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Platinum: Bullish bias holds as breakout test looms - OCBC

OCBC’s Christopher Wong keeps a firmer tactical bias on Platinum, favouring buy-on-dips despite a recent loss of momentum near 1860–1910. Mild bullish momentum remains intact, with key resistance at 1863–1943 and upside potential towards 2065 on a clean breakout.

Source  Fxstreet1787917480
“State terrorism”: Iran condemns new US economic measures

Iran strongly condemned the latest economic measures imposed by the United States (US) on Friday, describing Washington's sanctions policy as “state terrorism”, according to a statement from the Iranian Foreign Ministry cited by Reuters.

Source  Fxstreet1787914312
"Anything else would likely put the Japanese Yen under significant pressure": Commerzbank on why BoJ should hike rates

The Japanese Yen (JPY) is holding within a narrow trading range against the US Dollar (USD) at around 159.35, but pressures are rising following an acceleration in Tokyo inflation data.

Source  Fxstreet1787911320
Japanese Yen: Weak currency and cheap burgers – Nordea

Nordea’s Helge J. Pedersen argues that the Japanese Yen appears significantly undervalued versus the Dollar on both OECD purchasing power parity estimates and The Economist’s Big Mac Index.

Source  Fxstreet1787910763
Nonfarm Payrolls face a reality check with key benchmark revision

US investors will watch on Friday a labor market report that is far less familiar than the monthly jobs release but has gained considerable importance following the spectacular revisions of recent years.

Source  Fxstreet1787909607
Silver: Consolidation near resistance as positioning builds – OCBC

OCBC’s Christopher Wong describes Silver as constructive with room for participation to build, as ETF holdings and managed-money positioning rise from light levels. Technical bias is mildly bullish, but momentum is fading near the 70.60–72 resistance band.

Source  Fxstreet1787903738
Indian Rupee: GDP data to show resilience – DBS

DBS Group strategists Taimur Baig and Nathan Chow expect India’s 1QFY27 Gross Domestic Product (GDP) to confirm that the economy has weathered geopolitical disruptions better than initially feared.

Source  Fxstreet1787902960
Asia FX: Central banks act as risk managers – MUFG

MUFG’s Michael Wan reviews recent decisions by Bank of Korea (BoK), Bangko Sentral ng Pilipinas (BSP) and Bank of Japan (BoJ), stressing a shared risk-management approach under uncertainty. BoK and BSP both hiked 25 bps but signalled a slower pace ahead while keeping tightening options open.

Source  Fxstreet1787902410
Indonesian Rupiah strengthens despite market caution

USD/IDR loses ground for the second successive day, trading around 17,750 during the early European hours on Friday.

Source  Fxstreet1787899363
Equities: Tech gains conceal broader market weakness - Deutsche Bank

Deutsche Bank strategists note that Nvidia’s post-earnings surge drove a sharp rally in technology stocks, lifting the S&P 500 by 0.72% and the Nasdaq by 1.57%.

Source  Fxstreet1787898569
British Pound edges higher despite delaying BoE rate hike expectations

GBP/USD inches higher after two days of losses, trading around 1.3600 during the Asian hours on Friday. However, the British Pound (GBP) may encounter headwinds as recent declines in Brent crude oil prices ease immediate inflation concerns.

Source  Fxstreet1787881219
WTI remains above $82.50 amid rising UK-Russia tensions

West Texas Intermediate (WTI) oil price declines after two days of gains, trading around $82.70 per barrel during the Asian hours on Friday. Crude oil prices may regain their footing as intensifying conflicts in Eastern Europe pull market attention away from the Middle East.

Source  Fxstreet1787878918
Iran says preparing list of conditions to open Strait of Hormuz

Iran’s Security Chief Mohsen Rezaei said on Friday that Tehran is preparing a list of its conditions to open the Strait of Hormuz in response to a request by mediators, adding that conditions include ending the war in the region, Reuters reported, citing an interview on Lebanese Hezbollah-affiliated

Source  Fxstreet1787874539

Japan Tokyo CPI ex Fresh Food (YoY) above forecasts (1.7%) in August: Actual (1.8%)

Source  Fxstreet1787874367

Japan Tokyo CPI ex Food, Energy (YoY): 2% (August)

Source  Fxstreet1787874293
1.9%: Japan’s Tokyo CPI inflation rises in August

The headline Tokyo Consumer Price Index (CPI) for August rose 1.9% YoY as compared to 1.8% in the previous month, the Statistics Bureau of Japan showed on Friday.

Source  Fxstreet1787873509

Japan Tokyo Consumer Price Index (YoY): 1.9% (August) vs previous 2%

Source  Fxstreet1787873416

Japan Unemployment Rate came in at 2.4%, below expectations (2.5%) in July

Source  Fxstreet1787873409

Japan Jobs / Applicants Ratio came in at 1.18, below expectations (1.19) in July

Source  Fxstreet1787873401

Ireland Consumer Confidence: 63.2 (August) vs 61.6

Source  Fxstreet1787871661
China: Beijing balances tariff pushback and dialogue – BNY

Geoff Yu at BNY reports that China is opposing potential new U.S. Section 301 tariffs while keeping communication channels open. Beijing has threatened “necessary measures” in response to additional duties but continues high-level engagement ahead of a possible Trump–Xi summit.

Source  Fxstreet1787866740
South Korean Won: Rate hikes and undervaluation support KRW – BNY

BNY’s Geoff Yu highlights that the Bank of Korea’s 25bp hike to 3.00% and upgraded growth and inflation forecasts underline ongoing tightening risks. Robust exports and investment are supporting the economy, though stronger demand could fuel inflation and household debt.

Source  Fxstreet1787863620
Singapore Dollar: Near-term downside risks against US Dollar – OCBC

OCBC Bank strategists Sim Moh Siong and Christopher Wong note that USD/SGD traded slightly firmer as resilient US data halted US Dollar downside pressure, though the pair remains subdued and rangebound ahead of Chair Warsh’s Jackson Hole speech.

Source  Fxstreet1787862480
Philippine Peso: Policy behind curve keeps currency lagging – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad sees the Philippine Peso underperforming its Asian peers after the Bangko Sentral ng Pilipinas (BSP) delivered a third consecutive 25 bps rate hike to 5.00%.

Source  Fxstreet1787861160
Indonesian Rupiah: Policy synergy focus supports IDR – DBS

DBS Group Research economist Radhika Rao notes that Indonesia’s parliament has held fit-and-proper hearings for BI Governor nominee Destry Damayanti, who signalled continuity, robust policy tools and stronger coordination with fiscal authorities.

Source  Fxstreet1787859780
Thai Baht: Consolidation expected in defined range against US Dollar – Commerzbank

Commerzbank FX Analyst Charlie Lay reports USD/THB has eased from around 33.90 in late July to about 32.70, helped by a softer Dollar.

Source  Fxstreet1787858340
Chinese Yuan: Measured RMB appreciation with two-way risks – OCBC

OCBC Bank strategists Sim Moh Siong and Christopher Wong highlight that USD/CNH has edged higher alongside a broader US Dollar (USD) rebound and firmer US Treasury yields, while the People's Bank of China (PBoC) continues to prefer a gradual appreciation path.

Source  Fxstreet1787855851
Fed’s Collins says PCE does not change restrictive policy view

The Boston Fed President, Suan Collins, crossed the wires on Thursday as the Jackson Hole Symposium began. She said that the recent PCE report does not change the view that policy is restrictive and will lead to gradual disinflation.

Source  Fxstreet1787855589
US President Trump hits Canada on trade, says Hormuz Oil keeps flowing

US President Donald Trump held a press conference at the White House, in which he insisted that Canada has been ripping off the US on trade and that it wants to be “treated like a state.”

Source  Fxstreet1787854267
Fed’s Hammack says policy restrictiveness still needed

The Cleveland Fed President Beth Hammack crossed the wires once more in Fox Business, stating that the job market is broadly in balance, while adding that “we need restrictiveness in policy.”

Source  Fxstreet1787852961
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