USD/JPY softens to around 159.35 in Thursday’s Asian session.
Trump said the ceasefire agreed on April 7 would stay in place indefinitely.
The BoJ is widely expected to maintain its policy rate at 0.75% during the April meeting.
The USD/JPY pair loses traction to near 159.35 during the Asian trading hours on Thursday. US President Donald Trump’s extension of a ceasefire with Iran weighs on the US Dollar (USD) against the Japanese Yen (JPY). The preliminary reading of the S&P Global Purchasing Managers Index (PMI) will be published later on Thursday.
Trump said on Tuesday that he is extending the ceasefire with Iran while awaiting a “unified proposal” from Tehran. Iran vowed not to reopen the Strait of Hormuz amid the US naval blockade despite the ceasefire extension. Earlier, the White House press secretary Karoline Leavitt said that she doesn’t view Iran’s assertion that it seized two ships in the Strait of Hormuz as a violation of the ceasefire.
Meanwhile, Lebanon will push for a one-month extension of the current truce with Israel during a new round of meetings in Washington on Thursday. Talks between Lebanon and Israel on April 14 were their first in decades, and the US soon after announced the 10-day truce, set to expire on Sunday.
Bank of Japan (BoJ) Governor Kazuo Ueda avoided signaling an April rate hike, citing high economic uncertainty from the “negative supply shock” of the war. Financial markets now widely anticipate the Japanese central bank to hold rates steady until at least June 2026.
Markets are now pricing in nearly a 72%-77% probability of a rate increase in May, with expectations for a hike of nearly 99% by June, according to Reuters.
GBP/USD may rebound toward the two-month high of 1.3599.
The 14-day Relative Strength Index near 56 indicates positive momentum without overbought conditions.
The immediate support lies at the nine-day EMA of 1.3493.
GBP/USD remains subdued for the third successive day, trading around 1.3500 during the Asian hours on Thursday. The technical analysis of the daily chart indicates a potential for bearish reversal as the pair moves below the ascending channel pattern.
However, the GBP/USD pair holds a constructive bullish bias as it stays marginally above the nine-period Exponential Moving Average (EMA) and comfortably over the 50-period EMA. This alignment of short- and medium-term EMAs below spot hints at underlying demand. The 14-day Relative Strength Index around 56 suggests positive but not overstretched momentum, allowing room for further upside while the pair remains supported on dips.
The return to the ascending channel would lead the GBP/USD pair to test the initial barrier at the two-month high of 1.3599, recorded on April 17. Further advances would support the pair to test the upper boundary of the ascending channel around 1.3810. A break above the channel would reinforce the bullish bias and support the GBP/USD pair to approach the 1.3869, the highest level since September 2021, reached on January 27.
On the downside, the GBP/USD pair is testing the immediate support at the nine-day EMA of 1.3493, followed by the 50-day EMA at 1.3427. A sustained break below these short- and medium-term averages would expose a nearly five-month low of 1.3159, recorded on March 31, followed by the 1.3010, the lowest since April 2025, which was recorded in November 2025.
GBP/USD: Daily Chart
Pound Sterling Price Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the weakest against the US Dollar.
USD
EUR
GBP
JPY
CAD
AUD
NZD
CHF
USD
0.07%
0.11%
0.05%
0.02%
0.23%
0.24%
0.12%
EUR
-0.07%
0.05%
-0.02%
-0.05%
0.14%
0.16%
0.03%
GBP
-0.11%
-0.05%
-0.06%
-0.10%
0.11%
0.12%
-0.02%
JPY
-0.05%
0.02%
0.06%
-0.04%
0.19%
0.17%
0.06%
CAD
-0.02%
0.05%
0.10%
0.04%
0.23%
0.22%
0.08%
AUD
-0.23%
-0.14%
-0.11%
-0.19%
-0.23%
0.02%
-0.15%
NZD
-0.24%
-0.16%
-0.12%
-0.17%
-0.22%
-0.02%
-0.15%
CHF
-0.12%
-0.03%
0.02%
-0.06%
-0.08%
0.15%
0.15%
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
AUD/USD surrenders early gains and turns negative as investors turn risk-averse after Iranian attacks on three ships in Hormuz.
Higher oil prices due to the Hormuz closure remain a key concern for global markets.
Australian Composite PMI returns above 50.0 in April.
The AUD/USD pair gives up its early gains and trades 0.24% lower around 0.7145 during the Asian trading session on Thursday. The Aussie pair faces selling pressure as the market sentiment turns risk-averse, following Iranian attacks on three ships in the Strait of Hormuz, a vital passage to almost 20% of global energy supply.
Australian Dollar Price Today
The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the weakest against the US Dollar.
USD
EUR
GBP
JPY
CAD
AUD
NZD
CHF
USD
0.06%
0.11%
0.03%
0.02%
0.25%
0.29%
0.12%
EUR
-0.06%
0.07%
-0.04%
-0.04%
0.16%
0.23%
0.04%
GBP
-0.11%
-0.07%
-0.09%
-0.11%
0.11%
0.17%
-0.03%
JPY
-0.03%
0.04%
0.09%
-0.02%
0.22%
0.24%
0.08%
CAD
-0.02%
0.04%
0.11%
0.02%
0.24%
0.27%
0.08%
AUD
-0.25%
-0.16%
-0.11%
-0.22%
-0.24%
0.06%
-0.16%
NZD
-0.29%
-0.23%
-0.17%
-0.24%
-0.27%
-0.06%
-0.20%
CHF
-0.12%
-0.04%
0.03%
-0.08%
-0.08%
0.16%
0.20%
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).
As of writing, S&P 500 futures trade 0.53% lower to near 7,100, reflecting a weak risk appetite of investors. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, is up 0.1% to near 98.70, the highest level seen in over a week.
According to a report from The Wall Street Journal (WSJ), Tehran fired on three ships in the Hormuz and escorted two of them to Iranian waters, and is bringing those ships to Iran.
Though the US-Iran ceasefire extension has diminished fears of military activities, higher oil prices due to the Hormuz closure are keeping currencies from economies that rely on oil imports to meet their energy needs under pressure.
On the economic data front, Australian flash S&P Global Purchasing Managers’ Index (PMI) data for April has come in stronger than the previous reading. The Composite PMI returns above 50.0, a figure that separates expansion from contraction. The overall business activity improved to 50.1 from 46.6 in March due to higher output from both the manufacturing and the services sectors.
AUD/USD technical analysis
IAUD/USD trades lower at around 0.7145 as of writing; however, the pair holds a constructive near‑term bullish bias as spot remains above the 20-period Exponential Moving Average (EMA) at 0.7086, keeping the short-term trend supported after its recent recovery from sub-0.70 levels.
The Relative Strength Index (RSI) at about 60 stays in positive territory without entering overbought conditions, hinting that upside momentum is still present but not yet stretched.
On the downside, immediate support is defined by the 20-period EMA at 0.7086, where a break would signal fading bullish pressure and expose a deeper pullback toward recent lows. As long as AUD/USD defends this moving average on closing bases, the technical picture favors dip-buying strategies and keeps scope open for further gains in the sessions ahead.
Looking up, the multi-year high at 0.7222 is the major barrier for the pair; however, a breakout above the same would open the scope of extending the rally towards 0.7300.
USD/CHF attracts buyers for the third consecutive day amid a broadly firmer US Dollar.
The Hormuz standoff and less dovish Fed expectations continue to underpin the buck.
Bulls now await sustained strength above the 100-day SMA before placing fresh bets.
The USD/CHF pair turns positive for the third straight day following an intraday dip to the 0.7830 region and climbs to a fresh one-and-a-half-week high during the Asian session on Thursday. Spot prices climb beyond mid-0.7800s and look to build on this week’s recovery move from the lowest level since March 11 amid a broadly firmer US Dollar (USD).
The initial optimism over a temporary extension of the US-Iran ceasefire fades rather quickly amid the lack of progress in peace talks and the instability in the Strait of Hormuz. In fact, US President Donald Trump said on Tuesday that the US Navy blockade of Iranian ports will continue, while Iran has set the complete removal of the US naval blockade as a precondition for resuming negotiations. This keeps geopolitical risks in play, assisting the USD in prolonging its uptrend for the third straight day and acting as a tailwind for the USD/CHF pair.
Meanwhile, the Wall Street Journal reported on Wednesday that Iran fired on three ships in the Strait of Hormuz and escorted two of them to Iranian waters. This comes on top of continued disruptions to energy supplies through the strategic waterway, which remains supportive of elevated Crude Oil prices, fueling inflationary concerns. Furthermore, a resilient US economy increases the threshold for the US Federal Reserve (Fed) to cut interest rates. This further supports the USD and validates the positive outlook for the USD/CHF pair.
Despite the aforementioned supportive fundamental backdrop, bulls might still await a sustained move beyond the 100-day Simple Moving Average (SMA) before positioning for further gains. Traders now look to the US economic docket – featuring the release of usual Weekly Initial Jobless Claims and the flash PMIs – for some impetus later during the North American session. The focus, however, remains on fresh developments surrounding the US-Iran saga, which might continue to infuse volatility around the USD/CHF pair.
EUR/JPY falls as the Euro weakens amid rising risk aversion from US-Iran truce uncertainty.
Iran fired on three ships in the Strait of Hormuz, escorting two into Iranian waters on Wednesday.
Traders expect BoJ to hold rates this month, but signal possible policy normalization as early as June.
EUR/JPY remains subdued for the third successive day, trading around 186.60 during the Asian hours on Thursday. The currency cross loses ground as the risk-sensitive Euro (EUR) faces challenges amid increased risk aversion due to ongoing Middle East uncertainty.
The Wall Street Journal reported that Iran fired on three ships in the Strait of Hormuz and escorted two of them into Iranian waters on Wednesday. Iranian media reported that the paramilitary Revolutionary Guard was moving the vessels to Iran, marking a further escalation, although White House press secretary Karoline Leavitt said the seizures did not breach the terms of the ceasefire.
Iran continues to assert control over the Strait of Hormuz, restricting transit and targeting vessels. Iranian parliament speaker and chief negotiator Mohammad Bagher Ghalibaf stated that reopening the strait would be “impossible” while the United States (US) and Israel persist with what he described as “flagrant” ceasefire violations, including the US naval blockade. Meanwhile, President Donald Trump said the current truce would remain in place indefinitely as Washington awaits a renewed peace proposal from Tehran.
The downside of the EUR/JPY cross could be restrained as the Japanese Yen (JPY) loses ground amid higher oil prices, reflecting Japan’s significant reliance on Middle East crude imports. West Texas Intermediate (WTI) rises for the third consecutive day, trading around $93.30 per barrel at the time of writing.
In Japan, focus has turned to next week’s Bank of Japan (BoJ) policy meeting as officials navigate uncertainty from the regional conflict. Traders expect the BoJ to leave interest rates unchanged this month, though it may hint at a potential shift back toward policy normalization as early as June.
AUD/JPY weakens to near 113.95 in Thursday’s early European session.
The positive outlook of the cross remains intact above the 100-day EMA, with bullish RSI momentum.
The first upside barrier emerges at 115.60; the initial support level is seen at 113.09.
The AUD/JPY cross attracts some sellers to around 113.95 during the early European session on Thursday. Uncertainty regarding Iran’s participation in further peace talks could provide some support to a safe-haven currency such as the Japanese Yen (JPY) against the Australian Dollar (AUD).
Furthermore, intervention fears might cap the upside for the cross. Japanese authorities, including Finance Minister Satsuki Katayama, highlighted a “high sense of urgency” regarding speculative and weak-JPY moves driven by Middle East tensions.
Technical Analysis:
In the daily chart, AUD/JPY holds well above the Bollinger middle band and the 100-period exponential moving average (EMA), keeping the near-term bias clearly bullish despite the recent pause. Price is stretching toward the upper Bollinger band resistance at 115.58, while the Relative Strength Index (RSI) at 65.9 leans into overbought territory, hinting that upside momentum is strong but vulnerable to bouts of consolidation.
On the topside, a decisive break above the upper Bollinger band at 115.60 would open the door to further gains and extend the prevailing uptrend. On the downside, initial support emerges the April 20 low of 113.09. The next contention level is located at the Bollinger middle band around 112.12, with deeper protection from the 100-period EMA at 108.73 and the lower Bollinger band at 108.65, where buyers would be expected to reappear on any sharper corrective pullback.
EUR/USD weakens as Strait of Hormuz tensions offset Iran ceasefire extension.
US naval blockade and stalled peace talks keep geopolitical risks elevated.
Elevated Oil prices and Fed outlook support the US Dollar, capping EUR/USD upside.
The Euro (EUR) weakens against the US Dollar (USD) on Wednesday, as ongoing tensions in the Strait of Hormuz offset the impact of the US-Iran ceasefire extension, keeping the Greenback supported.
At the time of writing, EUR/USD is trading around 1.1712, extending losses for the second straight day. Meanwhile, the US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, is trading around 98.57, near a one-week high.
Iran’s Islamic Revolutionary Guard Corps (IRGC) said it has seized two ships in the Strait of Hormuz, according to Iranian media. The development follows earlier reports of two vessels and a third ship coming under attack in the strategic waterway, according to the UK Maritime Trade Operations (UKMTO).
The escalation comes as the US naval blockade remains in place after US President Donald Trump extended the ceasefire with Iran just hours before its expiry. The move reflects Washington’s strategy to maintain economic pressure on Tehran, while Iranian leaders have said the US must end the blockade if it wants to resume negotiations.
Trump said talks with Iran could take place as soon as Friday, according to the New York Post, while Iran’s Tasnim News Agency reported that Tehran has not yet decided whether to participate.
With key differences remaining over nuclear and missile issues, markets view the ceasefire as a temporary pause in military escalation, suggesting the conflict may not end anytime soon. This is limiting downside in the US Dollar and capping EUR/USD’s upside after a corrective rebound earlier this month.
Meanwhile, Oil prices remain elevated, keeping inflation risks in focus and shaping central bank expectations. Investors expect the Federal Reserve (Fed) to keep interest rates higher for longer, while markets are pricing in the possibility of European Central Bank (ECB) rate hikes.
On the data front, the US economic calendar is largely empty on Wednesday, leaving markets driven by geopolitical headlines. In the Eurozone, preliminary Consumer Confidence for April dropped to -20.6 from -16.3 previously, marking its lowest level in over three years and pointing to weakening household sentiment amid ongoing geopolitical tensions and higher energy prices.
USD/CAD trades sideways as a bullish piercing pattern emerges on the chart.
RSI remains bearish, suggesting downside pressure still dominates the trend.
Break above 1.3709 targets 1.3727 and 1.3742 resistance levels.
USD/CAD continues to trade laterally on Wednesday during the North American session, flattish at around 1.3658, as the pair seems capped by Monday’s price action, in which the Loonie appreciated 0.34% against the US Dollar (USD).
USD/CAD Price Forecast: Technical outlook
On Monday, the USD/CAD pair reached a daily high of 1.3709 and closed near the lows at 1.3644, extending a six-day streak of bearish sessions. Nevertheless, bulls moved in, finishing Tuesday in the green, up 0.15%, and forming a ‘bullish piercing pattern,’ which requires clearing the current week’s high of 1.3709 for further upside.
Momentum remains shifted to the downside as depicted by the Relative Strength Index (RSI). Hence, if sellers move in and clear Tuesday’s swing low of 1.3631, a move towards the 1.3600 figure is on the cards. Below, the next area of interest is the March 9 daily low at 1.3525.
On the upside, buyers must clear the 1.3700 figure, with immediate resistance seen at the 50-day Simple Moving Average (SMA) at 1.3727. Up next is the 100-day SMA at 1.3742, with the next supply area at 1.3800.
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