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?
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
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 […]
Australian Dollar drifts higher above 0.7000 as Trump signs US-Iran deal
The AUD/USD pair gathers strength to around 0.7025 during the early Asian trading hours on Thursday. Optimism surrounding the US-Iran peace deal provides some support to the riskier assets, such as the Australian Dollar (AUD) against the US Dollar (USD). The US Initial Jobless Claims report will be published later in the day. US President […]
New Zealand’s Gross Domestic Product grows less than expected in Q1
New Zealand’s Gross Domestic Product (GDP) grew by 0.8% QoQ in the first quarter (Q1) of 2026, compared with a 0.5% expansion (revised from 0.2%) in the fourth quarter of 2025, Statistics New Zealand showed on Thursday. This reading came in weaker than the expectation of a rise of 0.9%. The first-quarter GDP expanded by 1.5% YoY, compared with a […]
Policymakers don’t feel bound by their dots
At the post-meeting press conference, Fed Chair Kevin Warsh explains why policymakers decided to keep interest rates unchanged following the June meeting and takes questions from reporters on the decision. Warsh’s press conference highlights Warsh said the Committee’s goal is to get monetary policy right and stressed that the Fed’s dual mandate of price stability […]
The BoJ just hiked to 1.0%. Why is the Japanese Yen still falling?
The Japanese Yen (JPY) remains under pressure despite the Bank of Japan’s latest rate hike, with analysts highlighting that the move has not been enough to trigger a sustained recovery for the Japanese currency. Societe Generale sees short USD/JPY as attractive if the Federal Reserve delivers a dovish outcome, while OCBC argues that the BoJ’s […]
Indian Rupee remains flat as traders await Fed policy decision
The Indian Rupee (INR) flattens after two days of gains against the US Dollar (USD) on Wednesday. However, the upside of the USD/INR pair could be capped in the near term as downward pressure on the Indian Rupee eases, supported by declining global oil prices. Following recent policy interventions by the Reserve Bank of India […]
Euro holds positive bias above 1.1600 as bulls eye Fed decision
The EUR/USD pair trades with a positive bias for the third straight day and holds steady above the 1.1600 mark through the Asian session on Wednesday. Bulls, however, seem hesitant and opt to wait for the outcome of a two-day FOMC policy meeting before positioning for an extension of the recent goodish recovery from the […]
Why is the Canadian Dollar steadying despite a decline in oil prices
USD/CAD halts its four-day winning streak, trading around 1.3990 during the Asian hours on Wednesday. The US Dollar (USD) experiences downward pressure as easing risk aversion weighs on the currency, a shift largely driven by growing expectations of a breakthrough peace deal between the United States (US) and Iran. Momentum toward an agreement has accelerated, […]
