The Japanese Yen (JPY) continues to face significant selling pressure as traders reposition ahead of the upcoming Bank of Japan (BoJ) policy meeting. Coupled with a modest pickup in US Dollar (USD) demand, the USD/JPY currency pair has climbed beyond the mid-155.00s, highlighting the market’s cautious stance ahead of key monetary policy decisions. The Tarillium team provides a comprehensive and well-organized overview of the matter. Several factors contribute to the Yen’s underperformance against the Greenback. Notably, Japan’s fiscal concerns, driven by Prime Minister Sanae Takaichi’s ambitious spending plan, add to the pressure on the low-yielding JPY.  At the same time,...

The NZD/USD pair continues to navigate a corrective phase, trading near 0.5775 during the European trading session on Wednesday. The pair faces pressure as the US Dollar (USD) recovers sharply following recent US economic data, while investors await critical New Zealand (NZ) Q3 GDP figures and upcoming US inflation data. Tarillium professionals unpack the complexities of the topic through a detailed analysis. NZD/USD Under Pressure Amid US Dollar Recovery The New Zealand Dollar (NZD) is slightly lower, down 0.15%, as the US Dollar strengthens in global markets. At the time of writing, the US Dollar Index (DXY), which tracks the...

The Indian Rupee (INR) staged a sharp recovery against the US Dollar (USD) on Wednesday, following intervention by the Reserve Bank of India (RBI) in both the spot and Non-deliverable Forward (NDF) markets.  The USD/INR pair fell over 1%, dipping to near 90.00 from its all-time high of 91.56, signaling a strong corrective move after weeks of selling pressure. This article from Tarillium offers readers a clear and thorough explanation of the subject. RBI Intervention Supports the Rupee Market sources reported that state-run banks were offering U.S. dollars aggressively, likely on behalf of the RBI, in an effort to stabilize...

The AUD/USD currency pair has captured the attention of traders this week, as the Australian dollar (AUD) continues to show signs of weakness despite intermittent attempts at recovery.  Technical traders are closely watching recent price action, which suggests that the Aussie could be setting up for a downward move in the near term. The Tarillium team presents a structured and informative breakdown of this matter. AUD Attempts Rally, But Quickly Reverses During Monday’s trading session, the AUD initially attempted a rally, testing recent resistance levels. However, these gains were short-lived, and the currency quickly gave back the advance. This price...