Traders look to US CPI for EUR/USD's next decisive move
EUR/USD consolidates ahead of US CPI. Dollar spiked on NFP but focus remains on inflation. ECB likely to hike 25 bps.
Major and emerging currency pairs, central bank policy, interest rate expectations and cross-border capital flows.
EUR/USD consolidates ahead of US CPI. Dollar spiked on NFP but focus remains on inflation. ECB likely to hike 25 bps.
USD/JPY falls below 155 for first time since February, as yen gains on technical and fundamental drivers.
The rupee rallied on suspected RBI intervention despite higher oil and a steady dollar, with traders awaiting US CPI and Iran-related news.
USD/JPY trades at 155.60, down 0.4%; technicals remain bearish with key support at 155.00.
USD/JPY has a notable option expiry at 155.75 on 7 September, with intervention risks dominating trading.
China's central bank set the yuan reference rate at 6.7795, stronger than the 6.7086 estimate, and drained liquidity via reverse repos.
The PBOC is expected to set its daily USD/CNY reference rate at 6.7086, according to a Reuters estimate.
USD/JPY plunged as markets price in likely back-to-back BOJ rate hikes, with September now nearly fully priced.
The US dollar had a mixed reaction to the blockbuster US jobs report, with technical levels causing reversals in some pairs.
The USD trades in narrow ranges ahead of the US jobs report, with technical levels highlighted for EURUSD, USDJPY and GBPUSD.
USD/JPY bounced near the 155.00 support after Fed's Waller turned dovish; markets await the US NFP report for further direction.
FX option expiry strikes and notional amounts for major pairs at the Sept. 4 New York cut.
JPMorgan warns a $103 billion yen short bet could accelerate USD/JPY losses below 155, though it doubts the rally will go much further.
Hansen's remarks contained no new information, so NZD didn't move. A flat currency response to central bank comments signals either that or a market that had…
PBOC to set USD/CNY reference rate, expected at 6.7098 per Reuters estimate.