The Japanese Yen (JPY) stabilizes against the US Dollar (USD), with the USD/JPY pair hovering just below the 152.00 threshold on Wednesday, as markets digest the arrival of a new tandem at the helm of Japan’s economic policy.
The EUR/USD pair extends its weekly slide on Wednesday, currently trading at around 1.1580. In the absence of relevant news, the US Dollar (USD) continues to benefit from increased hopes of de-escalating tensions between the United States (US) and China.
Gold has shattered resistance for seven straight days, surging nearly 6% in a week as dovish Fed expectations and US-China trade war risks fuel the historic rally.
The USD/BRL has settled near 5.3880 after a tariff-induced spike, with traders eyeing potential support at 5.3810 and resistance around 5.3950 ahead of next week’s Fed decision.
EUR/USD remains under pressure as risk-off mood lifts the dollar. Momentum signals point lower and sellers stay in control. A sustained rebound likely needs a shift in risk sentiment plus supportive central-bank signals.
Gold’s uptrend remains intact after its sharpest 1-day fall in 5 years (-6%). Price rebounded above $4,100. Drivers: weaker USD, rate-cut bets, geopolitics; next catalyst—Friday’s US CPI.