USD, EUR, JPY flows: USD lower on ISM

April 1, 2025 2:16 PM UTC

A weak ISM survey pulling the USD lower against the JPY in particular

USD, EUR, JPY flows: Tariffs awaited

April 1, 2025 6:47 AM UTC

A quiet calendar today with tomorrow's reciprocal tariff announcement the main focus

AUD/USD flows: RBA Kept Rates at 4.1%

April 1, 2025 3:46 AM UTC

RBA kept rates unchanged at 4.1%

USD/JPY flows: Calmer market

April 1, 2025 2:07 AM UTC

Japan February Unemployment Rate 2.4%
BOJ will reduce purchases of 10–25-year JGBs

IMM Commitment of Traders Reports w/e March 25th

March 31, 2025 9:39 AM UTC

Net JPY positioning remains significantly long, CAD, CHF and NZD positions remain short

EUR flows: German state CPIs broadly in line with consensus

March 31, 2025 8:20 AM UTC

Mixed German state CPIs. Mild upside risk but close enough to consensus for there to be no significant EUR impact.

USD, JPY, EUR flows: JPY gains as risk weakens

March 31, 2025 6:46 AM UTC

Weaker equities and lower yields on tariff concerns supporting JPY gains

AUD/USD flows: Tariff man shook the market

March 31, 2025 4:39 AM UTC

Australian March private inflation survey 2.8% y/y

USD flows: USD weaker with equities and bond yields

March 28, 2025 2:31 PM UTC

The USD is weakenin gin early US trading with bond yields and equities both lower, although the underlying cause is unclear

AUD/USD flows: Sour risk sentiment

March 28, 2025 5:04 AM UTC

China president Xi says US-China relations should stay stable, healthy

AUD/USD flows: Choppy but off lows

March 27, 2025 4:54 AM UTC

China’s Vice Premier Ding Xuexiang says will implement more pro-active macro policies this year

USD/JPY flows: Another Tariff Man Day

March 27, 2025 1:09 AM UTC

Trump's 25% auto tariff on foreign-made cars start on April 2nd
Trump has allowed a one-month tariff exemption for auto parts imports
Trump said he may reduce tariffs on China to help facilitate TikTok US operations sale

GBP flows: GBP steady after spring statement

March 26, 2025 1:36 PM UTC

UK yields lower but GBP steady after spring statement, implying a positive market response, but GBP risks are still on the downside

SEK flows: SEK unmoved by weaker economic tendency survey, but...

March 26, 2025 10:06 AM UTC

SEK little changed despite a weaker March economic tendency survey, but may be vulnerable if we see any more general weakening in sentiment in Europe.

GBP flows: GBP slips on lower February inflation

March 26, 2025 7:17 AM UTC

UK inflation comes in a little lower in February, emphasising GBP downside risks ahead of the fiscal statement later

USD/JPY flows: Same Old Ueda

March 26, 2025 4:51 AM UTC

Japan February Services Producer Price Index +3% y/y

USD flows: USD staying soft as confidence declines further

March 25, 2025 2:26 PM UTC

USD weaker in early US and the lower than expected Conference Board consumer confidence index should sustain the weaker tone. 

EUR flows: EUR steady as IFO rises in line with consensus

March 25, 2025 9:05 AM UTC

IFO in line with consensus but yield spreads still suggests EUR/USD could drift lower

EUR, USD, JPY flows: EUR focus on IFO, USD strength dependent on equities

March 25, 2025 7:47 AM UTC

EUR may continue to drift lower unless IFO surprises on the upside. JPY weakness dependent on continued US equity gains

USD/JPY flows: Little cues from BoJ Minutes

March 25, 2025 4:10 AM UTC

BoJ Minutes suggest Most members agreed the likelihood of hitting 2% target had been rising

USD flows: USD up after stronger PMI

March 24, 2025 2:31 PM UTC

USD gains across the board on stronger PMI, but gains look a little stretched, particularly versus the JPY

EUR flows: Mixed PMIs leave EUR/USD little changed

March 24, 2025 8:44 AM UTC

French PMIs improved, but stayed at low levels. German manufacturing PMI rose more than expected, but services fell

IMM Commitment of Traders Reports w/e March 18th

March 24, 2025 8:01 AM UTC

Net short CAD and NZD positions remain high, net JPY positioning significantly long

EUR, USD, JPY flows: Focus on PMIs

March 24, 2025 7:34 AM UTC

The EUR was firmer overnight helped by a better general risk tone, but the focus is now on the PMIs 

AUD/USD flows: U.S. equities upbeat

March 24, 2025 4:48 AM UTC

U.S. equities upbeat while regional sentiment balanced

USD/JPY flows: Positive Start for the week

March 24, 2025 1:02 AM UTC

China is considering joining the potential peacekeeping mission for Ukraine
White House is narrowing its approach to April 2 tariffs set

USD, JPY flows: Softer JPY overnight hard to justify

March 21, 2025 7:36 AM UTC

JPY weakened overnight despite lower equities and stronger Japanese inflation

AUD/USD flows: Regional sentiment soft

March 21, 2025 4:37 AM UTC

Trump tweet again for the Fed to lower rates

USD flows: USD firm after neutral US data

March 20, 2025 12:38 PM UTC

USD holding its firm tone with data still showing a solid labour market

GBP flows: GBP slightly firmer after BoE leaves rates unchanged

March 20, 2025 12:15 PM UTC

An 8-1 vote for no change with only one dissenting dove rather than the two expected by the consensus has helped GBP a little higher, but the statement is fairly neutral.

CHF flows: CHF softer after rate cut

March 20, 2025 9:06 AM UTC

CHF weaker after SNB cut rates as generally expected. More scope for CHF/JPY decline than EUR/CHF gain

JPY flows: JPY benefiting from lower US yields and geopolitics

March 20, 2025 8:08 AM UTC

JPY strengthening on the back of lower US yields 

GBP flows: Labour market data marginally GBP negative

March 20, 2025 7:18 AM UTC

Most of the UK labour market data is broadly in line with consensus, but slightly softer wage data from the HMRC could support expectations of a May rate cut from the BoE

USD/JPY flows: Trump talks

March 20, 2025 4:01 AM UTC

Trump says the Fed should cut rate as tariffs hit the economy

JPY, CHF, EUR, TRY flows: Safe havens benefit as TRY sells off

March 19, 2025 8:15 AM UTC

Safe haven rising as TRY sells off on detention of mayor of Istanbul

JPY flows: JPY mildly supported by Ueda press conference

March 19, 2025 7:38 AM UTC

Ueda mildly hawksih, JPY has upside scope in most scenarios

AUD/USD flows: Risk steadies

March 19, 2025 5:02 AM UTC

The equity space is steady on Wednesday

USD/JPY flows: BoJ kept rates unchanged

March 19, 2025 4:44 AM UTC

Bank of Japan leaves policy unchanged as expected