Fundamental

USD/JPY drifted lower after a CPI miss, but the broader uptrend remains supported by a persistent rate differential and strong long-term bullish bias.

EUR/USD fluctuates in a tight channel above 1.1700 after posting marginal losses on Thursday. The pair’s technical outlook points to a lack of buyer interest in the short term.

Gold (XAU/USD) extends the previous day’s late pullback from the vicinity of the record high and attracts some follow-through selling during the Asian session on Friday. The US Consumer Price Index (CPI) report released on Thursday pointed to cooling of inflationary pressure.

Gold remains strongly bullish near record highs, with safe-haven demand and Fed expectations driving targets toward $4,400, $4,435, and $4,500.

EUR/USD climbs toward 1.1800 on Fed-driven dollar weakness, but overbought signals and policy uncertainty limit bullish momentum.

NZD/USD trades lower despite strong GDP figures, as nervous market sentiment and thin liquidity keep the pair hovering near key support around 0.5760.