USD, JPY, CHF, AUD flows: USD soft, JPY and AUD favoured

September 9, 2025 6:39 AM UTC

JPY can close Monday's opening gaps on crosses. AUD/USD threatening top of recent range

JPY flows: Dip on Ishiba resignation unlikely to last

September 8, 2025 6:59 AM UTC

JPY lower after Ishiba resignation, but has scope for major recovery

USD flows: USD dips on JOLTS

September 3, 2025 2:22 PM UTC

July JOLTS lowest since September 2024. USD and US yields lower

USD flows: USD softer as yields move lower

August 28, 2025 6:40 AM UTC

Declining US yields and negative Nvidia reaction to results put the USD under pressure

EUR flows: EUR has some downside risks as confidence slips

August 27, 2025 6:46 AM UTC

German confidence follows French confidence decline

USD flows: Most pairs rangebound

August 19, 2025 6:42 AM UTC

Little to move markets today as Ukraine Summit produces little of substance. Mild risk negative tone

USD, JPY, CHF flows: JPY recovery has legs, CHF under a little pressure

August 4, 2025 7:33 AM UTC

Quiet start, CHF softer, JPY has potential to gain more longer term

EUR, USD, JPY, CAD flows: Better Eurozone data may provide some EUR support

July 30, 2025 6:56 AM UTC

Stornger French GDP and German retail sales help stabilise EUR

EUR, USD, JPY flows: EUR/USD ambiguous after trade deal, JPY weak

July 28, 2025 7:04 AM UTC

EEUR/USD failes to maintain initial gains on trade deal. EUR/JPY continues to advance towards all time high

JPY flows: JPY under pressure again

July 25, 2025 9:05 AM UTC

EUR/JPY on an unprecedented ninth consecutive week of gains as risk sentiment remains buoyant, but valuation is extreme

USD flows: USD weaker on trade deals

July 24, 2025 8:56 AM UTC

The USD has weakened on talk of trade deals, but underlying picture is unclear

JPY flows: JPY reverses initial gains on trade deal

July 23, 2025 6:42 AM UTC

JPY i nitially agins on trade deal, but positive equity market reaction and expectation of other deals helps the USD

JPY flows: Recovery after election could extend, but...

July 21, 2025 6:39 AM UTC

JPY recovered after Upper House election result was less bad than feared, and correction can extend, but risk sentiment needs to weaken if JPY is to manage a sustained recovery.

USD, JPY, EUR flows: JPY weakness continues as US data stays solid

July 18, 2025 6:46 AM UTC

JPY stays weak as equities hit new highs 

JPY, EUR, USD flows: Tariff news weighs on EUR, JPY favoured

July 14, 2025 6:55 AM UTC

30% tariffs on the EU and Mexico announced at the weekend put downward pressure on EUR, support JPY

AUD, JPY flows: AUD makes modest gains on RBA, JPY stays weak

July 8, 2025 6:59 AM UTC

AUD gains only modestly after RBA surprisingly leaves rates unchanged. JPY continues to decline against European currencies

JPY, CHF, EUR flows: USD back to near pre-employment levels, JPY still soft

July 4, 2025 6:55 AM UTC

USD has slipped back overnight and the JPY has recovered, but remains weak, especially versus CHF

USD flows: USD up on employment data

July 3, 2025 12:46 PM UTC

USD gains as payrolls come in slightly above consensus

USD, JPY flows: JPY starting to come to the party, but...

July 1, 2025 9:46 AM UTC

USD/JPY down fairly sharply today but JPY continues to lag well behind European currency strength. JPY still has the most potential for major long term gains

JPY, USD, EUR, CHF flows: JPY the big loser overnight, PMI data of interest

June 23, 2025 6:52 AM UTC

JPY loses ground across the board overnight. Preliminary June PMIs of interest in the absence of escalation of the Middle East conflict

CHF flows: EUR/CHF dips slightly after SNB cut

June 19, 2025 8:10 AM UTC

SNB cuts 25bps as generally expected. Small EUR/CHF dip due to minority view that SNB would cut rates to negative

JPY, SEK flows: JPY soft, SEK has scope to weaken

June 17, 2025 7:08 AM UTC

JPY weakness looks extended, some scope for correction. SEK strength may falter after higher unemployment

USD flows: US-China trade progress fails to impress

June 11, 2025 7:17 PM UTC

Even with a surprisingly subdued CPI to welcome, equities have not been as positive on the US-China trade progress as was Trump, with China’s 6-month limit on rare-earth export licenses suggesting they wish to maintain some leverage. USD weakness has resumed after the post-CPI dip was followed by

EUR, JPY flows: EUR supported by German data, JPY soft

June 6, 2025 6:44 AM UTC

Solid German production and orders data support more positive EUR tone post-ECB. JPY undermined by weak real wages and consumption.

USD, JPY, AUD flows: USD firmer overnight, JPY dips on Ueda, AUD soft

June 3, 2025 6:39 AM UTC

USD firmer in Asia with commodity currencies weaker. JPY dips on Ueda but net impact modest. Rangy trading to persist

JPY, EUR flows: JPY higher on more risk negative tone, EUR edging down

May 30, 2025 6:40 AM UTC

JPY benefiting from weakening risk sentiment, stronger CPI. EUR slipping towards the centre of recent range

EUR, JPY flows: USD firmer early after EUR rally on Monday

May 27, 2025 7:09 AM UTC

EUR gained as tariff threat delayed, but slipping after weak French CPI. JPY under presure