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Global markets remain on edge as policy uncertainty continues to reshape asset flows. Precious metals extended their powerful rally as investors sought protection from central bank credibility risks, while the Japanese Yen weakened sharply amid doubts over the Bank of Japan’s policy direction and rising domestic political concerns. In Asia, currencies showed mixed performance as traders balanced US inflation expectations against China’s steady currency management, setting a cautious tone ahead of key macro releases.
Silver is trading near record highs above the $85.50 area as investors continue to rotate into safe-haven assets amid rising uncertainty surrounding US monetary policy credibility. Persistent concerns over central bank independence have amplified demand for precious metals.
Geopolitical Risks: Elevated global political risks and policy uncertainty are boosting demand for defensive assets such as Silver.
US Economic Data: Softer US macro signals have reinforced expectations of looser financial conditions.
FOMC Outcome: Growing doubts over the Fed’s independence are increasing expectations for accommodative policy ahead.
Trade Policy: Trade-related uncertainty remains a background risk, indirectly supporting safe-haven flows.
Monetary Policy: Expectations for prolonged policy easing continue to underpin Silver prices.
Trend: Strong bullish trend remains intact.
Resistance: Near-term resistance is seen around $86.50.
Support: Initial support stands near $83.80, followed by $82.50.
Forecast: Silver is likely to remain supported, with potential for further upside on dips.
Market Sentiment: Bullish, driven by risk aversion and policy uncertainty.
Catalysts: US CPI data, Fed commentary, and geopolitical developments.
USD/JPY has surged to fresh one-year highs as the Japanese Yen remains under heavy pressure. Market participants continue to price in prolonged policy divergence between the Federal Reserve and the Bank of Japan.
Geopolitical Risks: Domestic political risks and election uncertainty in Japan are weighing on the Yen.
US Economic Data: Stable US data has helped limit USD pullbacks despite broader uncertainty.
FOMC Outcome: Fed uncertainty contrasts with BoJ’s cautious stance, favoring USD strength.
Trade Policy: Trade flows have had limited direct impact on the pair.
Monetary Policy: Persistent doubts over BoJ tightening remain a key drag on JPY.
Trend: Strong bullish momentum.
Resistance: Next resistance lies near 157.50.
Support: Immediate support is seen around 155.20.
Forecast: The pair may extend gains unless BoJ signals policy normalization.
Market Sentiment: USD-positive, JPY-negative.
Catalysts: BoJ communication, US inflation data, Japanese political developments.
USD/CNY remains stable after the PBOC set the daily fixing slightly lower, signaling continued efforts to manage currency volatility. The pair continues to trade within a controlled range.
Geopolitical Risks: External geopolitical tensions remain a potential risk to capital flows.
US Economic Data: US data has had a muted impact on the pair due to policy controls.
FOMC Outcome: Fed uncertainty has limited USD upside momentum.
Trade Policy: Ongoing trade considerations continue to influence longer-term sentiment.
Monetary Policy: PBOC intervention remains the dominant driver.
Trend: Sideways within a managed range.
Resistance: Resistance is seen near 7.0300.
Support: Support lies around 6.9950.
Forecast: The pair is expected to remain range-bound under PBOC guidance.
Market Sentiment: Neutral and policy-driven.
Catalysts: Daily PBOC fixings, Chinese macro data.
AUD/USD has retreated modestly as the US Dollar regains ground ahead of key US inflation data. Despite recent gains, the Aussie remains sensitive to shifts in global risk sentiment.
Geopolitical Risks: Broader global uncertainty continues to weigh on risk-sensitive currencies.
US Economic Data: Upcoming CPI data is driving near-term USD positioning.
FOMC Outcome: Fed uncertainty has kept volatility elevated.
Trade Policy: China-related trade dynamics remain a medium-term consideration.
Monetary Policy: Diverging expectations between the Fed and RBA influence price action.
Trend: Short-term consolidation within a broader range.
Resistance: Resistance stands near 0.6720.
Support: Support is located around 0.6640.
Forecast: AUD/USD may remain range-bound ahead of major data releases.
Market Sentiment: Cautious to neutral.
Catalysts: US CPI, Fed commentary, China-related headlines.
AUD/JPY continues to rally, reaching its highest level since mid-2024, driven primarily by sustained weakness in the Japanese Yen. The pair remains supported by yield differentials and risk appetite.
Geopolitical Risks: Japanese political uncertainty continues to pressure the Yen.
US Economic Data: Indirect influence through broader risk sentiment.
FOMC Outcome: Fed uncertainty contrasts with BoJ’s dovish stance.
Trade Policy: Trade dynamics have a limited short-term effect.
Monetary Policy: Persistent BoJ caution supports further upside.
Trend: Strong bullish trend.
Resistance: Next resistance is seen near 107.20.
Support: Support lies around 105.40.
Forecast: Further upside remains possible while JPY weakness persists.
Market Sentiment: Risk-on, favoring carry trades.
Catalysts: BoJ signals, global risk sentiment, inflation data.
Looking ahead, market focus remains firmly on upcoming US CPI data and further central bank guidance, which could determine whether current trends extend or pause. Safe-haven demand is likely to keep precious metals supported as long as policy uncertainty persists, while the Yen remains vulnerable unless the BoJ delivers clearer signals. With volatility elevated and confidence fragile, traders are expected to stay defensive, favoring assets tied to policy clarity and macro resilience.
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