EUR/USD, USD/JPY - looking quiet unless yen sees another flurry

July 3, 2026 6:42 AM UTC

Could be quiet into US holiday unless there is another flurry of squaring

AUD/USD flows: Risk Upbeat Heading into the Weekend

July 3, 2026 5:31 AM UTC

Market broadly upbeat after a miss in NFP

EUR/USD, USD/JPY - miss on payrolls trims Fed bets, pulls dollar back

July 2, 2026 12:43 PM UTC

Payrolls misses, especially with revisions and, even with unemployment dip, gives the Fed more space to stay on hold
Takes some wind out of the dollar's sail, and makes USD/JPY exit look well timed

USD/JPY flows: Spoofy action to become occupational hazard

July 2, 2026 8:27 AM UTC

Specific trigger for quick USD/JPY dip unclear as yet
But burst of short yen covering had been expected prior to US holiday
And spoofing is likely to become increasingly common - both MoF and market generated

EUR/USD, USD/JPY, EUR/GBP flows: Cross consolidates break lower; dollar waits for payrolls

July 2, 2026 6:46 AM UTC

Waiting game ahead of payrolls holiday, some wariness over MoF
Dollar also checked since Warsh's comments
EUR/GBP the main interest in recent hours with the range breakdown

USD/JPY flows: Silent Intervention Soon?

July 2, 2026 4:11 AM UTC

Reuter cited sources that Japanese officials are moving away from telegraphing intervention risk and toward unsignalled action designed to squeeze speculative yen short positions

EUR/USD, USD/JPY flows: ISM another slight miss, back to as-you-were

July 1, 2026 2:17 PM UTC

ISM another small miss, EUR/USD back to 1.14
Mkt eyes payrolls and then closing shop early ahead of 'risky' US holiday?

EUR/USD flows: Slight miss on ADP shrugged off as within noise tolerance

July 1, 2026 12:29 PM UTC

ADP slight downside given the benefit of the doubt
EUR/USD still a bit heavy, market's ECB follow up expectations ebb out

EUR/USD flows: HICP, build up to payrolls on the agenda

July 1, 2026 6:42 AM UTC

USD/JPY still sneaking out the new highs
Otherwise relatively sidelined, building into payrolls as the next focal point

AUD/USD flows: Market Undecided

July 1, 2026 5:00 AM UTC

Market undecided on Middle East complication

EUR/USD flows: Bessent's musings on payrolls keeps it firmly on the radar

June 30, 2026 1:24 PM UTC

EUR/USD still glued to 1.14
Bessent 'wouldn't be surprised' by good payrolls

EUR/USD flows: Softer inflation prints; pair keeping tabs on 1.14

June 30, 2026 9:29 AM UTC

German state, Italian and especially French inflation prints come in softer
Bolsters short-end, DE2s near the yield pullback lows
EUR/USD keeps tabs on 1.14 however

USD/JPY flows: Lifted into period end; EUR/USD 1.14 options

June 30, 2026 6:42 AM UTC

New highs for USD/JPY, seeing lift into period-end
1.14 options for EUR/USD may attract 

AUD/USD flows: Risk mood upbeat

June 30, 2026 5:33 AM UTC

Risk mood upbeat

GBP/USD flows: Manchesterism; max GBP spec shorts at risk of buy the fact?

June 29, 2026 11:13 AM UTC

PM-elect speech focuses on devolution so far, as expected
IMM data shows max levles of GBP shorts - suggests some risks of a short-squeeze / buy-fact ahead

IMM Commitment of Traders Reports w/e Jun 23

June 29, 2026 8:19 AM UTC

Latest IMM data underscores mkt strongly long-dollar, playing to current overbought pullback/consolidation
CAD (pre USMCA) and NZD shorts large; AUD remains more sidelined if forced out of longs
GBP shorts at historic highs - last out here in 2017 
This occurring at the EUR/GBP range lows - so creates

EUR/USD flows: Still leaning to unwind o/s conditions, better sellers seen above

June 29, 2026 6:45 AM UTC

Fractious w/e gives way to latest stand down and talks to resume
Mkt still leaning towards unwinding overbought dollar but limit seen to correction
Inflation data, period end, Lagarde later; payrolls on the radar

AUD/USD flows: Risk Undecided

June 29, 2026 5:36 AM UTC

Major equities perform individually

EUR/USD flows: Consolidating into w/e, risk heavy but choppy

June 26, 2026 6:44 AM UTC

Still somewhat slower heading into the weekend, though the heavier corrective risk tone is still prevailing – Nasdaq future off 1% to be inching a low for the week. It still needs to go some way further to be actually breaking down from an 8-week top if that’s how this choppier action if recent

AUD/USD flows: Risk Sinks on Friday

June 26, 2026 4:40 AM UTC

Major equities in the red

EUR/USD flows: Consolidation; mulling Bessent and the shape of the Fed curve

June 25, 2026 6:57 AM UTC

Oil fills gap, chip earnings strong
Dollar takes a breather consolidates recent action
Debate over Bessent's comments and what that might say for Fed policy

USD/JPY flows: Staying at Recent High

June 25, 2026 5:23 AM UTC

Iran's IRGC warns ships face action for using Hormuz routes not cleared with Tehran
BoJ Hawk Tamura says neutral rate around 2% 

EUR/USD flows: Yields coming off; follow through taken back

June 24, 2026 2:22 PM UTC

Yields falling off though seen quite symmetrically so far
EUR/USD takes an o/s breather, going back to the 1.1350 break

NOK flows: Oil fall away still driving on retracement

June 24, 2026 1:52 PM UTC

Oil ongoing slide back to initial gap and USD/NOK breakout still driving pair higher
10~ area next on the pair

EUR/USD flows: 38% back; IFO just as expected

June 24, 2026 8:14 AM UTC

Sitting around the next key reference area, can push lower later

USD/JPY flows: Consolidating

June 24, 2026 5:47 AM UTC

Consolidating at recent high
BOJ's June Summary of Opinions confirmed a board majority hawkish

USD flows: More focus on equities than data, dollar firm either way

June 23, 2026 2:02 PM UTC

Focus more on session's equity action than data
PMIs firmer all the same, if with some details in the breakdown

USD flows: Still at or through various resistance levels

June 23, 2026 12:56 PM UTC

USD still on the rise vs majors with various resistance levels being tested or cleared

EUR/USD flows: Weak German PMI keeps support pressured

June 23, 2026 7:48 AM UTC

Weak German PMI overshadows less negative France print
Keeps EUR/USD pressuring nearby support, with scope for lower

USD, AUD/USD flows: Dollar/risk still on a firm n/t footing

June 23, 2026 6:42 AM UTC

Dollar/risk still breaking firmer near-term amid some position adjustments, chart breaks, and market Fed re-pricing

AUD/USD flows: Risk Sour

June 23, 2026 5:49 AM UTC

Risk sentiment sour on hawkish Fed members

USD/JPY flows: Little intervention commitment

June 23, 2026 3:45 AM UTC

Katayama reaffirms Japan-US decisive action pact after Bessent talks

USD/CAD flows: Bit o/b but CAD still on back foot

June 22, 2026 12:56 PM UTC

CPI data broadly on market
CAD remains on the backfoot, USD/CAD seen higher, though overbought

EUR/USD, USD/JPY, EUR/GBP flows: W/e worries stemmed on progress, dollar remains firm

June 22, 2026 6:38 AM UTC

Reported progress in high level talks helps stem w/e escalation worries
Dollar retains its firmer lean since break higher

USD/JPY flows: Revisiting June High

June 22, 2026 5:39 AM UTC

USD/JPY aims at recent high
BOJ Dep Gov Himino warned delaying policy adjustments could trigger a inflation overshoot

AUD/USD flows: Strait is back

June 22, 2026 1:57 AM UTC

Hormuz maritime security mechanism agreed by Iran

EUR/USD, USD/JPY, EUR/GBP flows: Dollar still supported, Japan policy options still in focus

June 19, 2026 7:13 AM UTC

Hawkish Japan comments at major yen lows, rates and intervention in frame
Hiccups on Iran talks uncomfortable though not unexpected
Burnham wins, data underscores fiscal realities

AUD/USD flows: Geneva talks cancelled

June 19, 2026 5:21 AM UTC

Geneva talks cancelled