The Indian Rupee (INR) opens lower against the US Dollar (USD) on Friday after a holiday the previous day due to Ram Navami celebrations. The USD/INR pair rises to near 94.60, very close to its all-time high of 94.75, as market sentiment remains cautious amid confusion over peace talks between the United States (US) and Iran to end the…
If you’ve been watching the yen lately, you’ve noticed that USD/JPY, the currency pair that tells you how many yen one dollar buys, has risen to a number that makes Japanese officials nervous: 160. Right now, the pair is trading around ¥159–159.54. Traders consider this an “Intervention Zone,” an area where the Japanese government has previously said, “Enough is…
Summary: Trump pauses Iran energy strikes for 10 days, signalling diplomacy window Oil falls as immediate supply shock risk eases; gold rebounds Middle East tensions persist with attacks on US-linked regional assets Fed speakers reinforce “higher for longer” amid rising inflation pressures Japan signals FX intervention risk as yen weakness deepens China data strong but outlook clouded; LNG demand…
USD/CAD halts its four-day winning streak, trading around 1.3850 during the Asian hours on Friday. The pair weakens as the US Dollar (USD) softens on decreasing risk aversion after recent remarks from US President Donald Trump. Trump said Washington would pause attacks on Iran’s energy sector for 10 days at Tehran’s request, extending the April 6 deadline to allow…
Risk-off sentiment deepened on Thursday as mounting skepticism over a near-term US-Iran ceasefire drove oil sharply higher while equities, gold, and Bitcoin fell across the board. With Trump’s end-of-week deadline approaching and no meaningful progress from either side, the US dollar finished as the best-performing major currency of the session, supported by safe-haven flows and a steady climb in…
Japan flags FX intervention risk as oil-driven volatility pressures yen Summary: Japan signals readiness to stabilise funding conditions for businesses Authorities link FX volatility to oil-driven speculative moves G7 finance ministers to hold online meeting on market conditions Japan warns it will take “decisive steps” in FX if needed Officials monitoring markets with heightened vigilance Japan’s Finance Minister Katayama…
DBS Group Research economist Radhika Rao discusses how the Philippines’ declaration of a national energy emergency in response to Middle East supply risks could affect inflation, growth and the Philippines Peso (PHP). She notes pressure on onshore markets, record Peso weakness and underperforming equities, and expects the central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP) to maintain…
EUR/JPY just busted out of a triangle consolidation pattern on the 4-hour time frame! Are more traders waiting to hop in on a pullback? Check out these potential near-term correction levels: EUR/JPY 4-hour Forex Chart Faster with TradingView Global uncertainty and conflicting central bank biases have kept EUR/JPY stuck in a holding pattern for a couple of months already….
Iran offers conditional Hormuz access to Spain-linked vessels, signalling selective easing, though global energy flows remain constrained. Summary: Iran signals openness to Spain-linked Hormuz transit requests “Non-hostile vessels” allowed passage with coordination, per prior UN note First explicit concession toward an EU state amid ongoing conflict Limited practical impact given Spain’s small tanker presence in the Gulf Signs of…
Standard Chartered economists Chong Hoon Park and Arup Ghosh update their South Korea forecasts following higher Oil prices linked to Middle East tensions. They now see 2026 CPI inflation at 2.4% versus 2.0% previously, with Oil averaging USD 85/bbl. Growth is trimmed to 1.9% in 2026, while 2027 projections for growth and CPI remain unchanged. Oil-driven inflation and growth…
