Volkmar Baur at Commerzbank highlights a notable Japanese Yen recovery, with USD/JPY dropping below 157 for the first time since early September.
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann describe USD/CHF price action as directionless intraday, expecting a 0.8225–0.8260 range as momentum remains muted. On a 1–3 week horizon they retain a bearish bias, looking for a move toward 0.8200 while keeping strong resistance at 0.8275. Their earlier 1–3 month view had anticipated a rebound, but not enough momentum to revisit the July peak at 0.8206.
USD/CAD continues its losing streak for the sixth successive day, trading around 1.4020 during European hours on Thursday. The pair is retaining a bearish near-term bias as it holds beneath both the 50- and nine-day Exponential Moving Averages (EMAs).