Chart USD Index DXY Update: Room for higher

July 16, 2025 8:11 AM UTC

Consolidation around 98.00 has given way to a sharp bounce to 98.70

Chart EUR/GBP Update: Consolidating test of 0.8695 - background remains positive

July 16, 2025 7:51 AM UTC

The anticipated minor pullback from resistance at 0.8695, (GBP/EUR 1.1500), has reached 0.8660

Chart EUR/USD Update: Consolidating test of 1.1600 - studies under pressure

July 16, 2025 7:43 AM UTC

Cautious trade beneath congestion resistance at 1.1700 has given way to a sharp pullback to congestion support at 1.1600

Chart AUD/JPY Update: Consolidating retest of 97.30, February high

July 16, 2025 7:43 AM UTC

Break above the 97.00 level has seen extension to retest the 97.30, February high

Chart GBP/USD Update: Reached strong support at 1.3370/00 - studies under pressure

July 16, 2025 7:23 AM UTC

Anticipated losses have reached support at the 1.3370 monthly low of 23 June and congestion around 1.3400

Chart EUR/AUD Update: Consolidating above 1.7700, room for lower later

July 16, 2025 6:53 AM UTC

Turned higher from the 1.7718 low as prices consolidate losses from the 1.8100 high of last week

GBP flows: GBP firmer as CPI surprises on the upside

July 16, 2025 6:39 AM UTC

June CPI higher than expected, driven by transport costs. Detail less strong but GBP should find support as market is likely to slightly reduce chances of aggressive BoE easing.

Chart USD/PHP Updates: Consolidating test of 57.000 level, room for higher

July 16, 2025 6:17 AM UTC

Break above 56.750 high of last week see prices extending bounce from the 56.160 low to reach 57.000 level

Chart USD/INR Update: Extend consolidation at the 86.0000 level

July 16, 2025 5:11 AM UTC

Little change, as prices extend consolidation at the 86.0000 level

Asia Summary and Highlights 16 Jul

July 16, 2025 4:35 AM UTC

Nikkei reports that Prime Minister Ishiba's government risks losing its majority
China and Australia to review Free Trade Agreement

Chart USD/CNH Update: Room to extend bounce from 7.1500 low

July 16, 2025 4:26 AM UTC

Edging higher in consolidation above the 7.1615 support with break above 7.1800 setting up scope for retest of the 7.1880 high of last week

AUD/USD flows: Positive Sentiment

July 16, 2025 4:16 AM UTC

China and Australia to review Free Trade Agreement

FX Daily Strategy: Europe, July 16th

July 16, 2025 4:07 AM UTC

GBP risks to the upside on UK CPI...
…although longer term trend remains negative
USD strength continues, with the JPY the main victim
Strong equities underpin JPY weakness, and there is no obvious trigger for a turn despite overvaluation

Chart USD/THB Update: Extending consolidation above 32.30 low

July 16, 2025 3:01 AM UTC

Extending choppy trade above the 32.30 low as prices consolidate losses from the 35.00, April high

Chart USD/KRW Update: Extending corrective gains to 1390.00

July 16, 2025 2:46 AM UTC

Extending gains from the June low as prices retrace losses from the April high and see room for retest 1390.00 high

Chart USD/SGD Update: Room to extend gains

July 16, 2025 2:32 AM UTC

Further extending break above the 1.2800 level to further retrace losses from the April high to reach 1.2860 resistance

USD/JPY flows: Weekend election in focus

July 16, 2025 2:01 AM UTC

Nikkei reports that Prime Minister Ishiba's government risks losing its majority

Chart GBP/USD Update: Consolidating above 1.3370 support

July 16, 2025 1:50 AM UTC

Losses through the 1.3435/00 area has seen further losses to approach support at the 1.3370, June low

Chart EUR/USD Update: Consolidating at 1.1600, lower later

July 16, 2025 1:32 AM UTC

Pressure remains on the downside as prices extend pullback from the 1.1830 high to reach the 1.1600 level

Chart EUR/JPY Update: Still extending steep gains from May low

July 16, 2025 1:18 AM UTC

Pressure remains on the upside to extend strong gains from the May low to reach the 173.00 level

Chart USD/JPY Update: Still room to extend gains

July 16, 2025 12:56 AM UTC

Rally through the June and May highs at 148.00/148.65 extend the April gains to reach the 149.00 level

Chart NZD/USD Update: Consolidating, room for lower later

July 16, 2025 12:35 AM UTC

Further extend losses from the .6120 high to reach .5938 low before settling into consolidation

Chart AUD/USD Update: Under pressure, focus on .6500/.6485 support

July 16, 2025 12:21 AM UTC

Consolidating above the .6507 low but pressure remains on the downside and see risk for break

Asia Open - Overnight Highlights

July 16, 2025 12:00 AM UTC

EMERGING ASIA
EM currencies are trading individually against the greenback as market participants took their time to digest the detail of latest U.S. CPI. The largest winners are MYR 0.28%, followed by INR 0.21% and TWD 0.02%; while the biggest losers are KRW 0.32%, followed by SGD 0.25%, CNH 0.17%,