FX Daily Strategy: Asia, January 6th

January 5, 2026 10:00 PM UTC

EUR could slip on softer preliminary CPI data
JPY still range bound but upside risks dominate
GBP strength is hard to trust
AUD gains well founded but may require more equity strength to extend

North American Summary and Highlights 5 Jan

January 5, 2026 8:47 PM UTC

Overview - The USD was generally softer particularly after weaker than expected ISM manufacturing data. GBP and AUD were particularly firm. 

FX Daily Strategy: APAC, January 6th

January 5, 2026 4:12 PM UTC

EUR could slip on softer preliminary CPI data
JPY still range bound but upside risks dominate
GBP strength is hard to trust
AUD gains well founded but may require more equity strength to extend

Europe Summary and Highlights 5 Jan

January 5, 2026 11:21 AM UTC

The USD was slightly weaker through the European morning.

Psychology for major markets Jan 5

January 5, 2026 11:19 AM UTC

USD firmer on Venezuela 

FX Weekly Strategy: January 5th-9th

January 5, 2026 9:58 AM UTC

 US employment report the main focus, mildly stronger than expected gain seen
EUR could slip on weaker HICP
CAD strength could fade after recent outperformance
JPY weakness still needs intervention to reverse it
NOK looks attractive near long term lows

Asia Summary and Highlights 5 Jan

January 5, 2026 4:13 AM UTC

Trump Captured Venezuela's Maduro 

FX Weekly Strategy: Europe, January 5th-9th

January 5, 2026 4:08 AM UTC

 US employment report the main focus, mildly stronger than expected gain seen
EUR could slip on weaker HICP
CAD strength could fade after recent outperformance
JPY weakness still needs intervention to reverse it
NOK looks attractive near long term lows

FX Weekly Strategy: Asia, January 5th-9th

January 4, 2026 10:00 PM UTC

 US employment report the main focus, mildly stronger than expected gain seen
EUR could slip on weaker HICP
CAD strength could fade after recent outperformance
JPY weakness still needs intervention to reverse it
NOK looks attractive near long term lows

FX Weekly Strategy: APAC, January 5th-9th

January 4, 2026 6:00 PM UTC

 US employment report the main focus, mildly stronger than expected gain seen
EUR could slip on weaker HICP
CAD strength could fade after recent outperformance
JPY weakness still needs intervention to reverse it
NOK looks attractive near long term lows

North American Summary and Highlights 2 Jan

January 2, 2026 8:01 PM UTC

Overview - In a day with limited news, PMI data put some weight on the EUR. 

FX Weekly Strategy: January 5th-9th

January 2, 2026 3:59 PM UTC

 US employment report the main focus, mildly stronger than expected gain seen
EUR could slip on weaker HICP
CAD strength could fade after recent outperformance
JPY weakness still needs intervention to reverse it
NOK looks attractive near long term lows

Psychology for major markets Jan 2

January 2, 2026 11:13 AM UTC

Most pairs confinded to ranges since mid-December, AUD firm

Europe Summary and Highlights 2 Jan

January 2, 2026 11:12 AM UTC

A quiet European morning saw EUR/USD edge a little lower, dropping 20 pips to 1.1725.

Psychology for major markets Jan 2

January 2, 2026 9:06 AM UTC

EUR/USD – EUR/USD remain depressed on the first trading day of 2026. Headlines are still lackluster so far.
USD/JPY – The pair is steadily higher but there hasn't been new triggers. Thus, it is likely more follow through momentum. And looking at the broader picture, USD/JPY has been in consolidat

Asia Summary and Highlights 2 Jan

January 2, 2026 5:31 AM UTC

USD/JPY points north
TACO on Italian Pasta from Trump

N America Summary and Highlights 31 Dec

December 31, 2025 5:05 PM UTC

The USD edged up in NY on Dec 31, except against the EUR that gained across the board.   

Europe Summary and Highlights 31 Dec

December 31, 2025 11:00 AM UTC

The USD moved sideways in Europe.  

Psychology for major markets Dec 31

December 31, 2025 7:56 AM UTC

EUR/USD – EUR/USD turned lower on the last trading day of 2025 as USD is trading broadly stronger. It looks to retest the 1.17 figure.
USD/JPY – The pair has regained post Christmas losses. There hasn't been much headline and seems to be USD movement.
EUR/GBP – Unchanged for the day so far. Euro

Asia Summary and Highlights 31 Dec

December 31, 2025 6:19 AM UTC

The USD is broadly higher 

N America Summary and Highlights 30 Dec

December 30, 2025 8:00 PM UTC

USD edged higher in NY in thin trading.  

Europe Summary and Highlights 30 Dec

December 30, 2025 11:00 AM UTC

Sideways trading in Europe on Dec 30 so far.

Psychology for major markets Dec 30

December 30, 2025 9:45 AM UTC

EUR/USD – EUR/USD is little changed and remain in consolidation as market action wanes by year end.
USD/JPY – The pair stays choppy but is tilted lower. The latest impetus is from the BoJ summary of opinion, showing BoJ's stance on higher rate. However, such stance does not avoid their potential

Asia Summary and Highlights 30 Dec

December 30, 2025 5:59 AM UTC

Silver Wild Swing
Geopolitical Negotiation Persists

Asia Summary and Highlights 29 Dec

December 29, 2025 6:04 AM UTC

Silver Wild Swing
Geopolitical Negotiation Persists

FX Weekly Strategy: Europe, December 22nd - January 2nd

December 29, 2025 4:45 AM UTC

USD should be well supported by Q3 GDP
JPY the focus as it hits new lows in real trade-weighted terms
Japanese FX intervention looks necessary to reverse JPY weakness – probability of intervention now high
AUD and NOK look undervalued

Psychology for major markets Dec 24

December 24, 2025 9:03 AM UTC

EUR/USD – EUR/USD is consolidating recent gains as holiday mood persists.
USD/JPY – More selling momentum following through. After multiple verbal intervention attempt, JPY is retreating more recent high. Yet, progress in year end illiquid times may not be the stroy in the new year.
EUR/GBP – EU

Asia Summary and Highlights 24 Dec

December 24, 2025 5:59 AM UTC

Washington delays semiconductor tariffs as it seeks China trade truce

North American Summary and Highlights 23 Dec

December 23, 2025 5:55 PM UTC

Overview - USD rallied in NY on better than expected U.S. GDP data for Q3.

Europe Summary and Highlights 23 December

December 23, 2025 11:03 AM UTC

European trading has seen the focus remain on the JPY after Asia’s rally on repeated threats from Japanese officials over FX intervention.

Psychology for major markets Dec 23

December 23, 2025 9:19 AM UTC

EUR/USD – EUR/USD continue to perform strongly closer to Christmas and is fast approaching last Tuesday's high at 1.1804. But the strength seems to be derived from USD weakness.
USD/JPY – The pair is facing more verbal intervention from multiple Japanese officials. The escalation of language has

Asia Summary and Highlights 23 Dec

December 23, 2025 6:04 AM UTC

Quiet Tuesday

North American Summary and Highlights 22 Dec

December 22, 2025 4:30 PM UTC

Overview - USD weakness was the story of the day in North America, after USD consolidation in Europe.  Year end flows were the driver, rather than any news.   

Europe Summary and Highlights 22 December

December 22, 2025 11:03 AM UTC

European trading sees the focus remaining on the JPY, after Japanese officials warned over FX intervention in Asia. 

FX Weekly Strategy: N America, December 22nd - January 2nd

December 22, 2025 10:55 AM UTC

USD should be well supported by Q3 GDP
JPY the focus as it hits new lows in real trade-weighted terms
Japanese FX intervention looks necessary to reverse JPY weakness – probability of intervention now high
AUD and NOK look undervalued

Psychology for major markets Dec 22

December 22, 2025 9:26 AM UTC

EUR/USD – EUR/USD is performing strongly to start the Christmas week, mostly triggered from broad base USD weakness and the technical bounce from 1.17 figure.
USD/JPY – After a blockbuster Friday, USD/JPY has stalled its rally on verbal intervention from the Japanese currency diplomat, Atsushi Mi

Asia Summary and Highlights 22 Dec

December 22, 2025 5:40 AM UTC

Risk on a high note to start the Christmas week

FX 2 Weekly Strategy: Europe, December 22nd - January 2nd

December 22, 2025 4:00 AM UTC

USD should be well supported by Q3 GDP
JPY the focus as it hits new lows in real trade-weighted terms
Japanese FX intervention looks necessary to reverse JPY weakness – probability of intervention now high
AUD and NOK look undervalued

FX 2 Weekly Strategy: Asia, December 22nd - January 2nd

December 21, 2025 10:00 PM UTC

USD should be well supported by Q3 GDP
JPY the focus as it hits new lows in real trade-weighted terms
Japanese FX intervention looks necessary to reverse JPY weakness – probability of intervention now high
AUD and NOK look undervalued

FX 2 Weekly Strategy: APAC, December 22nd - January 2nd

December 21, 2025 6:00 PM UTC

USD should be well supported by Q3 GDP
JPY the focus as it hits new lows in real trade-weighted terms
Japanese FX intervention looks necessary to reverse JPY weakness – probability of intervention now high
AUD and NOK look undervalued

North American Summary and Highlights 19 Dec

December 19, 2025 8:34 PM UTC

Overview - JPY weakness was the story of the day, USD/JPY and EUR/JPY both moving sharply higher in Europe, and marginally extending the move in North America. 

FX 2 Weekly Strategy: December 22nd - January 2nd

December 19, 2025 3:25 PM UTC

USD should be well supported by Q3 GDP
JPY the focus as it hits new lows in real trade-weighted terms
Japanese FX intervention looks necessary to reverse JPY weakness – probability of intervention now high
AUD and NOK look undervalued

Europe Summary and Highlights 19 December

December 19, 2025 11:08 AM UTC

USD/JPY continued to move sharply higher through the European morning, gaining 135 pips to 157.35 from an open near 156.

Psychology for major markets Dec 19

December 19, 2025 11:03 AM UTC

JPY continues to weaken despite BoJ rate hike

FX Daily Strategy: N America, December 19th

December 19, 2025 10:11 AM UTC

BoJ rate hike is not enough to reverse JPY decline
Forward guidance to be watched, but intervention may be necessary
GBP likely to hold gains as long as retail sales aren’t terrible
AUD may extend recovery on lower US yields

Asia Summary and Highlights 19 Dec

December 19, 2025 5:51 AM UTC

BoJ Hike by 25bps As Expected