EUR/USD, USD/JPY flows: USD off on NYT Iran Talks Request

March 4, 2026 10:46 AM UTC

USD is dipping on reports of Iran reaching out to the U.S. for talks. 

USD/JPY flows: Verbal Intervention Surfaces

March 4, 2026 5:46 AM UTC

Japan finance minister Katayama verbally intervene

EUR/USD, USD/JPY flows: Risk Off, But

March 3, 2026 9:13 AM UTC

The EUR is under pressure today, despite USDJPY being stable in Europe.

USD/JPY flows: Quiet before the storm?

March 3, 2026 3:52 AM UTC

Major FX rangebound

EUR/USD, USD/JPY flows: Risk Off, But

March 2, 2026 8:47 AM UTC

The mood remains risk off, but this is being curtailed by the modest rise in oil prices.  

USD/JPY flows: FX market rangebound after weekend strike

March 2, 2026 2:59 AM UTC

U.S. strike Iran over the weekend, killing the Supreme leader

EUR/USD, USD/JPY flows: Takaichi Weakens the JPY

February 24, 2026 9:44 AM UTC

The JPY fell noticeably across the board in early European trading, as reports indicated that PM Takaichi had voiced concerns about further BOJ rate hikes in a meeting with BOJ Ueda – a further 25bps hike had been discounted by June.  Into mid-morning, the JPY partially retraced some of the losse

USD/JPY flows: USD rebounds

February 24, 2026 3:34 AM UTC

USD rebounds on Tuesday

EUR/USD, USD/JPY flows: Waiting for Trump State of the Union

February 23, 2026 8:00 AM UTC

In Europe, the USD has initially stabilized at lower levels.

USD/JPY flows: No Weekend Strikes

February 23, 2026 1:13 AM UTC

U.S.-Iran nuclear talks set for Thursday

EUR/USD, USD/JPY flows: Q4 US GDP

February 20, 2026 1:39 PM UTC

GDP lower than expected but USD dip is temporary.  

USD/JPY flows: Headline Inflation Below Target

February 20, 2026 1:24 AM UTC

The January National CPI dipped below two percent

USD flows: Supreme Court decision on tariffs possible on February 20, but not certain

February 13, 2026 5:34 PM UTC

The Supreme Court has scheduled February 20 as a day for announcements. There is no certainty on which cases will see decisions announced for, but a ruling on the Trump reciprocal tariffs is a clear possibility.

EUR/USD, USD/JPY flows: U.S. Equity Risk Off Questions Post CPI

February 13, 2026 1:40 PM UTC

The January U.S. CPI at 0.2% headline and 0.3% core is USD neutral, as it does not change the near-term rate cut prospects that the market sees as coming in the summer. 

EUR/USD, GBP/USD USD/JPY flows: USD bounces except versus JPY

February 11, 2026 1:49 PM UTC

USD has pushed higher against DM currencies except the JPY, after the stronger than expected January employment report (130k NFP and 4.3% unemployment). 

USD/JPY flows: JPY Gaining on Japan Holiday

February 11, 2026 4:48 AM UTC

JPY Gaining on Japan Holiday

USD flows: Shutdown postpones January non-farm payroll

February 2, 2026 6:26 PM UTC

While House Majority leader Johnson is still optimistic about getting the partial government shutdown resolved tomorrow (Tuesday), the Labor Department has no stated that the shutdown has already lasted long enough to  cause Friday’s non-farm payroll to be delayed.

USD flows: Shutdown politics and economic data

February 2, 2026 1:39 PM UTC

The US government is now in a partial shutdown which is expected to be resolved fairly soon, but probably only for two weeks. The December JOLTS report on labor turnover due on Tuesday February 3 may be delayed, but initial claims on Thursday February 5 and the key January non-farm payroll on Friday

USD/JPY flows: Trump and Iran

January 27, 2026 6:36 PM UTC

 Trump is once again threatening military action against Iran, with an armada arriving off Iran this week. 

USD/JPY flows: Minor Recovery

January 27, 2026 3:45 AM UTC

Small rebound for USD/JPY

USD/JPY flows: BoJ Holds

January 23, 2026 5:32 AM UTC

BoJ kept rates unchanged at 0.75%

USD/JPY flows: CPI Slows

January 23, 2026 2:02 AM UTC

All three items of Japanese CPI moderates in December

USD flows: Repeat of reciprocal tariff sell off?

January 20, 2026 8:48 AM UTC

USD generally weaker as Greenland spat revives memories of USD sell off on reciprocal tariff announcement last April

JPY flows: Renewed sell off on election fears

January 20, 2026 8:17 AM UTC

JPY renews downtrend as Takaichi call election and pledges to suspend food tax