News and analysis

Yen-weakness is showing prominently against both the Euro and British Pound after the BoJ rate hike, and USD/JPY has held a major spot of support at 155.00.

The current confidence prevailing in the U.S. stock market has allowed the S&P 500 to set a new all-time high at 6,130 points.

USD/CAD gives back the advance from earlier this week even as US President Donald Trump warns of the ‘tremendous deficit with Canada.’

U.S. stocks point to a modestly lower start after the S&P 500 scored its first record high of 2025 yesterday at 6118. The S&P 500 is now up 4% this year, while the Dow Jones has rallied 4.75% in 2025. The Nasdaq has booked gains of 3.85%. Trump's softer stance towards China and calls for a rate cut from the Federal Reserve.

Euro rebounded off multi-month trend support with a breakout of the January range threatening a larger recovery. Battle lines drawn on the EUR/USD weekly technical chart.

The US dollar forecast remains modestly bullish in our view, because of Trump’s inflationary policies. The fact that it has weakened a little in recent days is more of a reflection of the relief rally that some currencies like the euro have enjoyed.

USDJPY, Gold Forecast: The Japanese Yen stabilizes amid the Bank of Japan's (BOJ) rate hike decision, while gold surpasses the $2,730 barrier eyeing all-time highs.

Is the US dollar’s reign nearing its end? EUR/USD breaks higher while USD/JPY flirts with a key uptrend following the BoJ’s hawkish hike. A shift could be underway—are you ready?

The BOJ delivered the full 25bp hike as expected, which takes their interest rate to a 17-year high of 0.5%. Data released a few hours before the BOJ’s hike showed that Japan’s core CPI rose to a 16-year high, and the BOJ cited the fact that many firms have said they will continue to raise rate this year. And it is these growing wage pressures which have forced the BOJ to increase their price forecasts for fiscal year 2025 and 2026.