USD/JPY, EUR/USD flows: Dollar breaks lower with yields after Treasury backstopping signal

August 19, 2026 1:31 PM UTC

Dollar breaks lower as Treasury increases long end buyback ops
Drives long end yields down, reverses the week's gains, and viewed as backstopping reassurance
Dollar reaction both driven by yields but also the 'bad look'

USD/JPY flows: Still in Consolidation Zone

August 19, 2026 3:58 AM UTC

UAE formally halted all trade, commercial and financial transactions with Iran

EUR/USD, USD/JPY, DXY flows - new long end yield highs jangle nerves

August 18, 2026 1:33 PM UTC

Push out in long end US yields to refresh post 2007 highs 
May start to jangle nerves as risk mkt emerge from low vol summer-happy mood

EUR/USD, GBP/USD flows - UK labour data softer; schizophrenic mood slightly catches up with risk o/n

August 18, 2026 6:41 AM UTC

The schizophrenic, compartmentalised performance slightly catches up with risk overnight, as US-Iran standoff slightly dents mood
UK labor data overall soft and helps keep BoE wait and see on hold 

USD/CAD flows: CPI data set aside on run in to the key trade event risk

August 17, 2026 1:24 PM UTC

CPI data firmer, supporting message from recent real economy data
CAD however circumspect on the run in to the trade deadline, talks seen going to wire

EUR/USD, USD/JPY, DXY flows - still low vol summer usd/risk versus Iran standoff

August 17, 2026 7:02 AM UTC

Better risk/usd tone holds in, amid low vol and equity resilience
The question mark remains for how long as both US and Iran play the long game stand off

EUR/USD, USD/JPY, DXY flows - retail miss adds to dollar trimming

August 14, 2026 12:44 PM UTC

Fairly hefty downside miss on retail sales headlines adds another straw this week
May tip $ into more of a pullback having stuck in their long

EUR/USD, USD/JPY, GBP/USD flows - no-vol summer, but for how long; BoJ hike talk continues

August 14, 2026 7:03 AM UTC

Low vol summer, extreme lows may be suggestive of more noise ahead, eventually
Further sources talk of BoJ mulling Sep and faster
UK byelection finishes with Reform winning locally, but losing nationally

EUR/USD, USD/JPY flows - some downside on the PPI data, but FX currently not playing

August 13, 2026 12:42 PM UTC

PPI data slightly undershoots but FX not that engaged 

USD/JPY flows: Little Changed

August 13, 2026 4:54 AM UTC

United Arab Emirates had released a further tranche of Iran's frozen assets held in Emirati banks

EUR/USD, USD/JPY flows - CPI as expected and likely defers judgements

August 12, 2026 12:42 PM UTC

Slight damp squib, very much on consensus. 
A report that probably wont change any opinions greatly. 
Another CPI report (and PCE data) to come before Sep FOMC and that could be more critical

EUR/USD, USD/JPY flows - still waiting on $-influential CPI

August 12, 2026 6:50 AM UTC

No sign of movement in Iran, mkt otherwise still holding sight into US CPI
Latter has potential to move the mkt, especially with positioning still overall long dollar

EUR/USD, USD/JPY flows - Oil cycles with the headlines; existing home sales as expected, CPI the focus

August 11, 2026 3:11 PM UTC

Quiet day, oil stays off the highs after Pakistan positive noises but waits on the facts
Otherwise, drifting into the US CPI release

EUR/USD, USD/JPY flows - quiet day, oil still drifting out

August 11, 2026 6:51 AM UTC

Quiet out of Japan holiday,
Oil drifts out as Iran deal elusive and bogged down in rhetoric

EUR/USD, USD/JPY, EUR/NOK Flows: core NOK CPI a little under, still waiting on Iran

August 10, 2026 6:58 AM UTC

Yen in Fri's bar, still basing and in n/t consolidation/correction mode
Iran says Oman deal close, rhetoric on US demands remains high
NOK inflation higher on headline but a little under on core, Norge hike odds relatively limited for Aug

USD/JPY flows: BoJ Summary Debates Pace of Hike

August 10, 2026 2:45 AM UTC

BOJ July meeting Summary shows board split on pace of hikes

EUR/USD, USD/JPY Flows: Payrolls pressures $ longs, even with unemployment rate proviso

August 7, 2026 12:43 PM UTC

Downside payrolls surprises with revisions - although note that zero or less is now trend...
Unemployment rate dip one counterpoint, though soft earnings the deciding factor
Focus turns to inflation data, but long $ positioning hit again, USD/JPY retains downside skew

EUR/USD, USD/JPY Flows: Waiting on payrolls

August 7, 2026 7:07 AM UTC

Oil mid range for the week, waiting to see if a deal emerges and how viable it is
Otherwise focus on US payrolls. Market has been invited to react and express its opinion

EUR/USD, USD/JPY Flows: Oil, UST, dollar, all on edge

August 6, 2026 4:45 PM UTC

More wires comments leaving the market on edge over rhetorical exchanges and practical problems with deal
Oil, USTs, dollar also see a pop

USD/JPY flows: Consolidating

August 6, 2026 6:17 AM UTC

Japan LDP lawmaker floats BOJ ETF sales to fund Japan tax cut

Silver lining: a case for a precious metals retracement

August 5, 2026 11:53 AM UTC

Looking at technicals, seasonals, positioning, recent and upcoming events, there's a case for gold and silver building off a base
Break higher off that base could allow a decent absolute retracement move ahead, even if long-term charts still headwind

EUR/USD, USD/JPY, NOK Flows: Waiting for latest 'deal'; BoJ 'market savvy' on timing?

August 5, 2026 6:47 AM UTC

All eyes on the latest 'deal', US hopeful of today; cedes to much of Iran's wish list
Bessent underscores BoJ expectations; market savvy thing to deal is not dally in Sep

EUR/USD, USD/JPY, Flows: Consolidation on a quiet day, same big picture issues

August 4, 2026 8:35 AM UTC

After a few wilder sessions, market in quiter consolidation amid stretched moves, quiet calendar
Same big picture issues remain in the background, payrolls next extra input

USD/JPY flows: Retesting Monday's High

August 4, 2026 5:24 AM UTC

Retesting Monday's High

EUR/USD, USD/CHF flows: will data reactions migrate more to CHF

August 3, 2026 3:01 PM UTC

Another robust ISM report
CHF may increasingly become the mkt's preferred way of expressing such data

USD/JPY, EUR/USD flows: Notable breaks cemented after US blinked on USTs?

August 3, 2026 6:44 AM UTC

USD/JPY makes downward inroads on the charts after confirmed intervention
Brent to new pullback lows on regional initiative to broker deal
Joining dots could be the US blinking as UST yields reached critical highs

USD/JPY Flows - sources reports keep heavy

July 31, 2026 2:18 PM UTC

Reuters sources flag risk of further intervention, keep USD/JPY heavy and edgy

USD/JPY Flows - BoJ Ueda underscores hawkish lean on upside inflation risks

July 31, 2026 7:09 AM UTC

BoJ's Ueda largely echoes, while underscoring more hawkish tilt

USD/JPY flows: BoJ Kept Rates Unchanged

July 31, 2026 5:22 AM UTC

BoJ Kept Rates Unchanged

USD/JPY flows: Slight Recovery Before BoJ

July 31, 2026 1:45 AM UTC

USD/JPY recovers after suspect intervention

USD/JPY Flows - was vulnerable, getting hammered

July 30, 2026 2:16 PM UTC

Big slump looks like opportunistic action, short yen squeeze had been brewing
Nervy mood to extend into BoJ

CHF/JPY and the carry question

July 30, 2026 1:39 PM UTC

·       CHF/JPY has become interesting from several directions: extreme relative valuation, changing carry rankings, opposing official preferences over currency direction, and the beginnings of a possible technical rollover. When things align, they can encourage some migration in positioning

EUR/USD Flows: Data tending to aggravate the mini squeeze

July 30, 2026 12:47 PM UTC

Data stull nudging EUR/USD into resistance today, 1.15 next on any further mini squeeze

EUR/USD Flows: Firmer EZ GDP, national CPI

July 30, 2026 9:23 AM UTC

Firmer CPI and especially EZ GDP data leaves EUR/USD bolstered, mini squeeze risk above resistance

EUR/USD, USD/JPY, NOK Flows: Trump and Korea keep eye on oil, tech, into FOMC

July 29, 2026 12:43 PM UTC

USTs slip on further oil lift as Trump threatens to hit Iran hard again
S.Korea responds to recent turmoil, could keep wider market edgy

EUR/USD, USD/JPY, NOK Flows: Tech and oil still churn; uncertain Fed key focus

July 29, 2026 6:42 AM UTC

Market unusually uncertain into Fed, so plenty of scope to react
USD/JPY seeing (very minor) weight as Nikkei stays dragged into mth-end
Oil breaks correction on latest proxy flare up