Japanese Yen near multi-year low on Fed hike risk, intervention fears

Japanese Yen near multi-year low on Fed hike risk, intervention fears

USD/JPY trades around 160.85 on Thursday at the time of writing, up 0.12% on the day after reaching 160.95, its highest level since July 2024. The pair remains supported by the persistent divergence between US and Japanese monetary policy outlooks, although Japanese officials continue to warn against excessive weakness in the Japanese Yen (JPY). The […]

Will it defend the Rupiah?

Will it defend the Rupiah?

Bank Indonesia (BI) decided to hike the benchmark interest rate by 25 basis points to 5.75% on June 18, from the previous 5.5%. The decision aligned with the market expectations. The Indonesian Rupiah (IDR) received support against the US Dollar (USD) as an immediate reaction to the BI interest rate decision. However, the USD/IDR recovers […]

XAG/USD rises above $69.00, but stays constrained below 100-day SMA

XAG/USD rises above .00, but stays constrained below 100-day SMA

Silver price rises to near $69.15 during the Asian trading hours on Thursday. The white metal attracts some buyers following positive developments surrounding the US-Iran peace deal.  US President Donald Trump and Iranian President Masoud Pezeshkian both digitally signed the memorandum of understanding in English and Farsi aimed at ending the war with Iran. Pakistan’s […]