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Forex
Forex

Forex

07
Jan

EUR/JPY declines as geopolitical tensions, hawkish BoJ boost Yen

EUR/JPY trades around 182.90 on Wednesday at the time of writing, down 0.10% on the day. The cross remains under pressure as the Japanese Yen (JPY) benefits from a more defensive market environment, amid rising geopolitical tensions in Asia and continued firm signals from the Bank of Japan (BoJ). On the European side, the latest […]

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07
Jan

EUR/USD holds losses with all eyes on US employment data

EUR/USD is practically flat, trading at 1.1685 at the time of writing, with the bearish bias from December highs intact. Trading ranges remain tight on Wednesday with investors awaiting the release of a string of key US employment figures, largely unfazed by the growing geopolitical tensions after the intervention in Venezuela. The Euro (EUR) extended its […]

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07
Jan

EUR/JPY Price Forecast: Slips below 183.00 as momentum weakens

EUR/JPY extends its losses for the fourth successive session, trading around 182.80 during the European hours on Wednesday. The currency cross remains subdued following the release of Germany’s Retail Sales, which climbed 1.1% year-over-year (YoY) in November, following an increase of 0.9% in October. Monthly Retail Sales fell 0.6% in November, against a 0.3% decline […]

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07
Jan

Japanese Yen sticks to intraday gains amid hawkish BoJ bets; lacks bullish conviction

The Japanese Yen (JPY) remains on the front foot against a broadly weaker US Dollar (USD) through the early European session on Wednesday, though it lacks bullish conviction amid a mixed fundamental backdrop. The growing acceptance that the Bank of Japan (BoJ) will stick to its policy normalization path marks a significant divergence in comparison […]

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07
Jan

Offshore Yuan Weakens

The offshore yuan weakened to around 6.98 per dollar on Wednesday, pressured by a dovish tone from the People’s Bank of China and weaker-than-expected official guidance. The central bank reiterated plans to cut the reserve requirement ratio and interest rates in 2026 to ensure ample liquidity, while maintaining an “appropriately accommodative” monetary policy stance. Meanwhile, […]

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07
Jan

USD/CHF softens to near 0.7950 as Venezuela crisis supports Swiss Franc

The USD/CHF pair trades in negative territory near 0.7950 during the early European session on Wednesday. The US Dollar (USD) weakens against the Swiss Franc (CHF) amid persistent geopolitical tensions and dovish comments from the US Federal Reserve (Fed) officials. Traders will keep an eye on the US ISM Services Purchasing Managers Index (PMI) report later on Wednesday. The […]

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06
Jan

USD/CAD flat lines above mid-1.3700s as softer Oil prices offset USD selling

The USD/CAD pair edges lower on Tuesday and looks to extend the previous day’s late retracement slide from the 1.3815 area, or its highest level since December 11. Spot prices, however, manage to hold above mid-1.3700s through the first half of the European session and currently trade nearly unchanged for the day amid mixed cues. The US […]

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06
Jan

Japanese Yen bulls seem noncommittal amid BoJ uncertainty, fiscal concerns

The Japanese Yen (JPY) seesaws between tepid gains/minor losses against a softer US Dollar (USD) and, for now, seems to have stalled its recovery move from a nearly two-week low, touched the previous day. Despite the Bank of Japan’s (BoJ) hawkish outlook, investors remain uncertain about the likely timing of the next interest rate hike. This, […]

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06
Jan

GBP/USD Price Reaches fresh three-month highs above 1.3550

GBP/USD extends its gains for the second successive session, trading around 1.3560 during the Asian hours on Tuesday. The technical analysis of the daily chart indicates a persistent bullish bias. The 14-day Relative Strength Index (RSI) reached 69.29, near overbought. If the RSI extends into overbought territory, the pair could consolidate before resuming the trend. […]

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06
Jan

GBP/JPY Price Forecast: Looks set for fresh rally above 212.20

The GBP/JPY pair posts a fresh multi-year high at 212.15 during the Asian trading session on Tuesday. The pair trades firmly as the Japanese Yen (JPY) underperforms across the board, even as Bank of Japan (BoJ) Governor Kazuo Ueda has signaled that there will be more interest rate hikes in the near term. Japanese Yen […]

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