FxAnalysis

The US dollar surged past 159 yen, signaling bullish continuation as carry trade demand and Bank of Japan policy divergence keep buyers in control.

Silver continues its powerful rally, driven by supply concerns and dovish Fed expectations, with bulls setting sights on the key $100 target.

The Euro failed to rally despite soft US CPI data, rejecting the 50-day EMA and suggesting continued range-bound trading with downside risks.

A resurgent US Dollar is helping drive down the price, but the supportive area above the nearest round number below looks likely to hold.

The GBP/USD exchange rate retreated sharply after the US published the latest Consumer Price Index (CPI) data.

EUR/USD is ticking up on Wednesday, trading near 1.1650 at the time of writing, but lacks momentum to take distance from the one-month lows in the 1.1615 area. The US Dollar maintains a moderate bullish bias, despite the moderate inflation figures released on Tuesday.