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EUR/JPY Price Forecast: Rises to near 186.00 as bullish bias prevails
EUR/JPY remains stronger for the second successive day, trading around 186.00 during the Asian hours on Friday. The technical analysis of a daily chart indicates that the spot is moving higher within the ascending channel pattern, signaling a persistent bullish bias.
USD/JPY Price Forecast: 20-day EMA remains key hurdle
The Japanese Yen (JPY) trades in a limited range at around 159.00 against the US Dollar (USD) during the Asian trading session on Friday. The pair consolidates, while both the JPY and the USD are underperforming against their other currency peers.
Australian Dollar gains ground above 0.7100 as US debt concerns weigh on US Dollar
The AUD/USD pair gains traction to near 0.7135 during the Asian trading hours on Friday. The US Dollar (USD) weakens against the Australian Dollar (AUD) and is set for a weekly loss as traders viewed the US Treasury's bond buyback gambit as merely a temporary fix.Â
British Pound edges higher to near 1.3650, UK Retail Sales data looms
The GBP/USD pair gathers strength near 1.3645 during the early Asian trading hours on Friday. The US Dollar (USD) softens against the British Pound (GBP) amid fading Federal Reserve (Fed) rate hike expectations.
New Zealand Dollar extends gains to fresh high since June, above mid-0.5900s vs softer USD
The NZD/USD pair attracts buyers for the third straight day and climbs to a fresh high since early June, around the 0.5965-0.5970 region during the Asian session on Friday. Spot prices remain on track to register strong weekly gains amid a supportive fundamental backdrop.
Euro gains on hawkish ECB outlook despite firm US Dollar
EUR/USD remains stronger for the third consecutive day, trading around 1.1680 during the Asian hours on Friday. The Euro (EUR) gains ground against the US Dollar (USD), bolstered by strong economic fundamentals across the region.
PBOC sets USD/CNY reference rate at 6.7817 vs. 6.7808 previous
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7817 compared to the previous day's fix of 6.7808 and 6.7262 Reuters estimate.
Japanese Yen flatlines after CPI inflation report
The USD/JPY pair holds steady near 159.05 during the early Asian session on Friday. Growing speculation that the Bank of Japan (BoJ) could raise interest rates next month offsets the weaker Gross Domestic Product (GDP) data.
Japan Jibun Bank Manufacturing PMI meets expectations (55.1) in August
Japan Jibun Bank Manufacturing PMI meets expectations (55.1) in August
Japan Jibun Bank Services PMI increased to 52.3 in August from previous 51.2
Japan Jibun Bank Services PMI increased to 52.3 in August from previous 51.2
Japan National CPI ex Fresh Food (YoY) in line with expectations (1.8%) in July
Japan National CPI ex Fresh Food (YoY) in line with expectations (1.8%) in July
Japan National CPI ex Food, Energy (YoY): 1.8% (July) vs 1.7%
Japan National CPI ex Food, Energy (YoY): 1.8% (July) vs 1.7%
Japan’s National CPI climbs 2.0% YoY in July, Core CPI rises as expected
Japan’s National Consumer Price Index (CPI) climbed by 2.0% YoY in July, compared to the previous reading of 1.6% (revised from 1.7%), according to the latest data released by the Japan Statistics Bureau on Friday.