
Gold retreats from two-month high as traders await US PPI
Gold retreats from two-month high as traders await US PPI
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Gold retreats from two-month high as traders await US PPI

USD/JPY Price Forecast: Capped below the 50% retracement of July's plunge, at 159.50

USD/JPY is holding its rebound near the 160 level, testing the possibility of reclaiming its 2026 uptrend as the US Dollar Index maintains its broader bullish structure.

Euro: Range tests with upside bias against US Dollar – ING
![Is EUR/JPY starting a bear trend? [Video]](https://static.pipvero.com/pipvero/uploads/2026-08/general-1-1786616014-3f77457474bc49e7.webp)
Is EUR/JPY starting a bear trend? [Video]

Silver price today: Silver falls, according to FXStreet data

The Pound-Dollar exchange rate is holding below $1.35 after resilient UK GDP data, with Sterling unable to make significant headway against a broadly steady US Dollar. The Pound to US Dollar (GBP/USD) exchange rate remained under modest pressure on Thursday morning despite stronger-than-expected monthly UK growth data.

The US dollar strengthened against commodity currencies following the release of July US inflation data. The annual Consumer Price Index (CPI) came in at 3.4%, exactly in line with forecasts and down from the previous 3.5%, while prices rose by 0.1% month-on-month.

NZD/USD Price Forecast: Cooling NZ inflation expectations push Kiwi under pressure

Gold: Upside capped by Fed hike risks – TD Securities

British Pound: Upside capped near 1.3555 against US Dollar – UOB

Gold and silver remain supported after softer U.S. CPI as traders turn to PPI for fresh clues on inflation and the Federal Reserve's policy outlook.

USD/JPY in positive territory: Yen gives back intervention gains

USD/JPY rose to 159.53 on Thursday, returning towards the 160.00 area as the Japanese yen weakened. The move has kept markets on alert for possible further intervention by the authorities amid persistent currency weakness.

DXY, EUR/USD and GBP/USD test key levels as traders turn to U.S. PPI after softer CPI and assess the latest UK GDP data.