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USDJPY Technical Analysis – Is this a breakout or just a fakeout?
USDJPY Technical Analysis – Is this a breakout or just a fakeout?
The USDJPY pair rises above the key resistance following the US CPI. What’s next?
JPY
USD
EUR/USD stalls near three-week lows with all eyes on the US PPI release
EUR/USD stalls near three-week lows with all eyes on the US PPI release
The EUR/USD pair is posting minor gains on Wednesday, correcting higher after losing more than 0.5% on Tuesday. US Consumer Prices Index (CPI) figures confirmed the inflationary trend foreseen by the Federal Reserve (Fed), curbing hopes of rate cuts in the coming months.
EURUSD
Technical Analysis
Currencies
SEO
GBP/JPY Price Forecast: Crucial upside barrier emerges near 200.00
GBP/JPY Price Forecast: Crucial upside barrier emerges near 200.00
The GBP/JPY cross trades with mild gains around 199.45 during the early European session on Wednesday. The hotter-than-expected UK June CPI inflation report provides some support to the Pound Sterling (GBP) against the Japanese Yen (JPY).
GBPJPY
Technical Analysis
Crosses
EUR/JPY Price Forecast: Remains bullish above 173.00, overbought RSI warrants caution for bulls
EUR/JPY Price Forecast: Remains bullish above 173.00, overbought RSI warrants caution for bulls
The EUR/JPY cross gains momentum to around 173.10 during the Asian trading hours on Wednesday. The Japanese Yen (JPY) softens against the Euro (EUR) as traders reduce bets for an immediate interest rate hike by the Bank of Japan (BoJ) due to concerns over the economic fallout from higher US tariffs.
EURJPY
Crosses
Technical Analysis
Bullish
FX option expiries for 16 July 10am New York cut
FX option expiries for 16 July 10am New York cut
A look at what is on the board for today
FX option expiries for 16 July 10am New York cut
FX option expiries for 16 July 10am New York cut
A look at what is on the board for today
EUR/USD sinks towards 1.1600 as US inflation rises and crushes Fed cut hopes
EUR/USD sinks towards 1.1600 as US inflation rises and crushes Fed cut hopes
The EUR/USD fell some 0.55% on Tuesday after the latest US inflation report revealed that prices are edging higher, justifying the Federal Reserve's current policy stance. Hence, traders trimmed bets that the Fed would cut rates at the July meeting.
EURUSD
Fundamental Analysis
Technical Analysis
Majors
SEO
Gold drops as hot CPI report boosts the US Dollar, increases Fed hold bets
Gold drops as hot CPI report boosts the US Dollar, increases Fed hold bets
Gold price tumbled on Tuesday, down more than 0.40% following the release of the latest inflation report in the United States (US), which boosted the US Dollar to the detriment of the precious metal.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO
NZDUSD remains volatile, bearish pressure builds below key swing zone
NZDUSD remains volatile, bearish pressure builds below key swing zone
Break below key support zone shifts focus to deeper retracement targets
NZD
USD
NZDUSD remains volatile, bearish pressure builds below key swing zone
NZDUSD remains volatile, bearish pressure builds below key swing zone
Break below key support zone shifts focus to deeper retracement targets
NZD
USD
GBP/JPY strengthens ahead of UK CPI as diverging monetary policies and Yen weakness supports gains
GBP/JPY strengthens ahead of UK CPI as diverging monetary policies and Yen weakness supports gains
The British Pound (GBP) continues to appreciate against the Japanese Yen (JPY) on Tuesday, as diverging central bank policies and rising geopolitical tensions support bullish momentum.
GBPJPY
Crosses
Technical Analysis
Macroeconomics
EUR/JPY near YTD highs on tariff threats and political uncertainty in Japan
EUR/JPY near YTD highs on tariff threats and political uncertainty in Japan
The Euro (EUR) strengthened against the Japanese Yen (JPY) on Tuesday as investors rotated out of the Yen amid a mix of geopolitical and domestic policy concerns.
EURJPY
Crosses
Fundamental Analysis
Technical Analysis
The USDJPY is stretching higher and above swing area
The USDJPY is stretching higher and above swing area
The 50% midpoint at 149.375 is the next target
JPY
USD
The USDJPY is stretching higher and above swing area
The USDJPY is stretching higher and above swing area
The 50% midpoint at 149.375 is the next target
JPY
USD
USDCHF breaks out above range, eyes next resistance targets
USDCHF breaks out above range, eyes next resistance targets
Breaks to the upside and above the 38.2% retracement at 0.8002. Highest level since June 26
USDCHF breaks out above range, eyes next resistance targets
USDCHF breaks out above range, eyes next resistance targets
Breaks to the upside and above the 38.2% retracement at 0.8002. Highest level since June 26
USD/JPY surges closer to 149.00 as US inflation climbs, Fed rate cut bets trimmed
USD/JPY surges closer to 149.00 as US inflation climbs, Fed rate cut bets trimmed
The USD/JPY rallies sharply over 0.86% during the North American session, trading at 148.95, approaching the 149.00 figure for the first time since April 2025. A slightly hot CPI report in the United States (US) sent US Treasury yields soaring, while traders priced out a short-term rate cut.
USDJPY
Majors
Fed
Currencies
Technical Analysis
GBP/USD falls below 1.3400 as US inflation reignites Dollar rally
GBP/USD falls below 1.3400 as US inflation reignites Dollar rally
The GBP/USD extended its losses to four consecutive days after the latest inflation report in the United States (US) showed signs of rising, the first indication that tariffs triggered a jump in prices. At the time of writing, the pair trades below 1.3400, down by 0.23%.
GBPUSD
Majors
Macroeconomics
Currencies
Technical Analysis
EUR/CHF Price Forecast: Bearish structure holds as pair hovers near 0.9300
EUR/CHF Price Forecast: Bearish structure holds as pair hovers near 0.9300
The Euro (EUR) is trading in a narrow range against the Swiss Franc (CHF) on Tuesday, with price action consolidating near the 0.9300 mark.
Technical Analysis
Crosses
Currencies
EURCHF
The USD continues its move higher
The USD continues its move higher
A look at some of the major pairs vs the USD
The USD continues its move higher
The USD continues its move higher
A look at some of the major pairs vs the USD
EUR/JPY climbs toward 173.00 amid persistent Yen weakness
EUR/JPY climbs toward 173.00 amid persistent Yen weakness
The Euro extends its advance for the third consecutive session against the Japanese Yen on Tuesday, with EUR/JPY climbing toward the 173.00 level during the American session — a level last seen on 12 July 2024.
EURJPY
Crosses
Technical Analysis
Intraday Update: USDCAD facing critical resistance at 1.3710 amidst consolidation phase
Intraday Update: USDCAD facing critical resistance at 1.3710 amidst consolidation phase
USDCAD testing key resistance at 1.3710 after bouncing off support at 1.36697. Traders await breakout for bullish momentum confirmation.
Intraday Update: USDCAD facing critical resistance at 1.3710 amidst consolidation phase
Intraday Update: USDCAD facing critical resistance at 1.3710 amidst consolidation phase
USDCAD testing key resistance at 1.3710 after bouncing off support at 1.36697. Traders await breakout for bullish momentum confirmation.
Silver pulls back below $38.50 as bullish momentum fades on firm US Dollar, CPI data
Silver pulls back below $38.50 as bullish momentum fades on firm US Dollar, CPI data
The price of Silver is attempting to recover from Monday’s slump as traders digest fresh economic data from China, the Eurozone, and the United States.
Silver
XAGUSD
DollarIndex
CPI
Technical Analysis
Bullish
USDCHF is having a tough time of deciding higher or lower
USDCHF is having a tough time of deciding higher or lower
The 0.7919 to 0.7994 area is confining the range
USDCHF is having a tough time of deciding higher or lower
USDCHF is having a tough time of deciding higher or lower
The 0.7919 to 0.7994 area is confining the range
EURUSD initially rises after CPI but stays below the 100 hour MA
EURUSD initially rises after CPI but stays below the 100 hour MA
The 100 hour MA comes in at 1.16927. That MA has stalled the rise twice today
EURUSD initially rises after CPI but stays below the 100 hour MA
EURUSD initially rises after CPI but stays below the 100 hour MA
The 100 hour MA comes in at 1.16927. That MA has stalled the rise twice today
US CPI will kickstart the US trading day. The USD is mostly lower to start the day
US CPI will kickstart the US trading day. The USD is mostly lower to start the day
What are the key technical levels in play for the EURUSD, USDJPY and GBPUSD ahead of the key CPI data?
US CPI will kickstart the US trading day. The USD is mostly lower to start the day
US CPI will kickstart the US trading day. The USD is mostly lower to start the day
What are the key technical levels in play for the EURUSD, USDJPY and GBPUSD ahead of the key CPI data?
Gold slips as CPI data tempers rate cut hopes with Fed credibility in focus
Gold slips as CPI data tempers rate cut hopes with Fed credibility in focus
Gold (XAU/USD) is trading in a narrow range on Tuesday, following the US Consumer Price Index (CPI) report that reinforced expectations the Federal Reserve (Fed) may refrain from a near-term rate pivot.
Gold
XAUUSD
Technical Analysis
Inflation
SEO
EUR supported by broader tone – Scotiabank
EUR supported by broader tone – Scotiabank
The Euro (EUR) is up a modest 0.2% against the US Dollar (USD) and attempting stabilization in the mid/upper-1.16s, supported by an improvement in the broader market’s mood, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EURUSD
Banks
ECB
Technical Analysis
USD/CNH: Likely to trade sideways between 7.1630 and 7.1780 – UOB Group
USD/CNH: Likely to trade sideways between 7.1630 and 7.1780 – UOB Group
US Dollar (USD) is likely to trade sideways between 7.1630 and 7.1780 against Chinese Yuan (CNH). In the longer run, USD is expected to trade in a range between 7.1550 and 7.1920, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
Gold Price Forecast: XAU/USD holds gains above $3,340 with US inflation on tap
Gold Price Forecast: XAU/USD holds gains above $3,340 with US inflation on tap
Gold (XAU/USD) correction has been limited at $3,340, and the precious metal is retracing previous losses on Tuesday, approaching three-week highs at $3,380 as US Treasury yields and the US Dollar pull back from recent highs ahead of the US CPI release.The US Dollar Index, which measures the value o
XAUUSD
Gold
Metals
Commodities
Technical Analysis
Dow Jones futures trade calmly ahead of US banks’ Q2 earnings, inflation data
Dow Jones futures trade calmly ahead of US banks’ Q2 earnings, inflation data
Dow Jones futures trade quietly during the European trading session on Tuesday as investors await quarterly results from a number of United States (US) commercial banks and the Consumer Price Index (CPI) data for June, which will be published at 12:30 GMT.
DowJones
CPI
Equities
Inflation
Technical Analysis
USD/JPY: Any advance is unlikely to break above 148.05 – UOB Group
USD/JPY: Any advance is unlikely to break above 148.05 – UOB Group
Further US Dollar (USD) strength is not ruled out against Japanese Yen (JPY); negative divergence suggests any advance is unlikely to break above 148.05.
USDJPY
Banks
Technical Analysis
NZD/USD: sustained break below 0.5950 is unlikely – UOB Group
NZD/USD: sustained break below 0.5950 is unlikely – UOB Group
New Zealand Dollar (NZD) could test 0.5950 against US Dollar (USD); a sustained break below this level is unlikely. In the longer run, price action indicates that further NZD weakness is likely; the level to watch is 0.5950, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Banks
Technical Analysis
Broker Rebates