This site uses cookies to provide you with a great user experience. By visiting monetamarkets.com, you accept our cookie policy.
Allow all
This site uses cookies to provide you with a great user experience. By visiting monetamarkets.com, you accept our cookie policy.
Allow all
This website is operated by Moneta Markets Ltd, which is not authorised or regulated by the UK Financial Conduct Authority (FCA) and does not offer or promote services to UK residents. Access to this website is restricted in the UK and the content is not intended for distribution to, or use by, any person located in the UK. If you believe you have reached this website in error, please exit the page now
Please note that Moneta Markets operates this website and its services are not directed at residents of your jurisdiction.
The information on this site is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
If you have arrived here in error, we kindly advise you to exit the site.
Continue to Site
Asian currency markets trade under pressure as the Japanese Yen weakens following a softer Tokyo CPI print and renewed fiscal and political concerns, while the Chinese Yuan remains steady after the PBOC set a slightly stronger daily fixing. Broader FX markets are cautious as traders reassess policy signals, profit-taking emerges in precious metals, and the Australian Dollar retreats from recent multi-year highs amid a rebound in the US Dollar.
The Japanese Yen remains under pressure after a softer-than-expected Tokyo CPI print reinforced doubts over sustained inflation momentum. Ongoing fiscal challenges and political uncertainty continue to weigh on confidence in the Yen.
Geopolitical Risks: Political instability and fiscal sustainability concerns in Japan are undermining investor confidence.
US Economic Data: Resilient US macro data keeps yield differentials unfavorable for the Yen.
FOMC Outcome: Expectations that the Fed will maintain a cautious stance limit downside in USD/JPY.
Trade Policy: No immediate trade-related support for the Yen amid global uncertainty.
Monetary Policy: The BoJ’s gradual normalization path continues to lag global peers, pressuring the Yen.
Trend: Bullish USD/JPY trend remains intact.
Resistance: 159.00
Support: 156.80
Forecast: USD/JPY may continue grinding higher unless inflation data improves materially.
Market Sentiment: Bearish Yen sentiment persists amid policy and fiscal doubts.
Catalysts: BoJ commentary, political developments, and upcoming Japanese inflation data.
Silver has pulled back toward the $113.00 level as traders lock in profits following a strong multi-week rally. The retreat comes amid stabilizing risk sentiment and a modest rebound in the US Dollar.
Geopolitical Risks: Reduced immediate geopolitical stress has eased safe-haven demand.
US Economic Data: Firm US data supports the Dollar, pressuring precious metals.
FOMC Outcome: Anticipation of cautious Fed messaging limits aggressive upside bets.
Trade Policy: No fresh trade developments impacting industrial demand expectations.
Monetary Policy: Rate-cut timing uncertainty keeps silver volatile near recent highs.
Trend: Short-term corrective pullback within a broader uptrend.
Resistance: 116.00
Support: 110.50
Forecast: Consolidation is likely before the next directional move.
Market Sentiment: Neutral-to-bullish with profit-taking dominating near-term action.
Catalysts: Fed decision, US yields, and Dollar direction.
USD/CAD is edging higher above the 1.3500 handle as traders position ahead of a key Fed Chair announcement. The move reflects short-term Dollar support despite mixed macro signals.
Geopolitical Risks: Global uncertainty supports defensive USD positioning.
US Economic Data: Stable US data underpins near-term Dollar demand.
FOMC Outcome: Anticipation of Fed leadership clarity adds volatility.
Trade Policy: Ongoing trade rhetoric limits conviction in risk-sensitive currencies.
Monetary Policy: Diverging Fed-BoC outlooks continue to influence pair direction.
Trend: Mild bullish bias.
Resistance: 1.3570
Support: 1.3450
Forecast: Upside may remain limited unless Fed communication turns decisively hawkish.
Market Sentiment: Cautiously bullish USD/CAD.
Catalysts: Fed Chair announcement, US macro releases.
The Chinese Yuan remains relatively stable after the PBOC set a slightly stronger daily fixing. Authorities continue to signal a preference for currency stability amid external headwinds.
Geopolitical Risks: Persistent geopolitical tensions keep capital flows cautious.
US Economic Data: US macro resilience limits downside pressure on USD/CNY.
FOMC Outcome: Fed uncertainty encourages range-bound trading.
Trade Policy: Trade-related risks remain a key overhang for the Yuan.
Monetary Policy: Active PBOC management anchors the Yuan within a controlled range.
Trend: Sideways, range-bound.
Resistance: 7.0200
Support: 6.9500
Forecast: USD/CNY is expected to remain tightly managed in the near term.
Market Sentiment: Neutral with strong policy guidance.
Catalysts: PBOC fixings, China macro data, US-China developments.
AUD/USD has retreated toward the 0.7000 level after failing to sustain gains near three-year highs. The pullback reflects profit-taking and renewed support for the US Dollar.
Geopolitical Risks: Global uncertainty caps risk appetite.
US Economic Data: A steadier US Dollar pressures the Aussie.
FOMC Outcome: Fed caution tempers upside momentum.
Trade Policy: China-related trade sensitivity remains a structural factor.
Monetary Policy: RBA rate expectations remain supportive but priced in.
Trend: Bullish longer-term, corrective short-term.
Resistance: 0.7080
Support: 0.6950
Forecast: AUD/USD may consolidate before attempting another upside move.
Market Sentiment: Neutral with mild bullish bias.
Catalysts: Fed decision, China data, RBA commentary.
Looking ahead, market attention remains firmly on central bank signals and macro data as Asia-Pacific currencies navigate mixed policy outlooks and shifting risk sentiment. The Yen’s downside remains vulnerable to domestic uncertainties, while the Yuan’s stability continues to be guided by PBOC management. With commodities consolidating and major FX pairs repositioning, near-term direction is likely to hinge on policy clarity and incoming economic catalysts.
Ready to trade global markets with confidence? Join Moneta Markets today and unlock 1000+ instruments, ultra-fast execution, ECN spreads from 0.0 pips, and more! Start now with Moneta Markets!
