
USD/JPY Volatility Jumps as BOJ Hike Risk Returns
USD/JPY volatility has returned to the spotlight after a sharp yen move late in the Asian session initially raised questions over whether Japanese authorities had stepped back into the market.
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USD/JPY volatility has returned to the spotlight after a sharp yen move late in the Asian session initially raised questions over whether Japanese authorities had stepped back into the market.

USD/JPY has printed a bearish reversal candle on the four-hourly timeframe, followed by a break of the uptrend in place since August 20, with the move backed by a clear fundamental catalyst as BOJ officials continue to portray a far more hawkish outlook than what was seen earlier in the year.

Westpac analysts expect USD/JPY to test 162 in September before retreating to 154 by end-2027 and 146 by the end of 2028. The US Dollar to Japanese Yen (USD/JPY) exchange rate slipped to 159.6004 on Wednesday, leaving Westpac's September forecast target of 162 around 1.5% above spot.

Pound-Australian Dollar could slip back if Australian GDP reinforces RBA hike expectations, although renewed risk aversion may keep the Aussie under pressure. The Pound to Australian Dollar (GBP/AUD) exchange rate trended higher on Tuesday as a cautious market mood weakened demand for risk-sensitive assets like the.

The NZD/USD exchange rate continued its strong downward trend, reaching its lowest level since August 13 this year after the Reserve Bank of New Zealand (RBNZ) delivered its interest rate decision. It slumped to 0.5835, down by over 2.6% from its highest point in August.

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DXY strengthens as Iran escalation lifts inflation risks and Fed hike bets, while EUR/USD and GBP/USD extend their bearish breakdowns.

Pound-Dollar could push higher if US employment stays weak, although renewed geopolitical tensions may keep safe-haven Dollar demand firm. The Pound US Dollar (GBP/USD) exchange rate rebounded through the second half of Tuesday's session following the release of underwhelming US economic data.

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Pakistan Gold price today: Gold falls, according to FXStreet data

United Arab Emirates Gold price today: Gold falls, according to FXStreet data

Philippines Gold price today: Gold falls, according to FXStreet data

Saudi Arabia Gold price today: Gold falls, according to FXStreet data

Malaysia Gold price today: Gold falls, according to FXStreet data