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Forex: all news & analysis

Explore our comprehensive Forex Archive, an essential resource that provides expert insights on price movements, trends, and the currency market. By analysing past price actions and key events, you can uncover vital market dynamics and elevate your understanding of effective trading strategies. Whether you're focusing on major currency pairs or emerging markets, our archive is packed with information to help you sharpen your trading decisions.

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Yen falls to 11-month low, is 150 next?
BoJ Ueda says 2% inflation target not yet achieved USD/JPY pushes above 149 The Japanese yen is unchanged on Tuesday, trading at 148.85. BOJ's Ueda says monetary policy to continue The Bank of Japan maintained its policy settings on Friday, which really should not have been all that surprising, given the dovish messages that BoJ Governor Ueda and other BoJ members have been sending out for weeks. The BoJ does not appear to be in any rush to phase out its ultra-loose stimulus, given the weakne
26-09-2023 05:01 GMT by Kenneth Fisher
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USD/JPY: Intervention risks grow as yen falls to 11-month low
30-year Treasury yield rose 12bps to 4.645% vs 15.19% which was the peak at 1981. Bloomberg dollar index has best rally in three weeks, which is also highest level since December BOJ Governor Ueda stands on dovish ground, yen free to fall; PM Kishida delivers plan to ease inflation pain Bank of Japan Governor Kazuo Ueda and his deputy governor Uchida are committed to their ultra-easy policy.  Governor Ueda noted that there was "very high uncertainty" over whether companies would continue to inc
25-09-2023 12:38 GMT by Edward Moya
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EUR/USD: Dollar rallies alongside surging yields
Fed rate hike expectations for November 1st stand at 18.6% vs 30% from a week ago Germany IFO Business climate declines for a fifth straight month 10-year Treasury yield surges 7.7bps to 4.511% The euro softened earlier after an uninspiring German business outlook suggests the eurozone’s largest economy still has a rough road ahead.  This was the fifth straight month of declines for Germany's business confidence. Investors focused on the expectations survey’s slight miss.
25-09-2023 10:55 GMT by Edward Moya
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GBP/JPY Technical: At the risk of multi-week bearish mean reversion
The current major uptrend phase of GBP/JPY has almost reached a key inflection/resistance level of 187.30. The weekly RSI momentum indicator has flashed out bearish conditions that advocate a potential multi-week bearish mean reversion/counter-trend movement. 50 is the key short-term resistance to watch with intermediate supports coming in at 180.60 and 179.20. Bulls may have hit a major roadblock Fig 1: GBP/JPY major trend as of 25 Sep 2023 (Source: TradingView, click to enlarge chart) The
25-09-2023 02:13 GMT by Kelvin Wong
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USD/JPY: King dollar trend has been your friend
UAW strikes expand strikes against GM an Stellantis China considers easing foreign stake limits to attract foreign investment US Flash PMIs show manufacturing rebounds while the composite reading fell to lowest levels since Jan 2023 BOJ didn't deliver much of anything. Ueda notes distance to removing negative rates hasn't moved greatly The BOJ kept its monetary policy unchanged and refrained from delivering a clear sign of a shift in its policy stance, disappointing some traders who were expect
22-09-2023 11:51 GMT by Edward Moya
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Week Ahead - US and eurozone inflation, Fed speak, Bank of Japan minutes
It will be a busy week filled with a wide range of economic releases, with the focus falling on the consumer and the Fed’s preferred inflation gauge.  August personal income is expected to rise given the strong labor market while spending cooled given the end of summer vacations.  The bond market will pay extremely close attention to the next round of inflation readings.
22-09-2023 11:44 GMT by Craig Erlam
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Japanese yen dips as BoJ holds the course
Bank of Japan maintains policy settings Japan's core inflation unchanged at 3.1% The Japanese yen is lower on Friday, erasing all of the gains seen a day earlier. In the European session, USD/JPY is trading at 148.34, up 0.52%. Bank of Japan holds policy settings There was some speculation in the market that the Bank of Japan might hint at some potential moves toward normalization at today's meeting, but those hopes were dashed as the central bank stuck to its guns.
22-09-2023 04:20 GMT by Kenneth Fisher
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USD/JPY Technical: 148.40/85 reached. What’s next?
BoJ Governor Ueda's press conference is likely to be a pivotal moment in guiding market participants’ expectations toward monetary policy normalization away from negative interest rates. Bullish exhaustion elements were sighted as the USD/JPY rally hit the 148.40/85 key medium-term resistance. The 10-year JGB yield has continued to inch higher to a decade-high of 0.75% and August’s core-core Japan inflation rate remained elevated at 4.3% y/y, a 42-year high. The “drumbeat” has increased for a p
22-09-2023 02:08 GMT by Kelvin Wong
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USD/JPY: Yen modestly stronger ahead of BOJ
Japanese overnight index swaps show rates turning positive by the December 19th BOJ meeting Prior to the BOJ decision, Japan CPI is expected to see base effects help trim inflation down to 3.0% BIS: Yen real effective rate (against basket of currencies) falls to record low (dating back to the early 70s) The Fed rate decision drove home the message that interest rates will be staying higher for longer.  Now it is the BOJ's turn to show what they will do about the yen.  Verbal interventio
21-09-2023 14:56 GMT by Edward Moya
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EUR/GBP: Pound falls to 2-month low against euro as BOE rate hiking cycle likely over
BOE officials vote 5-4 to keep rates on hold, first pause in almost 2-years Traders are no longer fully pricing in anymore quarter point rate rises Global bond market selloff saw Gilts rise 8.4bps to 4.292% The British pound went into freefall mode after the BOE unexpectedly kept rates on hold.  The outlook has dramatically changed in a few weeks and investors are concerned about growth prospects. BOE governor Bailey noted that it's premature to talk about rate cuts and right now it seems t
21-09-2023 14:20 GMT by Edward Moya
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USD/CAD - Canadian dollar eyes retail sales
Canada retail sales expected to rise BoC releases summary of deliberations The Canadian dollar is showing limited movement on Thursday. In the North American session, USD/CAD is trading at 1.3474, up 0.09%. Canada's retail sales expected to improve Canada wraps up the week with the retail sales report on Friday.
21-09-2023 13:05 GMT by Kenneth Fisher
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USD/CHF - An attempted hawkish hold from the SNB but markets not buying it
SNB leaves its policy rate unchanged at 1.75% Chair Jordan signals further hikes likely won't be necessary USDCHF testing major resistance level after decision The SNB refrained from raising interest rates earlier today, instead signaling that sufficient tightening has taken place in order to get inflation back to below 2% over the forecast horizon. While inflation is already well below 2%, there was an expectation that the central bank would hike again.
21-09-2023 11:41 GMT by Craig Erlam
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GBP/USD slips to 6-month low after BoE hold
Bank of England maintains interest rates Federal Reserve sends 'higher for longer' message to the markets The British pound has posted losses on Thursday. In the North American session, GBP/USD is trading at 1.2287, down 0.46%.
21-09-2023 10:36 GMT by Kenneth Fisher
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GBP/USD - A surprisingly dovish BoE but another rate hike still possible
BoE leaves interest rates unchanged after 5-4 vote MPC statement suggests the tightening cycle may be over GBPUSD breaks major support after BoE decision We're certainly seeing plenty of different approaches from central banks as they wrap up their tightening cycles, with the Bank of England today surprising with a hold while not adopting a particularly hawkish tone alongside it. That said, more important than the tone is just how close the vote was, with five policymakers - including Gove
21-09-2023 09:57 GMT by Craig Erlam
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