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USD/JPY soars to near 154.00 as Japanese Yen plunges after BoJ's policy announcement
The USD/JPY pair trades 0.8% higher to near 154.00 during the European trading session on Thursday. The pair strengthens as the Japanese Yen (JPY) underperforms across the board following the Bank of Japan (BoJ) monetary policy announcement earlier in the day.

EUR/USD rebounds above 1.1600 after Fed-driven dip - BBH
EUR/USD retraced earlier losses to trade above 1.1600 ahead of the ECB meeting, where the policy rate is widely expected to remain at 2.00%. Strong Q3 GDP growth and stable inflation reinforce the view that the bar for further easing is high, keeping the euro supported, BBH FX analysts report.

USD/CNH might drop below 7.0860 - UOB Group
The price action suggests US Dollar (USD) could drop below 7.0860; the next level to watch is 7.0770. Only a breach of 7.1150 would indicate the decline in USD has stabilised, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD/JPY jumps to 153.90 as BOJ holds rates steady - BBH
USD/JPY rallied to its highest since mid-February after the Bank of Japan delivered a neutral policy hold, keeping rates at 0.50%.

NZD/USD appears to have entered a 0.5750/0.5790 sideways-trading phase - UOB Group
New Zealand Dollar (NZD) appears to have entered a 0.5750/0.5790 sideways-trading phase. In the longer run, NZD is expected to trade in a range between 0.5730 and 0.5805, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

NZD/USD Price Forecast: Under growing pressure, nears support at 0.5750
The New Zealand Dollar is coming into growing bearish pressure against the US Dollar, following its rejection from the 0.5805 area on Wednesday.

USD firms as Fed signals slower pace of easing - BBH
US Dollar (USD) and Treasury yields are consolidating their post FOMC meeting gains. The US and China agreed to a one year trade truce. Under the deal, both countries plan to cancel some tariffs, roll back export controls and reduce other trade barriers.

EUR/GBP hits two-year high as Eurozone GDP surprises, Pound under pressure
The EUR/GBP pair trades around 0.8810 on Thursday at the time of writing, up 0.20% on the day and hovering near its highest level in more than two years, as traders brace for the European Central Bank (ECB) monetary policy announcement later in the day.

AUD/USD gives up early gains as US Dollar rebounds after Trump-Xi meeting
The AUD/USD pair gives back its early gains and ticks down to near 0.6570 during the European trading session on Thursday.

USD/CAD picks up to 1.3950 amid a firmer US Dollar
The US Dollar is regaining lost ground against the Loonie, amid broader Greenback strength as markets ponder the scope of the Sino-US trade deal.

AUD/USD: Likely to trade between 0.6550 and 0.6605 - UOB Group
The current price movements are likely part of a range-trading phase between 0.6550 and 0.6605. In the longer run, the price action continues to suggest AUD strength; the next level to watch is 0.6630, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

GBP/USD: Likely to consolidate between 1.3140 and 1.3245 - UOB Group
Pound Sterling (GBP) is likely to consolidate between 1.3140 and 1.3245. In the longer run, GBP is still negative, but it remains to be seen if 1.3100 is within reach during this phase of weakness, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Euro area: Inflation model predicts no surprise - Standard Chartered
Standard Chartered's inflation model uses surprise vs consensus for Spain core inflation to predict region-wide surprises. It predicts that euro-area core HICP inflation for October will be in line with consensus' 2.3% y/y number.

USD: Fed discord makes the dollar a tougher sell - ING
The US Dollar (USD) is broadly, albeit modestly, stronger after last night's FOMC statement and press conference. The statement was largely as expected, but the press conference turned into a kind of 'rate protest' from the Federal Reserve.

EUR/USD picks up from lows as the focus turns to the ECB
EUR/USD is going through a mild recovery on Thursday, trading around 1.1620 at the time of writing, after having hit lows at 1.1580 on Wednesday.

Copper hits record high - ING
Copper hit a record on the LME yesterday, topping its previous high of $11,104.50/t set in May 2024. A supportive macro backdrop, falling US Dollar (USD), rate cuts and low inventories have lifted industrial metals prices recently, ING's commodity experts Ewa Manthey and Warren Patterson note.

EUR/JPY Price Forecast: Trades near record highs above 178.00 as bullish bias persists
EUR/JPY gains ground after remaining flat in the previous session, trading around 178.50, near record highs, during the European hours on Thursday.

JPY: Policy rate unchanged - Commerzbank
As expected, the Bank of Japan (BoJ) left its key interest rate unchanged at 0.5% at its monetary policy meeting this morning.

Funds trim TTF Gas longs amid fresh short positions - ING
Investment funds reduced their net long exposure in TTF natural Gas by 14.3TWh to 46.2TWh last week, mainly due to new short positions. Despite storage levels slipping to just under 83%--below the five-year average--European Gas prices remain range-bound.

USD: Not much news out of South Korea - Commerzbank
Not long ago, the long anticipated meeting between Donald Trump and Xi Jinping came to an end, but just from looking at the fx markets you might have missed it.
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