUR/GBP breaks support – ING
ING’s Chris Turner reports that EUR/GBP has broken below the 0.8600/8610 support, triggering liquidation of expensive, stale Sterling shorts, especially among asset managers.
EUR/GBP
GBP/USD
Fxstreet
Thu, Jul 2
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