Technical Analysis

This intervention briefly caused USD/JPY to fall from 159.94 to 158.75.

EUR/USD bulls face a challenging environment as supportive data is crucial to counteract bearish technical signals.

The USD/JPY pair has recently experienced significant volatility, moving above the 10-hour moving average to reach 159.60 in the New York afternoon.

EUR/USD turned lower on Friday, striking a five-session low, as diverging economic data and technical indicators suggest continued downside risks.

EUR/USD longs might be concerned as the currency pair fell below the 10-day moving average (10-DMA) on Thursday, despite typically bullish factors.

The GBP/USD pair, commonly known as "Cable," has recently experienced significant fluctuations, driven by both technical and fundamental factors.

The EUR/USD experienced only a slight increase on Tuesday, with bullish sentiment barely taking advantage of disappointing U.S. retail sales data.

EUR/USD saw a recovery on Thursday, rebounding from earlier lows as unexpectedly soft U.S. economic data stirred expectations of potentially easier Federal Reserve policy.

The USD/JPY pair has seen a significant rebound in Asian trading, rising from 156.55 to 157.03 following a plunge to 155.70 overnight due to weaker-than-expected U.S. CPI data.

The EUR/USD pair faces increasing downside risks, reflecting a complex mix of technical and fundamental factors.