EURUSD eyeing 1.12 and lower. JPY pairs bouncing off strong support - how high? USDJPY 159 is key. USDCAD, EURCHF & USDCHF at peak resist. Yields pushing higher to 2001 levels. Crypto sideways.
Author
Kim Cramer Larsson
KCL Consult
Kim Cramer Larsson hosts the Daily Technical Update, a daily 15-20 minutes video with live charts.
AUD/USD consolidates near a two-month low, trading around mid-0.6900s in the Asian session on Thursday amid a bullish US Dollar. The US PCE data tempered October Fed hike bets, though oil-driven inflation fears remain supportive of elevated US bond yields. Meanwhile, Australia's trade surplus shrank sharply in August to AUD495M, having limited impact on the Aussie Dollar and the pair.
USD/JPY is sitting at the top end of its weekly range above 158.00 in the Asian session on Thursday. Despite the softer US PCE data, oil-driven inflation risks keep US bond yields elevated near multi-year highs. Moreover, the US-Iran standoff benefits the safe-haven US Dollar and supports the pair. Broad US Dollar strength counters hawkish BoJ expectations and Japanese intervention risks.
Gold struggles to capitalize on a modest intraday move up to the $4,200 neighborhood, trading nearly unchanged for the day during the first half of the European session. Despite softer-than-expected US inflation data on Wednesday, US Dollar buying remains unabated as US bond yields continue scaling new multi-year highs. This is seen as a key factor undermining demand for the non-yielding bullion.
Hyperliquid (HYPE) is down 2% at press time on Thursday, trimming its 5% gains from the previous day. Institutional demand is easing, with $5 million in outflows on Wednesday, weighing on near-term investors' sentiment. The technical outlook for HYPE indicates a near-term mixed tone as the price remains capped below $90.
EUR/USD has fallen to its lowest level since May 2025, but a fresh inflation shock in the Eurozone could give the Euro an unexpected lifeline. The pair hit 1.1312 on Wednesday and trades well below the January peak of 1.2082. The decline reflects a powerful combination of US Dollar strength, geopolitical uncertainty and renewed concerns about Europe's exposure to higher energy prices.
EUR/USD has fallen to its lowest level since May 2025, but a fresh inflation shock in the Eurozone could give the Euro (EUR) an unexpected lifeline. The pair hit 1.1312 on Wednesday and trades well below the January peak of 1.2082.
![EUR/USD eyes 1.12 as JPY pairs bounce - How far can they rally? Can USD/JPY break 159? [Video]](https://editorial.fxsstatic.com/images/i/eur-usd-004.jpg)
