March 13, 2026 7:48 am
Key Moments USD/JPY is moving closer to the 160 level that triggered past interventions. However, Japanese policymakers have stayed largely silent. Japan relies heavily on Middle East crude. In fact, much of it passes through the Strait of Hormuz, raising concerns about regional conflict. DBS says large strategic oil reserves could give authorities flexibility. Therefore, […]
Read moreMarch 13, 2026 7:32 am
Key Moments USD/CHF extends its advance for a fourth session, trading near 0.7870 and approaching its monthly high. Expectations have shifted to only one 25-bps Federal Reserve rate cut in 2026, supporting US yields and the Dollar. Safe-haven demand for the Swiss Franc remains muted amid concerns about potential SNB intervention in FX markets. USD/CHF […]
Read moreMarch 13, 2026 6:59 am
Key Moments AUD/JPY trades just above the mid-112.00s on Friday, extending a two-day negative bias without strong downside follow-through. Renewed fears of possible Japanese intervention trigger short-covering in JPY and cap upside in the AUD/JPY cross. Diverging BoJ and RBA policy expectations keep the broader bias tilted higher for AUD/JPY despite the current pullback. Cross […]
Read moreMarch 12, 2026 2:14 pm
Key Moments AUD/JPY has climbed to its highest level since 1990, helped by carry appeal and Australia’s role as a net energy exporter. Rabobank points to steady Bank of Japan policy expectations and speculation about earlier Reserve Bank of Australia rate hikes as key supports. The bank cautions that extended geopolitical tensions, rising volatility, and […]
Read moreMarch 12, 2026 1:50 pm
Key Moments USD/JPY trades around 158.90, hovering near its highest levels of the year with limited intraday movement. Middle East tensions and efforts to disrupt traffic through the Strait of Hormuz are keeping safe-haven demand for JPY in focus. Markets expect the Fed to keep rates unchanged on March 18, while the BoJ is seen […]
Read moreMarch 12, 2026 10:53 am
Key Moments ING analysts judge current market expectations for Bank of England policy as overly hawkish, with easing fully priced out after the Iran conflict. They highlight EUR/GBP’s ongoing negative relationship with oil prices, linked to the UK’s greater inflation challenges and energy sensitivity. ING’s valuation work indicates that EUR/GBP levels below 0.860 would appear […]
Read moreMarch 12, 2026 10:42 am
Key Moments Commerzbank’s Tatha Ghose expects the Central Bank of Turkey to leave its policy rate unchanged at today’s meeting, describing the move as a tactical pause. The bank continues to view recent rate cuts as “unjustified and dangerous for asset prices” amid entrenched inflation and a deteriorating current account. A continued, controlled depreciation path […]
Read moreMarch 12, 2026 10:04 am
Key Moments AUD has outperformed across G10 currencies despite volatility linked to the Iran conflict. Markets have repriced for a 66% chance of a back-to-back 25 bps RBA rate hike to 4.10% on March 17. AUD/USD climbed back above its pre-Operation Epic Fury level of 0.7118, reaching a Wednesday high of 0.7187. RBA Policy Divergence […]
Read moreMarch 12, 2026 9:32 am
Key Moments Bitcoin traded 0.7% lower at $69,454 by 02:14 ET (06:14 GMT), dipping below the $70,000 level but remaining broadly supported. Brent crude climbed back above $100 per barrel after earlier touching near $120, reviving worries about renewed inflation pressures. Altcoins were mostly subdued, with Ethereum marginally higher and XRP, Solana, and Dogecoin edging […]
Read moreMarch 12, 2026 9:04 am
Key Moments MUFG’s base case projects USD/INR at 92.00 by March 2026 and 93.50 by December 2026, assuming de-escalation in the Iran-Middle East conflict. A sustained Brent oil price of US$100/bbl is seen potentially pushing USD/INR to 95.50, with the Rupee under pressure from a wider current account deficit. In a left-tail scenario with oil […]
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