USD, JPY, CHF flows: Steady markets, JPY still has upside scope, CHF topping out

October 2, 2025 6:49 AM UTC

USD steady overnight, equities making new highs (again) but JPY favoured going forward. CHF looking toppy.

USD, EUR, CHF, JPY flows: More tariffs may impact EUR and CHF

September 26, 2025 6:48 AM UTC

New Trump tariffs may impact EUR and CHF. JPY still weak

AUD, JPY, EUR flows: AUD gains on CPI, JPY still weak

September 24, 2025 6:47 AM UTC

AUD/NZD at a post 2022 high, EUR/JPY approaching all time high from July 2024

EUR flows: German services strength supports EUR

September 23, 2025 7:15 AM UTC

The stronger German services PMI offset weakness elsewhere

USD, EUR, JPY flows: Neutral picture, risk premia remain very low

September 22, 2025 6:50 AM UTC

USD steady, Japanese equities firmer, FX becalmed ahead of PMIs

USD, EUR, JPY, NOK flows: USD firmer after Fed, JPY soft, NOK could slip on Norges Bank

September 18, 2025 6:52 AM UTC

USD firmer after Fed despite larger than expected 2025 rate cuts in the dots. JPY continues to underperform. NOK can slip on Norges Bank

USD, NOK, SEK, JPY flows: Quiet markets ahead of US price data

September 10, 2025 6:47 AM UTC

FX markets briadly steady but JPY and NOK remain undervalued

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

USD flows: Softer after data, EUR leading

June 27, 2025 1:17 PM UTC

USD lower as prices rise more than expected and income and spending disappoint