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Forex Today: US Dollar regains ground, eyes on US Retail Sales, PPI data

Here is what you need to know on Wednesday, January 14:

Source  Fxstreet1768372328
USD/JPY Price Forecast: Approaches 160.00 on Yen’s continued underperformance

The USD/JPY pair posts a fresh one-and-a-half-year high near 159.45 during the early European trading session on Wednesday. The pair strengthens as the Japanese Yen (JPY) continues to underperform across the board amid political uncertainty in Japan.

Source  Fxstreet1768370798
USD/INR falls on positive outcome from US-India trade talks

The Indian Rupee (INR) trades higher against the US Dollar in the opening session on Wednesday. The USD/INR pair drops to near 90.30 as the Indian Rupee gains on the outcome of trade talks between the United States (US) and India on Tuesday.

Source  Fxstreet1768370440
USD/CHF posts mild gains above 0.8000 as US CPI inflation data in line

The USD/CHF pair posts modest gains around 0.8010 during the early European session on Wednesday. The Greenback strengthens against the Swiss Franc (CHF) after US inflation data that was broadly in line with estimates.

Source  Fxstreet1768367872
EUR/USD Price Forecast: Hovers around 1.1650 as RSI signals fading momentum

EUR/USD moves little after registering modest losses in the previous session, trading around 1.1650 during the Asian hours on Wednesday. The 14-day Relative Strength Index (RSI) momentum indicator, currently at 40 (below the 50 midline), signals weak momentum without indicating oversold conditions.

Source  Fxstreet1768366472
USD/CAD remains stronger near 1.3900 due to cautious Fed outlook

USD/CAD remains stronger for the second successive session, trading around 1.3900 during the Asian hours on Wednesday.

Source  Fxstreet1768359358
AUD/USD steadies below 0.6700 ahead of China’s Trade Balance

AUD/USD holds ground after registering modest losses in the previous session, trading around 0.6680 during the Asian hours on Wednesday.

Source  Fxstreet1768357173
NZD/USD holds losses below 0.5750 ahead of China trade data

NZD/USD extends its losses for the second successive day, trading around 0.5730 during the Asian hours on Wednesday.

Source  Fxstreet1768355295
When is the China’s Trade Balance and how it could affect AUD/USD?

The General Administration of Customs will publish its data for December on Wednesday at 03.00 GMT. Trade balance is expected to widen to $113.60B in December, compared to $111.68B in the previous reading.

Source  Fxstreet1768351938
EUR/USD slips below 1.1650 as resilient US labor data backs Dollar

EUR/USD trades with losses on Tuesday even though the latest inflation in the United States was benign, hinting that the Federal Reserve could indeed reduce interest rates as priced in by the financial markets. At the time of writing, the pair trades at 1.1642, down by over 0.20%.

Source  Fxstreet1768347444
USD/JPY climbs above 159.00 amid Japan's fiscal, political concerns

The USD/JPY pair jumps to near 159.15, the highest since July 2024, during the early Asian session on Wednesday. The Japanese Yen (JPY) weakens against the US Dollar (USD) amid concerns about looser fiscal and monetary policy in Japan.

Source  Fxstreet1768346736

South Korea Unemployment Rate increased to 4% in December from previous 2.7%

Source  Fxstreet1768345233
FX Today: US Retail Sales, more inflation data and Fedspeak will be in the limelight

The US Dollar (USD) resumed its robust recovery on Tuesday, leaving behind Monday’s pessimism as investors continued to assess the latest US CPI data while gearing up for further inflation readings, Retail Sales and comments from Fed officials.

Source  Fxstreet1768330665
AUD/USD softens as markets digest US inflation data

The Australian Dollar (AUD) trades on the back foot against the US Dollar (USD) on Tuesday, pressured by a firmer Greenback following the release of the latest US inflation figures. At the time of writing, AUD/USD trades around 0.6677, retracing all of the previous day’s gains.

Source  Fxstreet1768327880
USD/CAD holds steady as US disinflation offsets Oil-driven Canadian Dollar support

USD/CAD trades around 1.3880 on Tuesday at the time of writing, virtually unchanged on the day, amid mixed macroeconomic signals from the United States (US) and Canada-specific supportive factors.

Source  Fxstreet1768321360
USD/JPY rises toward 159.00 as Dollar firms after US inflation data

The Japanese Yen (JPY) weakens further against the US Dollar on Tuesday as the Greenback strengthens following the release of the latest US inflation report. USD/JPY trades around 159.00 at the time of writing, hovering near levels last seen in July 2024.

Source  Fxstreet1768320362
GBP/USD flat near 1.3450 as softer US CPI revives 2026 Fed cut bets

The British Pound turns negative on the day, yet it remains near its Tuesday’s opening price after the latest inflation report in the US indicates that the Federal Reserve could continue to ease policy in 2026. The GBP/USD trades at 1.3450, down 0.03%.

Source  Fxstreet1768319316
EUR/GBP Price Forecast: Sellers retain control below key SMAs

The Euro (EUR) recovers modestly against the British Pound (GBP) on Tuesday, trimming earlier losses after attracting dip-buying interest near the 0.8650 region.

Source  Fxstreet1768317405
JPY hits lowest since July 2024 on snap election speculation – Scotiabank

The Japanese Yen (JPY) fell 0.5% against the US Dollar (USD), underperforming all G10 currencies, as speculation over PM Takaichi’s snap election drove renewed selling and pushed USD/JPY toward levels last seen in early 2025, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Source  Fxstreet1768316199
EUR/USD consolidates after Monday’s reversal attempt – Scotiabank

The Euro (EUR) is trading flat to the US Dollar (USD) and consolidating in a tight range following Monday’s attempt at a bullish reversal of the pullback from mid/late December, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Source  Fxstreet1768315441
USD/CHF trades mixed as US inflation, Fed independence concerns weigh on Dollar

USD/CHF trades around 0.7980 on Tuesday at the time of writing, up 0.10% on the day, but off its intraday high following the release of US inflation data.

Source  Fxstreet1768314323
EUR/USD consolidates as US inflation data reinforce cautious Fed outlook

The Euro (EUR) holds firm against the US Dollar (USD) on Tuesday as traders show a limited reaction to the latest US inflation data. At the time of writing, EUR/USD trades around 1.1667, as the Greenback softens modestly.

Source  Fxstreet1768313820
CAD little changed amid firmer USD and MXN gains – Scotiabank

The Canadian Dollar (CAD) is trading little changed on the day. Along with a minor gain for the MXN and the generally firmer USD, there is a mild bid for North American FX across markets, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Source  Fxstreet1768313688
GBP/JPY extends gains as political uncertainty in Japan weighs on the Yen

The British Pound (GBP) pushes higher against the Japanese Yen (JPY) on Tuesday, supported by broad-based Yen weakness as political developments in Japan weigh on sentiment.

Source  Fxstreet1768309622
AUD/USD Price Forecast: Aussie eases to 0.6700 after failure at at 0.6725

The Australian Dollar remains trading within previous ranges against its US counterpart, as the pair’s recovery from the 0.6660 area was capped at 0.6725 on Monday before pulling back to 0.6700.

Source  Fxstreet1768307922
JPY drops to weakest since July 2024 – ING

The Japanese Yen (JPY) fell 0.5% to 158.91 per US Dollar (USD), hitting its weakest level since July 2024, as speculation of a snap election under PM Takaichi triggered renewed selling, ING's FX analyst Francesco Pesole notes.

Source  Fxstreet1768306293
JPY and JGBs slide as election talk fuels stimulus bets – BBH

JPY and JGB slide, while the Nikkei rallies as Japan election talks fuel bets of more government stimulus.

Source  Fxstreet1768306137
EUR/GBP steady with focus on UK GDP, central bank policy dynamics

EUR/GBP trades in a tight range around 0.8660 on Tuesday, virtually unchanged on the day at the time of writing.

Source  Fxstreet1768305645
EUR/USD fails to break 1.1700 – ING

EUR/USD missed an opportunity to break above 1.1700, with the euro lacking momentum while the US Dollar (USD) could strengthen further on upcoming inflation data, ING's FX analyst Francesco Pesole notes.

Source  Fxstreet1768305370
AUD/JPY Price Forecast: Approaches all-time high near 109.40

The AUD/JPY pair trades 0.3% higher to near 106.46 during the European trading session on Tuesday. The pair jumps higher as the Japanese Yen (JPY) underperforms its peers amid uncertainty surrounding Japan’s political outlook.

Source  Fxstreet1768305055
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