Yen surges for second day, USD/JPY drops below 156; oil and gold rise
The Japanese yen surged for a second straight day, with USD/JPY falling nearly 300 pips. WTI crude and gold also gained, while bond yields eased.
Major and emerging currency pairs, central bank policy, interest rate expectations and cross-border capital flows.
The Japanese yen surged for a second straight day, with USD/JPY falling nearly 300 pips. WTI crude and gold also gained, while bond yields eased.
EUR/USD pulled back as hawkish Fed bets steadied and profit-taking emerged; traders eye US CPI for rate hike clues.
USD/JPY fell nearly 1% dropping back below 158 as yen strengthens on BOJ rate hike expectations and yield pullback.
USD/JPY falls below 157.70 as hawkish BOJ comments and less hawkish Fed outlook weaken dollar, with geopolitics and payrolls in focus.
PBOC set yuan reference rate at 6.7807, above estimates, and conducted no reverse repo operations while 103 billion yuan matured.
AUD/NZD pushed into key resistance zone following RBNZ hike and Australia GDP beat.
NZD/USD fell after RBNZ comments confirmed a gradual tightening path, with key support at 0.5890 and 0.5840.
USD mixed, stocks rise as Middle East tensions simmer. ADP data shows weak hiring ahead of Friday's payrolls report.
EURUSD tested 100-day moving average support and 100-hour moving average resistance, providing clear trade entries and exits.
USDJPY fell below the 200-hour moving average but recovered above the 100-day moving average, highlighting key technical levels.
Sellers pushed USDJPY under the 200-hour moving average, but the pair bounced back above the 100-day moving average as momentum faded.
USDCAD traders watch BOC decision; technical levels at 1.3882 support and 1.39179 resistance guide the bias.
Greenback rallies on Warsh's hawkish tone; USD/JPY dips but bias stays bullish.
Central bank decisions move markets based on deviations from expectations, not the rate change itself. The RBNZ's rate hike weakened the NZD due to a dovish…
USD/JPY fell to 159.60 after earlier reaching 160.40, its highest since 31 July, raising questions about possible Tokyo rate checks.