JPY gains on strong Tankan survey – BBH

FXStreet Insights Team FXStreet

Japanese Yen (JPY) is outperforming as Japan’s Q3 Tankan survey confirmed steady business conditions, with large manufacturers and non-manufacturers reporting robust sentiment. The data supports expectations that the Bank of Japan will resume rate hikes at its October 30 meeting, underpinning the yen’s strength, BBH FX analysts report.

Business sentiment supports Yen

"JPY is outperforming. Japan’s Q3 Tankan business survey was firm. The all industries business conditions index printed at 15 for a fourth consecutive quarter, consistent with an ongoing recovery in real GDP growth."

"The details were good and in line with consensus. Large manufacturers’ sentiment improved to 14 vs. 13 in Q2, while large non-manufacturers sentiment printed at 34 for a second consecutive quarter. Our base case is for the Bank of Japan to resume raising rates at the October 30 meeting (63% priced-in) which bodes well for JPY."

Author

FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

GBP/USD dips below 1.3350 as USD demand surges

GBP/USD extends its intraday slide and closes in on 1.3300 in the American session on Thursday. The pair remains under heavy bearish pressure as the US Dollar (USD) benefits from the risk-averse market atmosphere amid escalating geopolitical tensions in the Middle East.

EUR/USD drops toward 1.1350 post ECB decision

EUR/USD remains under heavy bearish pressure in the second half of the day on Thursday and trades at its lowest level in three weeks below 1.1370. The ECB's cautious tone on policy tightening in the near future and the broad-based US Dollar (USD) strength on risk-aversion drag the pair lower.

Gold trims gains, dips to $4,050

Gold keeps retreating on Thursday, trading well below $4,100 early in the American session. US crude oil prices climb to a fresh six-week high above $90 amid a further escalation of tensions between the US and Iran, fueling inflation fears and bolstering US Fed interest rate hike expectations. Hawkish Fed bets weigh negatively on the yieldless bullion.

XRP Price Forecast: XRP trades sideways as Ripple targets 10 million agentic AI transactions

Ripple (XRP) is losing momentum on Thursday, albeit gradually, trading above $1.13. The remittance token tagged a weekly high of $1.16 on Tuesday, with gains mainly attributed to developments on the United States (US) Clarity Act and recent signs that inflation is easing in the world’s largest economy.

Bitcoin falls as surging Oil prices revive inflation concerns

Bitcoin extends its correction, trading below $65,800 after a modest decline in the previous day. Despite BTC’s fading strength, US-listed spot Bitcoin Exchange Traded Funds continued to attract institutional inflows on Wednesday, marking the seventh consecutive day of gains.

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.