Japanese yen holds near August highs as USD eyes US NFP
The USD/JPY pair enters a bearish consolidation phase during the Asian session on Friday and currently trades near the 155.75 region, nearly unchanged for the day.

The USD/JPY pair enters a bearish consolidation phase during the Asian session on Friday and currently trades near the 155.75 region, nearly unchanged for the day.

The EUR/USD pair trades on a flat note around 1.1625 during the early Asian session on Friday. Traders prefer to wait on the sidelines ahead of the US key employment report for August, which will be published later on Friday.

Reserve Bank of New Zealand (RBNZ) Monetary Policy Committee member Carl Hansen said on Thursday that future monetary policy moves hinge on trends across broad economic data sets.

Gold price (XAU/USD) gains momentum to around $4,470 during the early Asian session on Friday. The precious metal extended its recovery as Federal Reserve (Fed) rate hike bets ease. All eyes will be on the US August Nonfarm Payrolls (NFP) report, which is due later on Friday.

The Australian Dollar rises against the US Dollar on Thursday as Fed Governor Waller turns moderately dovish ahead of the September meeting, even as Oil prices rise due to a resumption of hostilities in the Middle East. The AUD/USD trades at 0.7200, up 0.44%.

Silver price advances by some 2.45% on Thursday, boosted by dovish comments from Fed Governor Waller, which pushed the US Dollar and US Treasury yields lower. The XAG/USD trades at $66.90, after reaching a high of $67.48.

Commerzbanks Singapore-based team highlights robust Singapore manufacturing and electronics PMIs, supported by an AI-driven semiconductor cycle, alongside upgraded MAS Survey GDP and export forecasts.

Pairs on Watch - FX:AUDUSD : Currently long in a position on this pair, executed on the 15M with a reduce risk entry earlier this morning. We have had some development after I was tagged in, but stop loss is protected and enough confluences align for the long move. I will be monitoring this to see how price reacts where it currently is, managing to the 3% area and if the DXY breaks lower, we could see a great run to the upside on this pair. FX:GBPNZD : Very simple setup on this pair now …

The Euro (EUR) trades slightly higher against the US Dollar (USD) at around 1.1600 during the early European trading session on Thursday.

The GBP/JPY cross remains under intense selling pressure for the second straight day and drops to a three-and-a-half-week low, around the 212.75-212.70 region during the Asian session on Thursday.

The USD/JPY pair attracts some sellers to near 158.15 during the Asian trading hours on Thursday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) following hints from Japanese policymakers that interest rates will rise later this month.

The NZD/USD pair recovers some lost ground to near 0.5860, snapping the four-day losing streak during the early Asian session on Thursday. The New Zealand Dollar (NZD) strengthens against the US Dollar (USD) following the upbeat Chinese economic data.

The AUD/USD pair struggles to capitalize on the previous day's bounce from the 0.7120 region, or a nearly two-week low, and oscillates in a range during the Asian session on Thursday.

The GBP/USD pair consolidates below the 1.3500 psychological mark during the Asian session on Thursday and remains close to a three-week low, touched the previous day.
If growth were to slow in the semiconductor sector, would the slowdown take the Korean economy with it?

The Pound Sterling collapses versus the Japanese Yen as growing “speculation” of an intervention in the FX markets witnessed the Yen appreciating versus most G8 FX currencies. The GBP/JPY trades with losses of more than 1.10%, at 214.08.

The Reserve Bank of New Zealand (RBNZ) raised its policy rate on Wednesday and the currency fell almost 1.7% from top to bottom on the day it happened.

Sterling has spent Wednesday handing back the last of its August rally, with GBP/USD trading just under 1.3500 after a session low a shade beneath 1.3475.

The USD/CHF pair advances some 0.13% on Wednesday as the Greenback holds within familiar levels, after depreciating versus the Japanese Yen amid speculation of an intervention in the FX markets. This dragged the pair from around five-week highs to the 0.8120 area.

Gold (XAU/USD) price rises over 1% on Wednesday as the Greenback softens amid speculation of an intervention to bolster the Japanese Yen (JPY), while US Treasury yields hold firm after weak US jobs data. At the time of writing, the XAU/USD pair trades at $4,373.