Japan’s Matsuno: We are keeping a careful eye on market movements with a sense of urgency

Anil Panchal FXStreet

Japanese Chief Cabinet Secretary Hirokazu Matsuno tried to placate the yen bears on Monday morning in Asia.

The policymaker initially mentioned that the government keeps a careful eye on market movements with a sense of urgency.

It’s worth noting, however, that Japan’s Matsuno also talked down stock fluctuation as a trigger for the policy move.

That said, the USD/JPY renews monthly high as buyers approach 139.00, up 0.60% intraday near 138.60 by the press time. The yen pair’s recent upside could be linked to the firmer yields and the monetary policy divergence of the Bank of Japan (BOJ) versus the rest of the major central banks.

Also read: USD/JPY marches towards 139.00 as Fed vs. BOJ divergence propel yields, US NFP eyed

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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 clings to gains around 1.1400

EUR/USD bounces off earlier multi-week lows and remains close to the 1.1400 region on Tuesday. The pair’s decent advance follows hopes of a more sustainable deal between the US and Iran, which in turn keeps the downside pressure on the US Dollar ahead of the key Fed meeting on Wednesday.

Gold bounces on poor US data

Gold remains under marked downside pressure on Tuesday, although the $4,000 zone per troy ounce emerges as a decent support for now. The precious metal’s pullback comes despite the modest losses in the US Dollar in a context of easing geopolitical tensions ahead of the key Fed event on Wednesday.

Bitcoin slips below $64,000 as risk-off sentiment grips markets

Bitcoin (BTC) is extending its correction, trading below $64,000 at the time of writing on Tuesday after losses of over 2.5% the previous day. Institutional demand shows early signs of weakness, with spot Exchange Traded Funds (ETFs) recording a mild outflow on Monday, marking three consecutive days of withdrawals.

Indian Rupee outlook: Downtrend set to persist – Just at a slower pace

The Indian Rupee just endured its most brutal six-month stretch in years, battered by a perfect storm of global shocks. From United States (US)-India trade uncertainty to surging Oil prices and the significant outflow of Foreign Institutional Investment (FII) from the Indian stock market, every event brought nothing but pain for the Indian currency.

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.