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USD/JPY dips below support as the battle between safe-haven currencies persists
USD/JPY dips below support as the battle between safe-haven currencies persists
The US Dollar (USD) continues to weaken against the Japanese Yen (JPY), as shifting economic conditions and central bank outlooks reshape expectations for both currencies. 
USDJPY
BOJ
Fed
DollarIndex
Fundamental Analysis
Loonie strengthens for third day as core inflation rises, US Dollar stumbles
Loonie strengthens for third day as core inflation rises, US Dollar stumbles
The Canadian Dollar (CAD) strengthens further against the US Dollar (USD) on Wednesday, marking a three-day rally, with USD/CAD slipping below 1.3900 as markets digest stronger-than-expected Canadian inflation figures and a broadly subdued Greenback.
USDCAD
CPI
BOC
RetailSales
PMI
JPY showing impressive gains vs. USD – Scotiabank
JPY showing impressive gains vs. USD – Scotiabank
Japanese Yen (JPY) is entering Wednesday’s NA session with an impressive 0.4% gain vs. the US Dollar (USD), a mid-performer among the G10 in an environment of broad-based USD weakness, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDJPY
Banks
Japan
Technical Analysis
BOJ
US Dollar down while markets brace from Trump bill vote
US Dollar down while markets brace from Trump bill vote
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is facing around 1.3% losses in just three trading days on Wednesday, trading near 99.58..
DollarIndex
Macroeconomics
UnitedStates
SEO
GBP trades to fresh multi-year high – Scotiabank
GBP trades to fresh multi-year high – Scotiabank
Pound Sterling (GBP) is entering Wednesday’s NA session with a 0.1% gain again the US Dollar (USD) but losses against most of the remaining G10 currencies, trading erratically in response to the release of stronger than expected inflation data, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBPUSD
Banks
Technical Analysis
AUD/USD: Break-out soon? – OCBC
AUD/USD: Break-out soon? – OCBC
Australian Dollar (AUD) fell post-dovish RBA yesterday. AUD last at 0.6445 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
AUDUSD
Banks
Technical Analysis
USD, Treasuries and US equity futures weaken – Scotiabank
USD, Treasuries and US equity futures weaken – Scotiabank
The US Dollar (USD) is trading weaker on the session. It’s another one of those uncomfortable 'sell everything' days for the US.
DollarIndex
Banks
Technical Analysis
Fed
USD/JPY extends its decline – OCBC
USD/JPY extends its decline – OCBC
USD/JPY extended its decline following the broad decline in USD. USD/JPY was last at 143.74 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USDJPY
Technical Analysis
Banks
CAD gets a mild tailwind from narrower spreads after CPI to press gains on USD – Scotiabank
CAD gets a mild tailwind from narrower spreads after CPI to press gains on USD – Scotiabank
Yesterday’s hotter than expected April CPI data served to dampen expectations of a June BoC rate cut, putting some moderate, downward pressure on US/Canada interest rate spreads, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Banks
USDCAD
Technical Analysis
BOC
Canada
DXY: Bias to sell rallies – OCBC
DXY: Bias to sell rallies – OCBC
US Dollar (USD) fell broadly against most currencies. DXY was last at 99.59, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DollarIndex
Banks
Technical Analysis
Forexlive European FX news wrap: UK inflation surprises to the upside
Forexlive European FX news wrap: UK inflation surprises to the upside
Forex news from the European morning session on May 21, 2025
Session wrap
Wrap Europe
USD/CHF Price Forecast: Extends losing streak for third trading day
USD/CHF Price Forecast: Extends losing streak for third trading day
The USD/CHF pair slides to near 0.8240 during the European trading session, extending the losing streak for the third trading day on Wednesday.
USDCHF
SNB
UnitedStates
DollarIndex
SupportResistance
EUR strengthens as policymakers speak to end of ECB easing cycle – Scotiabank
EUR strengthens as policymakers speak to end of ECB easing cycle – Scotiabank
Euro (EUR) is up 0.5% vs. the US Dollar (USD) and a mid-performer among the G10 in an environment of broad-based USD weakness, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EURUSD
Technical Analysis
Banks
USD/CNH: Likely to trade in a 7.1850/7.2450 range – UOB Group
USD/CNH: Likely to trade in a 7.1850/7.2450 range – UOB Group
Downward momentum has largely faded; US Dollar (USD) is likely to trade in a 7.1850/7.2450 range for now against Chinese Yuan (CNH), UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
Mexican Peso slides against the Greenback on the fate of the “Big Beautiful Bill”
Mexican Peso slides against the Greenback on the fate of the “Big Beautiful Bill”
The Mexican Peso (MXN) and the US Dollar (USD) have been anxiously waiting for the release of crucial economic data and remarks from policymakers in anticipation of the next big move.
USDMXN
Technical Analysis
Fundamental Analysis
US House Speaker Johnson: We came to $40,000 SALT deduction cap agreement
US House Speaker Johnson: We came to $40,000 SALT deduction cap agreement
This follows the report from Politico on tentative deal reached
Politics
USD/JPY: Bias for USD is on the downside – UOB Group
USD/JPY: Bias for USD is on the downside – UOB Group
There is scope for US Dollar (USD) to edge lower to 143.80 vs Japanese Yen (JPY); a sustained break below this level seems unlikely. In the longer run, the bias for USD is on the downside toward 143.80, potentially to 143.30, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
ECB's de Guindos: 2% price goal to be reached sooner than later
ECB's de Guindos: 2% price goal to be reached sooner than later
Further remarks by the ECB vice-president, Luis de Guindos
AUD/USD Price Forecast: Sets for volatility expansion
AUD/USD Price Forecast: Sets for volatility expansion
The AUD/USD pair moves higher to near 0.6460 during European trading hours on Wednesday. The Aussie pair gains as the US Dollar (USD) continues to underperform its peers on the back of the United States (US) Sovereign Credit rating erosion.
AUDUSD
RBA
UnitedStates
SupportResistance
DollarIndex
Lagarde is positive on the strong Euro – Commerzbank
Lagarde is positive on the strong Euro – Commerzbank
News of a potential Israeli attack on Iran's nuclear facilities is causing EUR/USD to rise this morning and shows that the euro is currently still favored as a safe haven against the dollar. However, this does not seem to be a problem, at least for the ECB.
EURUSD
Banks
Technical Analysis
ECB
US MBA mortgage applications w.e. 16 May -5.1% vs +1.1% prior
US MBA mortgage applications w.e. 16 May -5.1% vs +1.1% prior
Latest data from the Mortgage Bankers Association for the week ending 16 May 2025
NZD/USD: Outlook remains mixed – UOB Group
NZD/USD: Outlook remains mixed – UOB Group
New Zealand Dollar (NZD) is likely to trade in a sideways range of 0.5905/0.5945 against the US Dollar (USD). In the longer run, outlook remains mixed, but NZD is likely to trade in a tighter range of 0.5835/0.5985, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
China Gold imports surge – ING
China Gold imports surge – ING
China's Gold imports surged to an 11-month high last month despite record-high prices, according to customs data, ING’s commodity analysts Warren Patterson and Ewa Manthey note.
Gold
Metals
Commodities
Banks
XAUUSD
EUR/USD advances on US downgrade, German Merz to meet US Trump for trade talks
EUR/USD advances on US downgrade, German Merz to meet US Trump for trade talks
EUR/USD jumps to near 1.1350 on Wednesday, extending its winning streak for the third trading day. The major currency pair strengthens as the US Dollar (USD) continues to face a sharp selling pressure amid the United States (US) credit rating erosion.
EURUSD
ECB
Fed
UnitedStates
SEO
AUD/USD: Likely to trade in a sideways range of 0.6400/0.6450 – UOB Group
AUD/USD: Likely to trade in a sideways range of 0.6400/0.6450 – UOB Group
Australian Dollar (AUD) is likely to trade in a sideways range of 0.6400/0.6450 vs US Dollar (USD). In the longer run, outlook is mixed; AUD is likely to trade in a range between 0.6370 and 0.6480, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
Gas: Outages in Norway boost the market – ING
Gas: Outages in Norway boost the market – ING
European natural Gas prices had a strong day yesterday, with the Title Transfer Facility (TTF) settling almost 5% higher, ING’s commodity analysts Warren Patterson and Ewa Manthey note.
Gas
Banks
Energy
Europe
USD: Hoping for some positive headlines from Canada – ING
USD: Hoping for some positive headlines from Canada – ING
Periods of data silence often serve as a useful gauge of the market’s underlying bias in FX.
Banks
Technical Analysis
USDCAD
ECB's Kazaks: ECB will soon reach terminal rate if baseline holds
ECB's Kazaks: ECB will soon reach terminal rate if baseline holds
European Central Bank (ECB) policymaker Martins Kazaks said on Wednesday, “the ECB will soon reach terminal rate if baseline holds.”
ECB
CentralBanks
InterestRate
EURUSD
Silver Price Forecast: XAG/USD bulls have the upper hand near $33.15-$33.20 area, over one-week top
Silver Price Forecast: XAG/USD bulls have the upper hand near $33.15-$33.20 area, over one-week top
Silver (XAG/USD) reverses an intraday dip to the $33.00 neighborhood and climbs to over a one-week high during the first half of the European session on Wednesday. The white metal currently trades around the $33.15-$33.20 region, up 0.20% for the day, and seems poised to appreciate further.
Silver
Commodities
Technical Analysis
XAGUSD
GBP/USD: Major resistance at 1.3445 is likely out of reach – UOB Group
GBP/USD: Major resistance at 1.3445 is likely out of reach – UOB Group
Pound Sterling (GBP) could edge higher and test 1.3420; the major resistance at 1.3445 is likely out of reach for now. In the longer run, GBP could continue to rise; based on the current momentum, it might find 1.3445 difficult to break, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Technical Analysis
Banks
Silver price today: Silver rises, according to FXStreet data
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.
Silver
Commodities
Metals
Google's VEO 3 AI Video Generation is Insane. Hollywood (and Related) Stocks to Short?
Google's VEO 3 AI Video Generation is Insane. Hollywood (and Related) Stocks to Short?
Google's Veo3 AI video generation tool, and perhaps SORA by Open.AI, are making moves to disrupt Hollywood and impacting film making stocks. Learn which stocks might be at risk and how Netflix could possibly benefit from AI advancements
Stocks
Geopolitical risks grow – ING
Geopolitical risks grow – ING
The oil market spiked in early morning trading on media reports suggesting that Israel could be planning a strike on Iranian nuclear facilities, ING’s commodity analysts Warren Patterson and Ewa Manthey note.
Oil
Commodities
Banks
Energy
WTI
AUD/JPY remains steady near 93.00, downside appears due to hawkish tone surrounding BoJ
AUD/JPY remains steady near 93.00, downside appears due to hawkish tone surrounding BoJ
AUD/JPY remains steady and is holding ground near 92.80 during the Asian trading hours on Wednesday. The currency cross depreciated by more than 0.50% in the previous session following the interest rate cuts from the Reserve Bank of Australia (RBA) and the People’s Bank of China (PBoC).
AUDJPY
Crosses
Macroeconomics
Japan
Australia
Gold price rally hits curb at technical resistance while making over 3%
Gold price rally hits curb at technical resistance while making over 3%
Gold (XAU/USD) edges higher on Wednesday towards $3,310 at the time of writing, with grave concerns that tensions in the Middle East could spiral out of control again and Trump's fiscal bill possibly not passing Congress.
Gold
Commodities
UnitedStates
SEO
GBP: Don't take inflation spike – ING
GBP: Don't take inflation spike – ING
UK inflation for April surprised on the hot side this morning, with service CPI spiking from 4.7% to 5.4% against expectations for 4.8%, ING’s FX analyst Francesco Pesole notes.
GBPUSD
Banks
Technical Analysis