Forex news

There's some speculation that the Bank of Japan will hike interest rates at its upcoming policy decision on December 19, while dollar traders are looking forward to the release of US non-farm payrolls report on Friday, inflation data next week and the Fed’s own interest rate decision on December 18. So, the USD/JPY outlook is subject to change significantly in the next two weeks.

AUD/JPY is caught in a battle as fierce as a Metallica riff, with rich RBA rate cut pricing and technical support making for ding-dong battle at 96.22.

French political chaos grabs headlines, but EUR/JPY and GBP/JPY aren't flinching. Rate differentials are steering the ship. Are morning star patterns signalling a reversal? We break down setups cutting through the noise.

Weak GDP figures saw interest rates traders fully price in three 25bp RBA cuts by Feb 2026. And AUD/USD could have traded much lower on Wednesday, were it not for a stronger yuan coming to the Aussies rescue later in the day.

How a shift in trade policy, the extension of tax cuts, the appointment of Scott Bessent as Treasury Secretary, and potential threats to Federal Reserve independence could pave the way for a weaker greenback under Trump.

Today's growth figures are unlikely to force the RBA into any easing action, but it has been enough to weigh on the Australian dollar and ASX 200. And this could allow EUR/AUD to continue higher after a 4-day retracement.

Having fallen over 5% from the November high already, the two days of indecision around support alongside a bullish divergence suggest USD/JPY could be vulnerable to some bullish mean reversion.

We may have seen an important swing low on the yen looking at the change of speculative market positioning. And that could see a much deeper pullback on USD/JPY.

AUD/USD has done a poor job of tracking its seasonality overall this year so far. And given it’s taking its directional cue from China while any pullback on the USD may be limited, I'm not hanging my hat on a particularly strong December for AUD/USD.

A bullish breakout in US bonds has sent USD/JPY tumbling below 150, with payrolls now poised to decide whether the yen’s surge gains momentum or fizzles out. Could this be the pivotal moment for bond markets and the Fed's rate path?

We will maintain our bearish EUR/USD forecast for the time being. This pair remains rooted in a bear trend, not just because of the threats of tariffs in 2025, but more so because of weakness in the eurozone economy and therefore the potential for more ECB rate cuts than from the Fed in the US, where even a December rate cut is not fully priced in, let alone cuts in 2025, after Trump’s election victory.

USD/JPY is tumbling, breaking through its 200-day moving average after Tokyo’s inflation data shocked to the upside. With US Treasury yields losing steam and thin markets amplifying moves, traders are eyeing a deeper downside flush. Could the yen’s resurgence have more room to run?

French political drama is generating noise again, but don’t be fooled; it's the relative outlook for growth and inflation either side of the Atlantic that’s really moving EUR/USD. With the ECB ready to step in, perpetual French chaos is just a sideshow for the euro.

NZD/USD is gaining momentum, with US rates diminishing as the dominant driver. With trade war risks back on the radar, the Kiwi’s trajectory could hinge on global sentiment. Can it weather the turbulence?

After USD/JPY’s dramatic plunge, the focus shifts to what’s next. Is this just the beginning of further downside, or could a rally toward the 200-day moving average provide fresh opportunities for shorts? Here's what signals from US Treasuries reveal on near-term directional risks.