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AUD/JPY Price Forecast: Rebounds above 110.50, but remains capped below key resistance
The AUD/JPY cross trades in positive territory near 110.70, snapping the six-day losing streak, during the early European trading hours on Tuesday.
EUR/JPY Price Forecast: Trades near 181.50 after rebounding from eight-month lows
EUR/JPY gains ground after three days of losses, trading around 181.50 during the Asian hours on Tuesday. The currency cross is maintaining a bearish near-term tone as it holds beneath both the nine-day and 50-day Exponential Moving Averages (EMAs).
Japan's Katayama declines to comment on effectiveness of joint intervention
Japan's Finance Minister Satsuki Katayama declined to comment on effectiveness of joint intervention with the US Department of the Treasury, Reuters reported on Tuesday.
Japan Economy Minister Kiuchi: Pass-through of rising costs has been limited so far
Japan Economy Minister Minoru Kiuchi said during the European trading session on Tuesday that the overall impact of the increase in the cost of goods has not yet been passed.
New Zealand Dollar softens below 0.5900 on US-Iran talks uncertainty, stronger US PMI data
The NZD/USD pair loses traction to near 0.5870 during the Asian trading hours on Tuesday, pressured by stronger US economic data and safe-haven flows. Traders brace for New Zealand’s employment report, which will be published later on Wednesday.Â
Australian Dollar gains as strong Job Ads, resurgent inflation signal hawkish RBA
AUD/USD rises after two days of losses, hovering around 0.7010 during the Asian hours on Tuesday. The Australian Dollar (AUD) gained ground following the release of positive employment data, which showed that ANZ–Indeed Job Ads increased by 2.0% month-over-month in July.
Australia ANZ Job Advertisements rose from previous -0.2%Â to 0.8% in June
Australia ANZ Job Advertisements rose from previous -0.2%Â to 0.8% in June
Canadian Dollar consolidates below 1.4050 vs USD as rebounding oil prices cap upside
The USD/CAD pair struggles to capitalize on the previous day's modest recovery gains and oscillates in a narrow band during the Asian session on Tuesday. Spot prices currently trade just below the 1.4050 level, nearly unchanged for the day, amid mixed fundamental cues.
British Pound weakens below 1.3450 as US-Iran uncertainty boosts safe-haven US Dollar
The GBP/USD pair loses ground to near 1.3425 during the early Asian session on Tuesday. Uncertainty surrounding US-Iran talks drives traders toward a safe-haven currency such as the US Dollar (USD) against the British Pound (GBP).
PBOC sets USD/CNY reference rate at 6.7917 vs. 6.7898 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.7917 compared to the previous day's fix of 6.7898 and 6.7595 Reuters estimate.
Euro declines as US Dollar gains on Middle East uncertainty
EUR/USD remains subdued for the third successive day, trading around 1.1500 during the Asian hours on Tuesday.
Japanese Yen gathers strength as US, Japan confirm rare joint intervention
The USD/JPY pair edges lower to around 157.40 during the early Asian trading hours on Tuesday.
Japan Monetary Base (YoY) declined to -13.8% in July from previous -13.7%
Japan Monetary Base (YoY) declined to -13.8% in July from previous -13.7%