US Dollar / Japanese Yen Trading (USDJPY)

Markets on Thursday leaned toward a dovish global outlook, lifting precious metals and reshaping major currency moves.

Rate-cut expectations overtook Wednesday trading.

Markets traded cautiously on Tuesday as shifting rate expectations and profit-taking shaped moves across assets.

Major FX and metals opened the week firm as markets prepared for heavy data and shifting policy expectations. EUR/USD rose back above 1.1600 on softer Eurozone inflation and steady ECB guidance through 2026, while GBP/USD held near 1.3245 supported by rising odds of a December Fed cut. 

Dovish Fed signals, Kevin Hassett’s rise as a pro-cut Fed Chair candidate, and ongoing Russia-Ukraine tensions are supporting commodities and safe-haven demand, while Friday brings no major US data. 

Markets traded cautiously positive on Thursday, driven by rising expectations of a December Fed rate cut. EUR/USD broke above 1.1600 for a fourth session higher, while GBP/USD climbed past 1.3250 after the OBR reported downgraded growth but £22B in fiscal headroom. 

Global markets turned cautiously optimistic Wednesday, supported by rising expectations of a December Fed rate cut. EUR/USD extended its three-day climb near 1.1580, while the yen held firm around 156 on speculation of potential intervention and softer US data.

Global markets turned cautiously optimistic on Tuesday as expectations for a December Fed rate cut strengthened. Gold climbed toward 4,140 dollars and silver held near 51.30 as dovish Fed signals pushed rate-cut odds sharply higher. 

Global markets opened the week cautiously as shifting rate expectations and currency volatility shaped sentiment. Gold slipped toward $4,040 ahead of key US data, while odds of a December Fed rate cut rose to nearly 70% after comments from John Williams. 

EUR/USD held near 1.1540 after the NFP-driven Dollar pullback, while the Yen saw a mild lift on rising intervention speculation despite Japan’s growing fiscal risks.