Share: EUR/JPY climbs for the second straight day, breaking above 158.92, but closes at 158.74. BoJ’s ultra-loose monetary policy pressures JPY, while positive EU data reduces a possible ECB rate hike. Technical analysis shows potential for further gains, with YTD high at 159.76 as next target for buyers. EUR/JPY climbed for the second
Share: USD/JPY refreshes YTD top during the Asian session on Monday, albeit lacks follow-through. Intervention fears, along with a softer risk tone, underpin the JPY and caps gains for the pair. The Fed-BoJ policy divergence still favours bulls and supports prospects for a further move up. The USD/JPY pair touches a fresh high
Share: Saudi Arabia expected to extend its 1 million bpd output cut into October. Russia agrees with OPEC to cut exports next month. Positive business activity reports from China improve the oil demand outlook. US unemployment rate rises, wage growth slows, potentially pausing interest rate hikes. Western Texas Intermediate (WTI), the US crude
Share: USD/JPY surges to a new YTD high of 146.68, buoyed by Wall Street’s upbeat opening and dovish comments from BoJ Governor Kazuo Ueda. Despite a dip in US 10-year Treasury yields, the pair maintains its bullish momentum, reflecting the Fed’s hawkish stance on further tightening. A packed economic calendar could introduce volatility,
Share: AUD/USD gains positive traction on Friday and snaps an eight-day losing streak to the YTD low. Hope for more stimulus from China prompts intraday short-covering amid a mildly weaker USD. The Fed’s hawkish outlook and looming recession risks limit the USD losses and cap the major. The AUD/USD pair builds on the
Share: NZD/USD takes offers to refresh yearly low during eight-day downtrend. Oversold RSI, key technical levels can challenge Kiwi bears. Corrective bounce can aim for May’s bottom but remains elusive below 0.6045. NZD/USD bears keep the reins for the eighth consecutive day as they refresh the yearly low to 0.5902 amid early Thursday.
Share: GBP/JPY reached a new YTD high above 184.00. A favorable technical setup, including the Ichimoku Cloud (Kumo) position and a Tenkan-Sen/Kijun-Sen crossover, supports a bullish outlook. If the GBP/JPY retraces below 183.00, it might witness an accelerated pullback towards technical support at 182.32 and 182.00, with Kumo’s top and the Kijun-Sen providing
EUR/USD, EUR/JPY PRICE FORECAST: Recommended by Zain Vawda Get Your Free EUR Forecast MOST READ: Dollar Index (DXY) Eyes Acceptance Above 100-Day MA, USD/CHF Ticks Higher EUR/USD has been on a steady decline since printing a fresh YTD high on July 18 around the 1.1275 mark. Yesterday saw an attempted push above the psychological 1.1000