Newsquawk Logo

[MARKET ANALYSIS] JPY gives back gains whilst other G10s are mixed against the USD

The JPY is giving back recent gains while other G10 currencies display mixed performance against the USD.

Newsquawk StaffPublished On the live feed at — 10 more headlines followed before this page went public
Newsquawk headlinesUTC

[MARKET ANALYSIS] European equities rebound, sectors point to a cyclical bias; US equity futures mildly gains while SMCI nose-dives pre-market

[MARKET ANALYSIS] Crude futures dip and metals rise amid some geopolitical optimism

[MARKET ANALYSIS] JPY gives back gains whilst other G10s are mixed against the USD

Israel's oil refineries says the Iranian missile on Thursday hit electrical infrastructure in Haifa, suppling a service facility

China's Commerce Minister Wentao met with Apple (AAPL) CEO Cook

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free
Free. No signup, no card.
  • DXY trades in a narrow 99.252-99.476 range at the time of writing, and off best levels following yesterday’s hefty decline from a 100.306 high to a 98.975 low, on the back of hawkish-leaning BoJ, BoE and ECB alongside a slide in crude prices. Analysts at ING suggest the “takeaway from this week of central bank decisions hasn’t changed: not enough guidance has been offered to dent oil’s role as a major market driver. Rate expectations should remain fluid and commodity price dependent, and continue to play a secondary role for FX.”
  • EUR/USD mildly pulled back overnight but trades relatively steady in a narrow range during the European morning. ECB source reports yesterday noted officials see the need for possible rate hike talk to start in April, but added that a move would be more likely in June. Several ECB speakers hit the wires today – most members suggested a meeting-by-meeting approach, whilst ECB’s Nagel said the ECB would need a hike in April if the price outlook sours, and will act with necessary resolve.
  • GBP/USD trickled lower overnight after strengthening in the aftermath of the BoE decision. GBP clambered off its worst levels during European hours as the USD and oil eased, with GBP/USD finding some support near its 100 DMA (1.3396) while briefly topping its 200 DMA (1.3433) again this morning, trading in a current 1.3398-1.3442 range.
  • USD/JPY partially rebounds after slumping briefly below the 158.00 handle, while the mild recovery was facilitated by improved risk appetite, but with further momentum contained amid the absence of Japanese participants.
  • Antipodeans tilt higher amid the positive risk mood, but overall remains in rangebound trade amid the cautiousness heading into the weekend.
Context

This reflects a fluid environment driven by central bank policies and commodity prices, particularly as the USD index stabilizes after notable declines. Traders should pay attention to potential shifts in rate expectations and commodity dynamics as they influence FX movements in the near term.

Related headlines

The whole workspace, free to try.

Try it free
Newsquawk Logo

© 2026 Newsquawk. All rights reserved.