NZD and AUD gain on RBNZ, higher Australian CPI and risk positive market tone. JPY weakness on the crosses looks overdone. GBP in focus ahead of UK Budget
November 25, 2025
USD flows: Post-data dip short-lived
November 25, 2025 1:40 PM UTC
US September PPI and retail sales on the soft side, but impact very limited
JPY flows: Mild gains as BoJ rate hike prospects increase
November 25, 2025 7:59 AM UTC
JPY slightly firmer, but move still just corrective for now, although JPY bottom is likely close
November 21, 2025
GBP, AUD, JPY flows: GBP dips briefly on retail sales, risk negative tone
November 21, 2025 7:45 AM UTC
GBP dips briefly on weaker retail sales. Mild risk negative tone perissts. PMIs awaited
USD/JPY flows: CPI Supportive for a Hike?
November 21, 2025 1:05 AM UTC
Japan November National Headline CPI 3.0%
November 20, 2025
JPY flows: No mercy for the JPY, intervention necessary
November 20, 2025 7:48 AM UTC
New post-January highs for USD/JPY, new all time highs for EUR/JPY
USD/JPY flows: No mercy for the JPY
November 20, 2025 2:12 AM UTC
BOJ’s Koeda signals need for further tightening as inflation holds near 2%
November 19, 2025
JPY flows: JPY hitting new lows after Katayama press conference
November 19, 2025 10:01 AM UTC
Finance minister Katayama provides no comfort to JPY bulls
JPY flows: JPY hitting new lows ahead of Katayama press conference
November 19, 2025 9:04 AM UTC
JPY still weak with Finance minister Katayama set to hold a press conference after a meeting with BoJ governor Ueda
USD/JPY flows: Conflict with China Persists
November 19, 2025 5:25 AM UTC
China intends to renew a ban on Japanese seafood imports
November 18, 2025
JPY, AUD flows: JPY limited by verbal intervention, weak equities weigh on AUD
November 18, 2025 8:15 AM UTC
JPY reverses early decline in increased verbal intervention, AUD under pressure as equities slide
USD/JPY flows: Escalated Jawboning
November 18, 2025 4:20 AM UTC
Japan’s Finance Minister Katayama “alarmed” by recent FX moves
November 17, 2025
JPY flows: Another new post February USD/JPY high
November 17, 2025 2:22 PM UTC
USD/JPY breaking through 155. Risk of intervention rising
November 12, 2025
JPY, GBP flows: JPY sells off again, GBP under pressure
November 12, 2025 7:39 AM UTC
JPY sells off as equities firm, intervention threat increases. GBP downside risks on weak data and political uncertianty
November 10, 2025
NOK, JPY flows: NOK firmer after CPI, JPY weaker on hopes of end to US shutdown
November 10, 2025 7:38 AM UTC
NOK rallies as CPI comes out strong in October. JPY weaker as risk rallies on hopes of end to US government shutdown
November 07, 2025
EUR, JPY flows: USD lower after weak U Mich sentiment
November 7, 2025 3:18 PM UTC
USD lower against European currencies post-Michigan senitment. JPY can play catch-up.
USD, EUR, JPY flows: Steadier picture overnight
November 7, 2025 7:39 AM UTC
Stabilisation overnight after initial equity dip suggests mild corrective activity near term
November 05, 2025
USD, JPY flows: USD gains on strong ISM services
November 5, 2025 3:18 PM UTC
ISM services gain strongly, JPY threatening recent lows
GBP, JPY, EUR flows: Little net change as equities bounce - GBP a focus
November 5, 2025 7:54 AM UTC
German orders marginally firmer but trend softening. JPY reverses initial gains in Asia as equities bounce. GBP a focus as EUR/GBP makes new 2 year high
November 04, 2025
GBP, JPY, EUR flows: JPY cross gains extend
November 4, 2025 2:54 PM UTC
GBP/JPY filling the gap?
USD, JPY, EUR flows: JPY gains as equities correct lower
USD firm helped by positive equity response to tech results. JPY gets brief support from Katayama comments. Little independent EUR movement after as expected German sales data
October 30, 2025
EUR flows: Mild recovery after ECB
October 30, 2025 2:17 PM UTC
ECB statement slightly more upbeat after leaving rates unchanged but little EUR reaction
USD, EUR, JPY flows: Data mildly EUR positive
October 30, 2025 9:41 AM UTC
European data helping the EUR hold its own against a stronger USD
USD, EUR, JPY flows: USD firm, JPY weak after Fed, BoJ decisions
October 30, 2025 8:03 AM UTC
USD gains on less dovish Fed. JPY weak as Ueda still in no hurry. French data suggests EUR to get support from GDP
October 28, 2025
JPY flows: JPY firmer after Bessent/Katayama meeting
October 28, 2025 7:43 AM UTC
JPY firmer as Bessent suggests need for tighter BoJ policy
October 23, 2025
JPY flows: JPY hits new low for the week, policy unclear
October 23, 2025 6:52 AM UTC
Market may see new government as being happy with JPY weakness, but policy may be better supported by a stronger JPY
October 21, 2025
JPY flows: JPY weaker on Takaichi appointment
October 21, 2025 6:57 AM UTC
JPY weaker on Takaichi PM appointment, but short JPY positioning is risky.
October 20, 2025
USD, JPY flows: Steady to mild risk positive tone
October 20, 2025 6:45 AM UTC
Mildly more risk positive picture, but uncertainty remains. Likely Takaichi PM appointment offset by some BoJ hawkishness
October 13, 2025
USD, JPY, AUD flows: USD and riskier currencies weaker after Trump comments
October 13, 2025 6:55 AM UTC
USD and riskier currencies weaker on Trump tariff threat to China, despite partial recovery in Asia
October 10, 2025
NOK, JPY flows: NOK little changed after CPI, JPY makes modest recovery
October 10, 2025 6:54 AM UTC
Norwegna CPI much as expected, NOK remains in the centre of the range. JPY makes a modest recovery as political picture in Japan becomes more uncertain
October 09, 2025
JPY flows: JPY still weak
October 9, 2025 6:45 AM UTC
USD/JPY makes new high in early Europe and near term trend remains weak although there is still scope for a longer term recovery
October 08, 2025
JPY, NZD, EUR, SEK flows: JPY and NZD down sharply, EUR resilient
October 8, 2025 7:07 AM UTC
JPY extends weakness on weak wage data, NZD drops sharply on 50 bp RBNZ cut. EUR resilient despite likely erratically weak German production data
October 07, 2025
EUR, JPY flows: EUR downside favoured after weak German orders, JPY weakness overdone
October 7, 2025 6:57 AM UTC
EUR to stay soft as German orders add to evidence of slowdown. JPY weakness lacks rationale
October 06, 2025
USD, EUR flows: EUR down on French PM resignation
October 6, 2025 8:41 AM UTC
EUR down across the board as French PM resigns after less than a month in office
