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Japanese Yen softens on renewed US-Iran tensions, Japan flags intervention risk
The USD/JPY pair posts modest gains near 162.40 during the Asian trading hours on Friday. The US Dollar (USD) strengthens against the Japanese Yen (JPY) as the United States (US) launches a new wave of strikes against Iran for a sixth night in a row.
Australian Dollar moves away from three-week top as geopolitics and Fed hike bets lift USD
The AUD/USD pair remains on the back foot for the second straight day and slides to the 0.7980 region during the Asian session on Friday.
British Pound weakens below 1.3500 as US launches new wave of strikes against Iran
The GBP/USD pair trades on a softer note around 1.3470 during the Asian trading hours on Friday. Geopolitical tensions in the Middle East trigger risk-off market sentiment and weigh on the Cable. The preliminary reading of the Michigan Consumer Sentiment Index for July is due later on Friday.
US President Donald Trump begins widely anticipated address to the nation
US President Donald Trump is delivering a primetime address to the nation from the White House on Friday.
PBOC sets USD/CNY reference rate at 6.7934 vs. 6.7909 previous
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7934 compared to the previous day's fix of 6.7909 and 6.7734 Reuters estimate.
Japan’s Katayama says ready to act on currency moves whenever necessary
Japan’s Finance Minister Satsuki Katayama said on Friday that the authorities are ready to act on currency moves whenever necessary.Â
New Zealand Dollar rises amid sticky inflation fears, escalating Middle East tensions
NZD/USD inches higher after posting minor losses in the previous day, trading around 0.5840 during the Asian hours on Friday. The currency pair remains stronger as the New Zealand Dollar (NZD) holds its ground following the release of the country's latest food price data.
Euro flatlines near 1.1450 amid renewed Hormuz hostilities
The EUR/USD pair holds steady around 1.1445 during the early Asian session on Friday. Traders continue to digest the developments surrounding the Middle East conflicts. The preliminary reading of the Michigan Consumer Sentiment Index for July will be published later on Friday.Â
South Korean Won: BoK hike and semiconductor volatility – BNY
BNY’s Geoff Yu highlights a hawkish 25bp hike by the Bank of Korea (BoK) to 2.75%, with guidance that Gross Domestic Product (GDP) and core inflation will exceed earlier forecasts.
The Japanese Yen is boxed between a floor it hates and a ceiling nobody trusts
Dollar-Yen has spent the week doing almost nothing at the most dramatic level in four decades.
The Australian Dollar stalls exactly where everybody said it would
The Australian Dollar is going nowhere with great precision, with AUD/USD flat on the session and pinned to the 0.7000 handle for a fourth consecutive day.
The British Pound Sterling gets a new Prime Minister and an old problem
Sterling is enduring its heaviest session of the month, with GBP/USD fading around half of one percent to just below 1.3500 after the week's advance stalled short of 1.3550 for a second consecutive day.
GBP/JPY Price Forecast: Retreats from 18-year high, struggles at 220
The GBP/JPY retreats some 0.34% on Thursday after the pair reached a new 18-year high of 219.62 on Wednesday. Nevertheless, at the time of writing, the cross-pair retreated to 218.80, down 0.34%, as the Yen recovers some ground.