August 12, 2026 11:28 am
Key Moments EUR/JPY slipped back to 183.50 after briefly pushing above 184.00 before dropping to 1.8315. Germany’s July HICP rose to 2.8% year-over-year, with energy inflation jumping to 7.3%. A hawkish-leaning Bank of Japan Summary of Opinions has helped the Yen recover some recent losses. Euro Pulls Back Against Yen Amid Risk-Off Mood The Euro […]
Read moreAugust 12, 2026 10:05 am
Key Moments Norges Bank kept its key policy rate at 4.25% in June while projecting the year-end rate at just over 4.5%. Recent mixed July inflation figures and persistently strong price pressures point to an unchanged rate decision tomorrow. A possible hike is viewed as more likely in September, when updated forecasts will be available […]
Read moreAugust 12, 2026 9:47 am
Key Moments The Brazilian Real (BRL) underperformed despite a generally favorable backdrop for FX carry trades. A bank’s downgrade of Brazilian equities and a new presidential poll showing President Lula extending his lead weighed on BRL. ING’s Chris Turner expects high implied yields and Brazil’s net energy exporter status to support BRL, with USD/BRL seen […]
Read moreAugust 12, 2026 9:42 am
Key Moments Rabobank’s Jane Foley highlights that UK budget uncertainty is underpinning a cautious stance on EUR/GBP, with a preference to buy on pullbacks toward 0.85. Planned fiscal rule flexibility and increased infrastructure spending under the Burnham government are seen as potential sources of additional gilt supply and tax concerns. Market nerves around UK fiscal […]
Read moreAugust 12, 2026 9:35 am
Key Moments USD/CHF trades around 0.8125, up 0.17%, with the Swiss Franc weaker against the U.S. Dollar ahead of the July CPI release. Consensus expectations point to subdued U.S. inflation, with headline CPI seen at 0.1% month-on-month and core at 0.2%. USD/CHF holds a mildly bullish technical bias above its 20-day EMA at 0.8104, with […]
Read moreAugust 12, 2026 8:24 am
Key Moments GBP/JPY trades near a two-week high around 215.35-215.40 during the first half of Wednesday’s European session, extending its rebound from last week’s early-March lows. The Yen gives back much of its recent recovery as Japan’s still-low borrowing costs keep carry trades attractive despite a Bank of Japan rate hike to the highest level […]
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