U.S. Dollar Pulls Back As CB Consumer Confidence Misses Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY.U.S. Dollar Index settled near the 104.00 level as traders reacted to economic reports.
GBPJPY: BoJ Discusses Future Plans.The onset of bearish momentum was set up by the bearish break of structure on the daily timeframe chart of GBPJPY, so we can describe the ongoing bullish movement as a retracement. The area of interest for the continuation of the bearish momentum is the rally-base-drop supply zone.
USD/JPY tumbles below 150.00 as Yen outperforms across the board.The USD/JPY pair falls significantly to near 149.70 during North American trading hours on Tuesday. The pair tumbles as the Japanese Yen (JPY) outperforms its peers on expectations that the Bank of Japan (BoJ) will raise interest rates again this year.
Japanese Yen Recovers After Hawkish Bank of Japan Minutes.The Japanese yen has rebounded on Tuesday after sliding almost 1% a day earlier. In the European session, USD/JPY is trading at 150.11, down 0.39% on the day.
USD/JPY: BOJ to hike rates by less than 50bps by December 2025 – BBH.USD/JPY is up near a multi-week high just under 151.00 with the next big resistance offered at the 200-day moving average at 151.75, BBH's FX analysts report.