Daily Forecast

Japanese Yen (JPY)

The Yen was sold as risk appetite improved and the USD/JPY rose above resistance at 95.50. AUD/JPY and GBP/JPY also surged higher with US stocks. June Unemployment came in at 5.4% vs. 5.2% previously.

Euro (EUR)

The Euro remained in a tight band as the market consolidated recent losses. Germany's July Unemployment remained at 8.3%. Looking ahead, July Inflation is forecast at -0.4% vs. -0.1% previously y/y