The USD/JPY forecast edges lower as the BoJ’s Ueda left hawkish remarks. The BoJ hinted at rate hikes to prevent a resurgence in inflationary pressure. With Fed easing, the central bank divergence continues to favor the USD/JPY bears in the near term. The USD/JPY forecast remains slightly lower on Monday as the pair slipped to…
The post USD/JPY Forecast: Yen Firms as BoJ Signals Imminent Rate Hike appeared first on Forex Crunch.
The GBP/USD outlook shows a rebound in the dollar. The dollar eased in the previous session as traders worried about a likely firing of Fed Chair Jerome Powell. The CPI increased by 3.6% compared to the forecast of 3.4%. The GBP/USD outlook shows a rebound in the dollar after Trump denied reports he was planning……
The GBP/USD forecast remains positive above 1.3500 after the Fed’s dovish tone. The BOE-Fed divergence points at stronger gains towards fresh yearly highs. Markets are in a lull before key macro releases like US GDP, Core PCE, and Durable Goods Orders. The British pound pared its losses sharply on Friday after Fed Chair Powell struck……
AUD/USD forecast remains up as the pair climbs near 0.6630 amid stronger-than-expected Australian CPI data. The Fed remains cautious on rate cuts, with Powell stressing inflation risks, while Bowman advocates for faster easing to protect the labor market. The RBA is seen as more hawkish than the Fed, with Barclays forecasting the AUD/USD to break……
The GBP/USD forecast recovered briefly as the dollar weakened. The latest UK retail sales and flash S&P Global PMI boosted the pound, reducing the probability of a rate cut by the BoE. Traders look ahead to the US HPI Y/Y and Consumer Confidence for further impetus. The GBP/USD price halted its six-day losing streak, trading……
Euro weakens amid French political turmoil while dollar’s safe-haven appeal revives. The Euro regained temporary strength after French political conditions eased, but sentiment maintained a bearish bias amid weak Eurozone data and a divided Fed outlook. Traders look forward to the Consumer Price Index and Eurozone Harmonized Index of Consumer Prices for market direction cues. ……
The USD/CAD forecast indicates a pause in the dollar’s rally. Treasury yields collapsed after a successful 10-year note auction. Fed policymakers believe rate cuts will be appropriate later in the year. The USD/CAD forecast indicates a pause in the dollar’s rally after a sharp collapse in Treasury yields in the previous session. At the same……
