FX Analysis: USD pairs supported by carry trade; GBPUSD shows exhaustion
Bullish sentiment for USDJPY and USDCHF persists due to interest rate differentials and the carry trade, while GBPUSD shows exhaustion and potential sideways movement.
Market context
Follow the story. See which markets it affects. Explore the context.
Bullish sentiment for USDJPY and USDCHF persists due to interest rate differentials and the carry trade, while GBPUSD shows exhaustion and potential sideways movement.
USD rebounded post-NFP with 50% September hike odds; today's CPI is key. JPY steady amid intervention aftermath and possible BoJ September hike hints. USDJPY holds bullish trend, targeting 160.50 res…
Technical analysis shows USD/JPY testing 200-day EMA with bullish bias, USD/CAD forming double bottom eyeing 1.4150, and USD/CHF consolidating near 0.8150 amid carry trade dynamics.