FX pairs, central banks, rates, and macro drivers for currency markets.
Japan's chief cabinet secretary expressed "extreme concern" over speculative yen moves, stopping short of commenting on FX levels or intervention, while reiterating the government's stance to take appropriate action — as USD/JPY hovers above 159.00....
Two EUR/USD option expiries at 1.1600 and 1.1650 are on the radar for the May 29 New York 10am cut. While lacking strong technical significance, they may cap price action as markets await a potential US-Iran deal announcement and navigate month-end flows....
The US dollar is trading mostly higher as markets await April PCE inflation data, durable goods orders, and jobless claims at 8:30 AM. Rising oil prices tied to Middle East tensions are adding support to the greenback, while US stocks open modestly lower....
USD/JPY has broken out of consolidation near 159.00, with the next technical target eyed at 162.00. The US dollar remains supported by Strait of Hormuz tensions and a potentially hawkish Fed, while the yen stays under pressure amid BoJ dovishness and below-target inflation....
Credit Agricole warns that USD/JPY holding above 159.00 keeps the pair vulnerable to fresh FX intervention, while a hawkish BOJ hike remains the key — but unlikely — catalyst needed to meaningfully support the yen....
The RBNZ held its OCR at 2.25% by casting vote after a 3-3 committee split, while Australia's April CPI came in below expectations at 4.2% but core inflation hit a 22-month high. BOJ Governor Ueda signalled groundwork for a rate hike, and the Nikkei surged to a record above 66,000....
USDCAD has rebounded sharply, reclaiming its 100-hour moving average and the 50% midpoint level as geopolitical tensions surrounding Iran fuel volatility across oil, yields, and currency markets....
There are no major FX option expiries to note for the 13 May New York 10am cut. Markets remain cautious amid unresolved US-Iran tensions, elevated oil prices, rising yields, and anticipation of President Trump's visit to China....
Japan is facing echoes of 2022 as the yen weakens and the Bank of Japan reportedly intervenes to the tune of roughly $34.5 billion. Analysts warn that while such moves offer short-term relief, structural issues — including high energy prices and a wide rate gap with the Fed — remain unresolved....
The Indian Rupee has erased all of its monthly gains as the US-Iran standoff and Strait of Hormuz closure continue to weigh on the currency. Markets are also watching Wednesday's FOMC decision, with a potential hawkish tilt seen as a risk factor....
The dollar is slipping against major peers despite a cautious overall market mood, as US-Iran nuclear talks stall and the Strait of Hormuz remains effectively closed nine weeks into the Middle East conflict....
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