Analyzes

USD/JPY is stuck in a 158–154.5 consolidation ahead of Friday’s NFP, with a mild bullish bias above 154.5 unless a risk-off shock boosts the yen.

USD/ZAR remains firmly bearish with the rand at a 3-year high, and rallies into resistance zones (16.50 and 16.91) look like sell opportunities unless momentum flips.

GBP/JPY is drifting lower short term, but strong carry-trade dynamics and a bullish flag setup keep the bias tilted to buying dips.

USD/CAD is grinding higher into 1.38 resistance, with weak oil and modest yield support for USD, while 1.36 remains the key downside floor ahead of jobs data.

AUD/USD remains supported by hawkish RBA expectations, China-linked tailwinds, and broad USD softness, though near-term consolidation is possible before the next push higher.

Gold is correcting from weekly highs of $4,500 early Wednesday as buyers take a breather after the recent relentless upsurge, backed by geopolitical flare-ups globally and increased US Federal Reserve (Fed) interest rate cut bets for 2026.