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USD/JPY Price Forecast: US Dollar is nearing a key support area at 147.00

The US Dollar is trading lower against its main peers on Wednesday, and has extended its reversal against the Japanese Yen after the moderate US inflation figures shown on Tuesday boosted hopes that the Fed will cut interest rates in after the summer.July's Consumer Prices Index figures showed that

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AUD/USD jumps to near 0.6560 as US Dollar underperforms across the board

The AUD/USD pair posts a fresh two-week high around 0.6560 during the European trading session on Wednesday.

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USD/CNH: Any decline is unlikely to threaten 7.1700 - UOB Group

US Dollar (USD) is likely to edge lower to 7.1780; any further decline is unlikely to threaten the support at 7.1700.

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NZD/USD approaches 0.6000 amid generalised US Dollar weakness  

The New Zealand Dollar appreciates further on Wednesday after breaching resistance at 0.5970 (July 29, August 8 highs), and the pair advances towards the 0.6000 psychological level, boosted by risk appetite and a weaker US Dollar.Investors are celebrating the moderate US inflation figures released o

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USD/JPY: Likely to trade between 147.20 and 149.20 - UOB Group

Bias for US Dollar (USD) is tilted to the downside, but the major support at 147.20 is unlikely to come under threat (there is another support level at 147.50).

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USD/BRL retreats below 50-DMA, tests key support - Société Générale

USD/BRL is under pressure after failing to break July's peak, slipping below its 50-day moving average and testing key support near 5.39/5.37, with further downside risk if the level gives way, Société Générale's FX analysts note.

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Silver price today: Silver rises, according to FXStreet data

Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.

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NZD/USD might reach 0.6000 in the sort run - UOB Group

Upward momentum is building, but not significantly; New Zealand Dollar (NZD) could edge higher, but it is currently unclear if it can reach 0.6000, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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TRY: Discouraging picture from June's balance of payments data - Commerzbank

Turkey's current account significantly deteriorated in June, registering a deficit of $2.0 billion (versus a $680mn deficit recorded a month ago, and surplus recorded a year ago); the print exceeded analyst expectations of $1.3bn deficit.

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AUD/USD: Any advance is unlikely to reach the major resistance at 0.6555 - UOB Group

Australian Dollar (AUD) could rise further against US Dollar (USD); any advance is unlikely to reach the major resistance at 0.6555.

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EUR/JPY price forecast: Hovers around 172.50, eyes nine-day EMA support

EUR/JPY halts its three-day winning streak, trading around 172.50 during the European hours on Wednesday. The technical analysis of the daily chart suggests an ongoing bullish bias as the currency cross is moving upwards within the ascending channel pattern.

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US: Attacks on US institutions continue - Commerzbank

On Monday night, Donald Trump announced on social media that he would appoint the chief economist of the Heritage Foundation, a right-wing think tank, as the new head of the statistics agency, having dismissed the former head following the publication of weak labour market data just around a week an

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GBP/USD: Too early to expect the late July high, near 1.3590 - UOB Group

There is scope for Pound Sterling (GBP) to continue to rise to 1.3555. Above this level, one can expect GBP/USD to rise towards the late July high, near 1.3590, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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AUD/USD: Favour buying dips - OCBC

Australian Dollar (AUD) slipped post-RBA yesterday, but dip was brief. Pair was last at 0.6549 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

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US inflation figures interpreted as dovish - Commerzbank

Yesterday's eagerly awaited US inflation figures led to a significant weakening of the USD. Rather than heading towards 1.16, EUR/USD is back on track for 1.17 this morning, Commerzbank's FX analyst Michael Pfister notes.

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US Dollar slumps below 98.00 as Fed rate cut odds rise, Fedspeak awaited

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its losses for the second successive session and trading around 97.80 during the European hours on Wednesday.

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DXY: Bias to sell rallies - OCBC

US Dollar (USD) traded under pressure overnight post-CPI release and on comments from Treasury Secretary Scott Bessent. DXY was last at 97.72 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

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USD: Stronger bearish case after CPI report - ING

Yesterday's US CPI release turned out to be a dollar-negative event. Core inflation accelerating to 3.1% YoY and 0.33% MoM is far from ideal, but equally not alarming enough to overshadow the deterioration in the jobs market, ING's FX analyst Francesco Pesole notes.

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OPEC sees tighter oil market in 2026 - ING

Oil prices continued to move lower yesterday, with the market focused on Friday's Trump-Putin meeting. The outcome could remove some of the sanction risk hanging over the market.

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US July inflation: Headline a bit under, core a bit over expectations - UOB Group

Headline CPI was restrained by muted food inflation, weaker energy prices, but core CPI inflation picked up to the fastest pace year-to-date, driven by reaccelerating services costs but held back partly by subdued goods inflation, UOB Group's Senior Economist Alvin Liew notes.

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