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Japanese Yen remains stuck near long-term lows weighed by wide Fed-BoJ rate differential
The Japanese Yen (JPY) remains on its back foot against a stronger US Dollar (USD) on Wednesday, with the USD/JPY pair approaching 40-year highs at 161.95 again. The wide differential between the Bank of Japan's (BoJ) interest rates and those of the world's major central banks is keeping the Japane
Fxstreet
Wed, Jun 24
GBP/USD Price Forecast: Resumes downside after testing Triangle breakdown zone
The British Pound (GBP) trades 0.38% lower at around 1.3150 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair faces intense selling pressure as the US Dollar outperforms due to hawkish Federal Reserve (Fed) bets.
Fxstreet
Wed, Jun 24
Euro: Testing 1.1300 risk grows against US Dollar – ING
ING’s Francesco Pesole highlights that EUR/USD has been pressured by an equity sell-off and weak German PMIs, reinforcing a US-EU growth divergence narrative. He notes a wider EUR:USD two-year swap differential and a renewed Dollar risk premium.
Fxstreet
Wed, Jun 24
NZD/USD Price Forecast: Kiwi hits fresh YTD lows below 0.5650 as the US Dollar soars
The New Zealand Dollar (NZD) is failing to find a bottom as rising hopes of monetary tightening by the US Federal Reserve (Fed) and dismal market mood are boosting the safe-haven US Dollar (USD) on Wednesday.
Fxstreet
Wed, Jun 24
Euro edges lower vs Yen as German sentiment, ECB caution meet Japan intervention fears
EUR/JPY edges lower on Wednesday, trading around 183.55 at the time of writing, down 0.17%, as investors assess the impact of improving economic sentiment in Germany against rising intervention risks in Japan’s foreign exchange market.
Fxstreet
Wed, Jun 24
Euro: Yield gap drives downside risk against US Dollar – MUFG
MUFG’s Lee Hardman notes that EUR/USD has broken below its long-held 1.1400–1.1800 range as diverging ECB and Fed policy expectations weigh on the Euro. Softer Euro-zone data and easing energy prices are reducing pressure on the ECB to hike further, while the Fed is priced for multiple hikes.Fxstreet
Wed, Jun 24
Australian Dollar: Sharp selloff opens 0.6835 risk against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight an abrupt 1.22% plunge in AUD/USD to 0.6908, leaving the pair deeply oversold but still biased lower. Intraday, they see potential for a brief break below 0.6900 while expecting it not to hold.Fxstreet
Wed, Jun 24
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