USDJPY: Short term charts are fairly neutral

Jim Langlands FX Charts

Preferred Strategy: The dollar briefly made a new trend high on Friday (113.43) before reversing to fish the day pretty much unchanged and within the recent range. Short term charts are fairly neutral although the dailies are showing signs of some tiredness on the topside and we could see a bit of a dip in coming sessions although being a US/Japan holiday it looks like being a fairly quiet Monday. Trade the range 112.00/113.00 with a 40 point SL on each side.

Economic data highlights will include:

M: Japan Holiday

T: Trade Balance, Current Account-Eco Watchers Survey, Machine Tool Orders

W: Machinery Orders,

F: Foreign Bond/Stocks Investment

Author

Jim Langlands

FX Charts

Jim Langlands began his trading career in the commodities markets in London in 1976, before moving to Australia in 1979 to work as a floor trader on the Sydney Futures Exchange.

GBP/USD remains slightly bid near 1.3300

GBP/USD now advances marginally and manages to dispute the 1.3300 region on Tuesday. Indeed, Cable regains some balance on the back of the lacklustre performance of the Greenback, all preceding the Fed’s meeting on Wednesday and the BoE’s gathering on Thursday.

EUR/USD recedes from tops, back below 1.1400

EUR/USD manages to set aside part of the recent weakness and clinches decent gains on Tuesday. Indeed, spot keeps the trade below the 1.1400 mark amid acceptable losses in the US Dollar, all following rising optimism of a US-Iran deal and steady caution prior to the FOMC gathering on Wednesday.

Gold defends $4,000; awaits FOMC amid fresh Iran risks

Gold is consolidating above $4,000 as traders opt to wait for the crucial FOMC decision due later this Wednesday for more cues about the Fed's future policy path. The outlook, in turn, will influence the US Dollar and provide some meaningful impetus to the non-yielding bullion. In the meantime, the risk of resumption of US-Iran hostilities continues to remain a drag on the bullion, as Oil prices find fresh demand.

Bitcoin faces muted activity as BitMEX shutdown, FOMC uncertainty weigh on sentiment

Bitcoin eased below $64,000 on Tuesday as traders navigate exchange shutdowns and heightened uncertainty ahead of the Federal Reserve’s policy meeting, according to K33. In a report on Tuesday, K33 noted that BitMEX's decision to shut down marks the end of an important chapter for the crypto derivatives market.

WTI rebounds from two-week low, well bid around mid-$81.00s amid Iran risks

West Texas Intermediate – the benchmark US Crude Oil price – gains strong positive traction during the Asian session on Wednesday, snapping a three-day losing streak to an over two-week low touched the previous day. The commodity currently trades around mid-$81.00s, up nearly 4% for the day, amid the risk of resumption of US-Iran hostilities.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.