EUR/JPY Price Forecast: Tests upper descending triangle boundary near 183.50
EUR/JPY depreciates after registering gains in the previous two sessions, trading around 183.40 during the Asian hours on Wednesday.
WTI rises above $95.00 as Iran’s attacks on facilities fuel supply fears
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $95.00 during the early Asian trading hours on Wednesday. The WTI price climbs amid intensifying Middle East conflict and severe supply disruptions.
Japanese Yen flattens against US Dollar around 159.00 in countdown to Fed’s policy
The Japanese Yen (JPY) trades almost flat around 159.00 against the US Dollar (USD) during the Asian trading session on Wednesday. The USD/JPY pair consolidates as investors await the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT.
Australia Westpac Leading Index (MoM) declined to -0.1% in February from previous -0.04%
Australia Westpac Leading Index (MoM) declined to -0.1% in February from previous -0.04%
Pound Sterling remains flat as traders adopt caution ahead of Fed decision
GBP/USD steadies after posting gains over the previous two sessions, hovering around 1.1350 during Asian trading hours on Wednesday.
Japan Adjusted Merchandise Trade Balance: ¥-374.2B (February) vs previous ¥455.5B
Japan Adjusted Merchandise Trade Balance: ¥-374.2B (February) vs previous ¥455.5B
US Dollar Index flat lines above 99.50 as traders brace for Fed rate decision
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.60 during the Asian trading hours on Wednesday.
Japan Merchandise Trade Balance Total above expectations (¥-483.2B) in February: Actual (¥57.3B)
Japan Merchandise Trade Balance Total above expectations (¥-483.2B) in February: Actual (¥57.3B)
Canadian Dollar holds steady ahead of Fed, BoC policy decisions
USD/CAD remains flat after posting little gains in the previous session, hovering around 1.3690 during the Asian hours on Wednesday. The pair holds steady as traders remain cautious ahead of policy decisions from both the Federal Reserve (Fed) and the Bank of Canada (BoC) later in the day.
Japan Exports (YoY) came in at 4.2%, above expectations (1.6%) in February
Japan Exports (YoY) came in at 4.2%, above expectations (1.6%) in February
NZD/USD trades above mid-0.5800s but remains capped ahead of FOMC decision
The NZD/USD pair edges higher during the Asian session on Wednesday and currently trades just above mid-0.5800s, though it lacks bullish conviction.
EUR/USD Price Forecast: Flat lines below 200-hour SMA/1.1550 ahead of central bank events
The EUR/USD pair struggles to capitalize on this week's goodish recovery move from the 1.1415-1.1410 area, or its lowest level since August 2025, and oscillates in a narrow band during the Asian session on Wednesday.