Euro holds gains against Japanese Yen as Germany’s Trade Surplus widens in May

The post What is keeping the Japanese Yen close to 40-year lows as extreme positioning meets intervention threats? appeared on BitcoinEthereumNews.com. The Japanese Yen (JPY) remains locked in a high-stakes standoff against the US Dollar, testing the ultimate limits of Tokyo’s tolerance for its local currency to depreciate. While a combination of a dovish Bank of Japan (BoJ), loose domestic fiscal policy, and structural vulnerabilities as a net energy importer continue to weigh down the asset, speculative short positioning has reached heavily stretched extremes.  Market observers warn that while the immediate technical path points to further gradual upside for the USD/JPY pair, the threat of unannounced government intervention looms large, setting the stage for a potentially violent and sudden trend reversal. USD/JPY daily chart. Source: FXStreet. Structural pressures and extreme positioning heighten intervention threats FX strategists at ABN AMRO note the market is aggressively probin

The post Japanese Yen gains against US Dollar despite renewed geopolitical risks appeared on BitcoinEthereumNews.com. The Japanese Yen (JPY) trades higher against the US Dollar (USD) despite renewed geopolitical risks. The USD/JPY pair is down 0.17% to near 162.35 as the US Dollar faces selling pressure even as the exchange of attacks between the United States (US) and Iran has de-anchored United States (US) inflation expectations again. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.15% -0.23% -0.16% 0.07% -0.15% -0.69% -0.29% EUR 0.15% -0.07% -0.04% 0.22% 0.03% -0.51% -0.13% GBP 0.23% 0.07% 0.04% 0.29% 0.10% -0.43% -0.05% JPY 0.16% 0.04% -0.04% 0.22% 0.05% -0.52% -0.12% CAD -0.07% -0.22% -0.29% -0.22% -0.19% -0.73% -0.34% AUD 0.15% -0.03% -0.10% -0.05% 0.19% -0.54% -0.15% NZD 0.69% 0.51% 0.43% 0.52% 0.73% 0.54% 0

The post Euro: Early gains against US Dollar at risk on Fed story – ING appeared on BitcoinEthereumNews.com. Chris Turner at ING highlights that EUR/USD has held up despite higher Oil, as Euro swap rates outperformed US rates on expectations of an ECB hike in September. However, he argues the Fed narrative will dominate, with EUR/USD likely to surrender gains and fall below 1.14. ECB minutes and energy prices should keep September hike expectations alive. Resilience questioned as Fed dominates “On the eurozone calendar today is the release of the ECB minutes for the 11 June meeting. We assume this will be pitched as hawkish and, combined with higher energy prices, keep expectations alive for a follow-up hike at the September meeting. That is currently priced at +22bp by money markets.” “EUR/USD has held up remarkably well given the jump in oil prices yesterday. Yield spreads did narrow in favour of the euro, where euro swap rates rose around 7-8bp more than short-dated US rates on the

The missile deployment in Germany signifies a strategic shift in European defense, potentially altering NATO dynamics and US-EU relations. The post US missiles heading to Germany as Chancellor Merz confirms deployment plans appeared first on Crypto Briefing.

The post EUR/USD Price Forecast: Euro wavers around 1.1430 with the bearish trend intact appeared on BitcoinEthereumNews.com. The Euro (EUR) posts moderate gains against the US Dollar (USD) on Thursday, hitting session highs near 1.1440, yet trapped within the weekly range, with the broader bearish trend in play. A softer US Dollar is providing some support to the Euro, but rising geopolitical tensions and the rebound in Oil prices keep weighing on the common currency. Data from Germany released earlier on Thursday revealed that the Trade Balance surplus increased beyond expectations in May, totalling EUR 19.1 billion, from the 14.5 billion surplus seen in April, with exports growing and imports contracting against expectations. The Euro received a minor boost after the data release. The US Dollar, on the other hand, is losing ground, with markets still hopeful that Washington and Tehran will return to the negotiating table, despite the escalating tensions. News that Qatar is pressing

The post Euro: Hawkish Fed keeps gains contained against US Dollar – Commerzbank appeared on BitcoinEthereumNews.com. Thu Lan Nguyen at Commerzbank notes that EUR/USD has traded in a narrow range and appears largely unaffected by Iran-related headlines, as the correlation with Oil has weakened. She highlights that markets now price Fed rate hikes despite softer labour data, reflecting a hawkish FOMC bias and reduced perceived risk of politically driven monetary easing in the United States. Fed reaction function supports Dollar “EUR/USD appears largely unaffected by the latest developments in the Iran conflict and continues to trade in a relatively narrow range. We had already pointed out that the correlation between the exchange rate and the oil price has diminished significantly.” “In other words, the market is now pricing in Fed rate hikes even in spite of a marked decline in oil prices.” “The fact that rate-hike expectations in the market are nevertheless holding up is mainly linked

The post Japanese Yen: Downside bias but mixed outlook – UOB appeared on BitcoinEthereumNews.com. United Overseas Bank’s (UOB) Quek Ser Leang notes USD/JPY retains an upside bias, with scope for a test of 162.80 intraday while major resistance at 163.00 is unlikely to be reached. Over 1–3 weeks, the outlook is mixed, with trading expected between 160.60 and 163.00. On a 1–3 month view, the advance can extend as long as the pair holds above the 21-day EMA at 161.00. Advance intact while above 161.00 “24-HOUR VIEW: While we indicated yesterday that “the bias for USD is tilted to the upside,” we pointed out that “any advance is likely to be limited to a test of 162.70.” We pointed out that “support is at 162.00, followed by 161.80.” We were not wrong, as after dipping briefly to 162.05, USD rose and printed a high of 162.70. USD then eased from the high to close at 162.58 (+0.30%). Although there has been no clear increase in upward momentum, there is scope for USD to test 162.80 before a

The post EUR/GBP Price Forecast: Languishes below 0.8550 with bullish attempts subdued appeared on BitcoinEthereumNews.com. The Euro (EUR) keeps treading water right above one-year lows against the British Pound (GBP) on Thursday. The EUR/GBP is trading flat in the area of 0.8530 at the time of writing, weighed by rising tensions between the US and Iran and the rebound in oil prices. In the Eurozone, German Trade Balance data beat expectations with a EUR 19.1 billion surplus in May, from the 14.5 billion surplus seen in April, as exports grew against expectations. The data, however, has failed to provide any significant support to the Euro. Meanwhile, the US has launched a new round of attacks in Iran, which targeted US bases in Gulf countries in retaliation. US President Donald Trump said on Wednesday that the ceasefire was over, and Crude prices have bounced up nearly10% with Brent Oil hitting the $80 level on Wednesday, after bottoming near $70.00 last week. Technical Analysis: EUR/