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: 2025.08.29
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USD/JPY: Markets balance weaker data and supportive spreads - Scotiabank
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USD/JPY: Markets balance weaker data and supportive spreads - Scotiabank
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2025.08.29 20:52
2025.08.29 20:52
2025.08.29 20:52
The Japanese Yen (JPY) is entering Friday's NA session flat from Thursday's close, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
JPY remains unchanged on the day
"The overnight range was remarkably tight, with no material reaction to the release of weaker than expected industrial production and retail sales data for July. Tokyo CPI data met expectations, at 2.5% y/y on headline while the narrower (ex-food, energy) CPI printed 3.0% y/y."
"The outlook for relative central bank policy remains a core component of our bullish JPY view, as we look to renewed hawkishness from the BoJ and an intensification of dovishness from the Fed. Narrower US-Japan yield spreads reflect this, opening up a divergence to USD/JPY."
"We are bearish USD/JPY, looking to a break of recent trend support offered by the 50 day MA (147.01) and anticipate a push to the lower end of the recent range ~142.00."
Last updated
: 2025.08.29
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EUR/CHF Price Forecast: Euro steadies below 100-day EMA, eyes 0.9400 hurdle
The EUR/CHF attracts buyers on Friday, extending gains for a second straight day after a three-day decline earlier in the week. The cross is trading near 0.9358 at the start of the American session, holding just below the 100-day Exponential Moving Average (EMA).
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2025.08.29 21:33USD/CAD steady near 1.3750 as traders await US PCE inflation and Canada GDP
The USD/CAD is virtually unchanged on Friday, trading flat after pausing a three-day losing streak as traders turn cautious ahead of the US Personal Consumption Expenditures (PCE) inflation report and Canada's Gross Domestic Product (GDP), both scheduled for release at 12:30 GMT.
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2025.08.29 20:54USD/JPY: Markets balance weaker data and supportive spreads - Scotiabank
The Japanese Yen (JPY) is entering Friday's NA session flat from Thursday's close, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.08.29 20:51USD/CNH remains negative - UOB Group
The sharp drop in US Dollar (USD) could test 7.1100 before stabilization can be expected; the next support at 7.1000 is unlikely to come into view.
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2025.08.29 20:49GBP is weak within range - Scotiabank
The Pound Sterling (GBP) is weak, down 0.4% against the US Dollar (USD) and underperforming all of the G10 currencies as we enter Friday's NA open.
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2025.08.29 20:47USD/JPY: Outlook is mixed - UOB Group
US Dollar (USD) could edge lower; based on the current momentum, it may not reach the major support at 146.40. In the longer run, outlook is mixed; USD could trade in a range between 146.40 and 148.40, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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2025.08.29 20:45EUR quiet in tight range with mixed data ahead of German CPI - Scotiabank
The Euro (EUR) is quietly consolidating within a remarkably tight range and entering Friday's NA session unchanged from Thursday's close, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.08.29 20:42Escalating conflict between the White House and the Fed causes Gold to rise - Commerzbank
The Gold price surpassed the $3,400 per troy ounce mark yesterday and climbed further to a five-week high, Commerzbank's commodity analyst Carsten Fritsch notes.
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2025.08.29 20:40Silver Price Forecast: XAG/USD corrects slightly from $39 ahead of US PCE inflation data
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2025.08.29 20:37CAD gains stalled in low/mid 1.37s ahead of GDP data - Scotiabank
Canadian Dollar (CAD) gains have stalled in the low/mid-1.37 zone, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.08.29 20:37Disclaimer:
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