The AUD/JPY cross trades in negative territory around 111.50 during the early European trading hours on Thursday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) amid fears of currency intervention from Japanese authorities.
Commerzbank’s Volkmar Baur says recent Australian labor market and inflation data provided little new momentum for the Australian Dollar (AUD) and support the view that the Reserve Bank of Australia (RBA) is unlikely to hike again this year.
The AUD/USD pair trades marginally lower to near 0.6890 during the European trading session on Thursday.
France Consumer Confidence meets forecasts (84) in June
Gold prices fell in India on Thursday, according to data compiled by FXStreet.
USD/IDR loses ground after three days of gains, trading around 17,970 during the Asian hours on Thursday. The pair depreciates as the Indonesian Rupiah (IDR) gains ground on improved domestic market sentiment.
Japan Leading Economic Index came in at 116.1, above expectations (115.9) in April
Japan Coincident Index rose from previous 117.9 to 118.1 in April
The USD/CHF pair edges lower to around 0.8110, retreating from an 11-month high during the early European trading hours on Thursday.
The USD/CAD pair enters a bullish consolidation phase during the Asian session on Thursday and currently trades around the 1.4230-1.4225 region, just below its highest level since April 2025 touched the previous day.
Bank of Japan (BoJ) board member Naoki Tamura said on Thursday that Japan has already achieved the Bank of Japan’s (BoJ) 2% inflation target and the central bank must raise rates near neutral to avoid underlying inflation from overshooting above target.
NZD/USD remains weaker for the seventh successive day, trading around 0.5650 during the Asian hours on Thursday. Technical analysis of the daily chart suggests the spot price is moving downwards within the descending channel, reflecting a persistent bearish bias.
