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.
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.
How does the technical situation on EURUSD looks like?
Facts:
EURUSD is trading in an upward move from mid-March
The pair bounced off the horizontal support at 1.1725 USD
The pair is trading above the 100 – period moving average form H4 interval
Recommendation: Trade: Long position on EURUSD at market price Target: 1.1833, 1.1884 Stop: 1.1680
Opinion: Looking at EURUSD at the H4 interval, we can see that the main sentiment on the pair is bullish. However, a downward correction has occurred recently, which has brought the pair down to the key support at 1.1725 USD. The support is a result of previous reactions as well as a lower limit of 1:1 structure. According to the Overbalance strategy, as long as the price sits above 1.1725 support, the main trend remains upward. We recommend going long EURUSD at market price with two targets: 1.1833 and 1.1884. We also recommend placing a stop loss order at 1.1680. Source: xStation5
USD/JPY attracts some sellers and erodes a part of Tuesday’s gains to over a one-week top.
The US-Iran ceasefire extension undermines the USD and exerts some pressure on the pair.
Hormuz risks and delayed BoJ rate hike bets cap gains for the JPY and support spot prices.
The USD/JPY pair adds to its modest intraday losses and moves further away from over a one-week high, around the 159.70 region, touched the previous day. Spot prices drop to the 159.00 neighborhood, or a fresh daily low, during the early European session, though the downside potential seems limited.
A temporary extension of the US-Iran ceasefire prompts some selling around the US Dollar (USD) and exerts some downward pressure on the USD/JPY pair. However, economic concerns stemming from a standoff over the Strait of Hormuz, along with bets for a delayed Bank of Japan (BoJ) rate hike, might continue to undermine the Japanese Yen (JPY) and help limit losses for the currency pair.
The USD/JPY pair shows some resilience below the 23.6% Fibonacci retracement level of the recent move up from last week’s swing low, around the 157.60 region, and bounced off the 100-period Exponential Moving Average (EMA) on the 1-hour chart. That said, the Moving Average Convergence Divergence (MACD) has slipped marginally below zero, and the Relative Strength Index (RSI) near 48 signals neutral to slightly soft momentum.
Momentum indicators, in turn, hint that the upside impetus is fading but not yet undermining the broader intraday support near the 23.6% Fibo. retracement at 159.15, reinforced by the 100-period EMA at 159.07 just beneath. A deeper pullback would expose the 38.2% retracement at 158.85, followed by layered Fibonacci supports at 158.60, 158.36, and 158.01, with the 157.57 swing low acting as a more distant structural floor if selling pressure accelerates.
(The technical analysis of this story was written with the help of an AI tool.)
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