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The USD/JPY forecast is expected to tilt downside as the BoJ rate hike expectations increase the yen’s demand. The US CPI data showed a cooling momentum, while Japan’s inflation remains sticky. Fed-BoJ divergence could support the USD/JPY in the near term. The USD/JPY is trading under pressure in anticipation of the Bank of Japan’s policy announcement. However, the pair has slightly gained despite an upbeat national CPI in Japan. –Are you interested in learning more about copy trading platforms? Check our detailed guide- The BoJ will announce its rate decision between 03:30 and 05:00 GMT, and the press conference of…

Japan’s National Consumer Price Index (CPI) rose by 2.9% YoY in November, compared to the previous reading of 3.0%, according to the latest data released by the Japan Statistics Bureau on Friday.Further details unveil that the National CPI ex Fresh food arrived at 3.0% YoY in November versus 3.0% prior. The figure came in line with the market consensus.CPI ex Fresh Food, Energy rose 3.0% YoY in November, compared to the previous reading of 3.1%.Market reaction to Japan’s National CPI dataFollowing Japan’s CPI inflation data, the USD/JPY pair is down 0.06% on the day at 155.61. Japanese Yen FAQs The Japanese Yen (JPY) is one of…

The European Central Bank (ECB) left policy unchanged as expected, but upward revisions to growth and inflation forecasts triggered a reversal of pre-decision EUR weakness, even as enthusiasm around late-2026 rate hikes remains tentative, TDS’ economists report. Rate differentials seen as secondary near term”The ECB was on hold as expected with EUR reversing the pre-decision weakness on the upgrade in growth and inflation forecasts. We don’t think that relative interest rate differentials will be a big driver for the EUR in the imminent horizon even though markets have been trying to get excited about potential hikes at end of 2026.”…

The Reserve Bank of India injected Rs 50000 crore through an open market operation Thursday while it received bids worth Rs 1.39 lakh crore.This was the second tranche of Rs 1 lakh crore OMO announced by the central bank earlier in the month.Incidentally, the inter-bank liquidity remained in deficit for the past two days due to the advanced tax outflows, despite the central bank’s efforts to inject durable liquidity in the system over the past couple of days through the open market purchase of government securities and $5 billion dollar-rupee swap deal.As of Wednesday, the system deficit was seen at…

The New Zealand Dollar has failed to draw any significant support from the strong New Zealand GDP figures and is losing ground against the US Dollar. The pair is hovering right above the 0.5755 support area at the time of writing, after having peaked at 0.5830 last week.Data released on Wednesday revealed that New Zealand’s economy bounced up to grow 1.1% in the third quarter, offsetting the 1% contraction in the first and beating expectations of a 0.9% growth. The pair, however, has remained vulnerable this week, amid a firmer US Dollar, with investors wary of selling US Dollars ahead…

The rupee appreciated 12 paise against the US dollar on Thursday, despite the broad strength of the American currency in the overseas market on suspected intervention by the Reserve Bank of India (RBI). Forex traders said Brent crude oil prices hovering near $59 per barrel supported the domestic unit at lower levels. However, a recovery in the dollar index and weak domestic markets capped sharp gains. At the interbank foreign exchange, the rupee opened at 90.35 against the US dollar, then recovered some lost ground to touch an intra-day high of 90.04, registering a 34 paise gain from its previous…

The Indian rupee extended gains slightly on Thursday, after rebounding from a record low in the previous session following central bank market intervention, which also contributed to a rise in merchant dollar sales, traders said. The rupee closed at 90.24, 0.1% stronger than Wednesday’s close of 90.38 per dollar. The currency had dropped to its record low of 91.075 earlier this week as an elongated trade impasse with the U.S. and persistent portfolio outflows weighed on sentiment.Traders said that following the Reserve Bank of India’s heavy-handed intervention on Wednesday, interest in taking on fresh speculative rupee shorts diminished, while both…

The Indian rupee’s sharp slide to record lows in recent weeks has stirred anxiety across markets, but the sell-off looks overdone and does not warrant alarm, according to Jefferies, which said India’s underlying external fundamentals remain among the strongest in emerging markets.The brokerage said the rupee’s weakness reflects a combination of capital outflows and positioning rather than a deterioration in macro fundamentals, arguing that the currency is now meaningfully undervalued and likely to stabilise around current levels.The assessment comes as the rupee steadied on Thursday after staging its strongest daily rebound in two months a day earlier, following heavy intervention…

Silver price (XAG/USD) trades near $66.50 per troy ounce during European hours on Thursday, hovering around an all-time high of $66.89, recorded on Wednesday. Source

After skidding to record lows and flirting with Rs 91 to the dollar this week, the Indian rupee may be closer to the end of its pain than the beginning. An analysis by SBI Research argued that the currency is deep into a depreciation phase driven by geopolitics, tariffs and capital outflows, but one that is statistically closer to exhaustion, setting the stage for a potential rebound in the second half of the next fiscal year, even as near-term volatility remains elevated.The rupee’s sharp turnaround on Wednesday, following decisive intervention by the Reserve Bank of India, has refocused attention on…