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EUR/JPY Price Forecast: Tests 177.50 barrier near nine-day EMA
EUR/JPY gains ground for the second consecutive day, trading around 177.40 during Asian hours on Friday. Technical analysis of the daily chart shows that the currency cross is moving downward within the descending channel pattern, suggesting a persistent bearish bias.
New Zealand Dollar strengthens above 0.5600 amid softer US Dollar, easing yields
The NZD/USD pair gains traction to near 0.5615 during the early Asian trading hours on Friday. The US Dollar (USD) weakens against the New Zealand Dollar (NZD) amid easing Treasury bond yields. Traders weigh lingering inflation concerns and the outlook for Federal Reserve (Fed) interest rates.
Japanese Yen struggles for firm direction as softer USD limits intraday slide
The USD/JPY pair struggles to capitalize on a modest Asian session uptick on Friday, now trading near the lower end of its daily range, below the 158.00 mark amid a broadly weaker US Dollar (USD).
British Pound edges higher to near 1.3250, renewed UK fiscal concerns in focus
The GBP/USD pair gathers strength to around 1.3240 during the early Asian trading hours on Friday. The US Dollar (USD) softens against the British Pound (GBP) following comments from Federal Reserve (Fed) Governor Christopher Waller.
Japan’s Katayama says DOGE Initiative to drive growth and fiscal sustainability under Takaichi
Japanese Finance Minister (FM) Satsuki Katayama said on Friday that the country's doge initiative is key for the Sanae Takaichi administration to pursue budget promoting growth while maintaining fiscal sustainability, Reuters reported.
Australian Dollar edges higher amid modest USD weakness; upside potential seem limited
The AUD/USD pair edges higher during the Asian session on Friday, looking to build on the overnight bounce from the lower boundary of the weekly range amid a softer US Dollar (USD). Spot prices, however, lack bullish conviction and currently trade above mid-0.6900s, up just over 0.10% for the day.
PBOC sets USD/CNY reference rate at 6.7330 vs. 6.7367 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Friday at 6.7330 compared to the previous day's fix of 6.7367 and 6.7973 Reuters estimate.
Euro holds gains above 1.1200 despite France's fiscal worries
The EUR/USD pair holds positive ground near 1.1215 during the early Asian trading hours on Friday. Nonetheless, the potential upside for the major pair might be limited amid fears of France’s debt crisis. The Michigan Consumer Sentiment Index data for October is due later on Friday.
Japan Overall Household Spending (YoY) came in at -3.1%, above forecasts (-3.6%) in August
Japan Overall Household Spending (YoY) came in at -3.1%, above forecasts (-3.6%) in August
Yen gains as Trump rules out Iran strikes before the midterms
The 10-year Treasury yield ended near 5.22% after President Trump said on Truth Social that the US won't attack Iran before the midterm elections. It had touched its highest since 2002 on Wednesday.
Australian Dollar slides as AI sell-off rattles Wall Street
The Aussie Dollar dives 0.11% on Thursday as the US Dollar retreats from monthly highs, with safe-haven flows shifting from the Greenback to the Japanese Yen and the Swiss Franc amid losses on Wall Street and US yields. The AUD/USD trades at 0.6960 at the time of writing.
Pound holds its floor as BoE member Greene presses for a hike
Bank of England (BoE) external member Greene said in Cape Town that it's dangerous to assume markets will do the BoE's work for it, and that UK pay awards look set for about 3.5% next year. She has voted for a hike at each of the last three meetings.
GBP/JPY Price Forecast: Struggles at 209.00 as bearish-engulfing looms
The GBP/JPY seesaws on Thursday, poised to end the session unchanged at 208.87, after prices traveled from the low of the day (LOD) of 208.20, towards a daily high of 209.40, before settling at around current levels.