The BoJ Governor Kazuo Ueda said on Saturday that the central bank will adjust the degree of monetary easing at the appropriate time if it becomes confident that the underlying inflation rises toward 2%.The US JOLTS Job Openings rose to 7.74 million in October, compared to 7.37 million opening

The Japanese Yen loses ground amid the stronger USD in Wednesday’s early Asian session. Growing expectations of the BoJ rate hike in December and safe-haven flows might help limit the JPY’s losses. Investors brace for Japan’s Jibun Bank Services PMI, US economic data and Fed’s Powell speec

EUR/USD softened on Tuesday, ending a bullish recovery attempt.Final EU PMIs, ECB Lagarde appearance unlikely to move the Fiber needle.US data focus shifts to Fed Chair Powell appearance, Friday NFP jobs print. EUR/USD turned lower once again on Tuesday, grappling with the 1.0500 handle as Fibe

GBP/USD roiled just below the 1.2700 handle on Tuesday.A notable lack of UK data leaves Cable in the sights of NFP market action.US labor and wage figures to dominate this week in the runup to Friday’s NFP. GBP/USD churned chart paper just south of the 1.2700 handle on Tuesday, roiling bids as Pound

The KRW shattered on Tuesday after SK President declared martial law.SK President Yoon Suk Yeol’s martial law call ran aground of South Korean lawmakers.The KRW plunged to its lowest levels since mid-2023 after political turmoil. South Korea’s conservative President Yoon Suk Yeol declared “emergency

NZD/USD drops 0.10% on Tuesday, settling around 0.5880.Bulls failed to sustain the break above the crucial 20-day SMA, pushing NZD/USD back below it again.Indicators display mixed signals with hints of a bullish recovery. The NZD/USD pair retreated on Tuesday's session, giving up the initial gains a

Australian Gross Domestic Product is foreseen to be up by 1.1% in Q3 compared with the same quarter a year earlier.The Reserve Bank of Australia will likely maintain the OCR on hold until later in 2025. The Australian Dollar advances against its United States rival, sellers waiting for better l

EUR/AUD remains flat, reflecting a lack of direction amid a broader downtrend.Key support at 1.6150 holds; a break could lead to further declines towards 1.6100 and potentially 1.6005.Upside potential seen if EUR/AUD surpasses the 50-day SMA at 1.6256, targeting resistance up to 1.6370. The EUR/AUD

On the US front in October, job openings rose by 5% MoM to reach 7.74 million.Hiring activity remained stable at 5.3 million in October, and separations were largely unchanged at 5.3 million in October.Quits increased to 3.3 million in October, signaling a boost in voluntary job changes, while layof

The Aussie halts decline near 0.6485 with 0.1% rise.Despite strong US labor data, the USD remains soft as profit-taking weighs on the buck later in the session.The Aussie is supported by a surge in commodities. In Tuesday's session, the AUD/USD pair partially recovered after Monday's decline followi

Gold prices advances, even though US real yields climbed three and a half basis points to 1.966%.The US 10-year Treasury bond yield rose three basis points to 4.226%.The US Dollar Index (DXY), which tracks the buck's performance against six currencies, is virtually unchanged at 106.33 on the day.The

Gold is up 0.28%, boosted by soft US Dollar, and shrugs off positive US job data.Upcoming US labor market data could influence the Fed's rate decision.Fed officials express optimism about the economy, hinting at cautious policy recalibration ahead. Gold price trends up on Tuesday during the North Am

The Canadian Dollar churned around the day’s opening bids before shedding around one-sixth of one percent late on Tuesday.US JOLTS Job Openings rose more than expected, bolstering the healthy outlook of the US labor market.Investors will be pivoting to key labor data throughout the week, including A

The Canadian Dollar held steady in the face of improving US labor data.Canada lacks impactful data until Friday’s wages and employment change figures.US NFP net job additions loom ahead at the end of the week, overshadowing CAD data. The Canadian Dollar (CAD) tread water on Tuesday, wrestling to eit

The US Dollar (USD) may rise further and break above 7.3000; the major resistance at 7.3115 is likely out of reach for now. In the longer run, rapid increase in momentum could lead to USD rising to 7.3115, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note. Rapid increase in momentum can le