Societe Generale’s Kenneth Broux notes that USD/JPY has resumed its advance after holding a multi‑month trendline near 157.40 and breaking out of consolidation. The pair is approaching the 2024 peak around 162, with key support at 159.65/159.10.

The AUD/USD pair recovers a few pips from over a one-week low, touched earlier this Friday, though it lacks follow-through and currently trades around the 0.7000 psychological mark.

Greece Current Account (YoY) rose from previous €-2.344B to €-1.389B in April

Here is what you need to know on Friday, June 23:

Silver price (XAG/USD) loses ground for the third successive day, trading around $64.70 per troy ounce during the European hours on Friday. Silver price remains under pressure as persistent concerns over inflation and high interest rates are revived by mounting oil supply anxieties.

The Japanese Yen (JPY) remains offered against the US Dollar (USD) on Friday, and the USD/JPY pair stands comfortably around 161.30, its highest level since 2024, way beyond the level that triggered an alleged intervention on April 30.

The GBP/JPY cross attracts sellers for the third straight day on Friday, though it finds some support ahead of a one-month low set the previous day following the release of the upbeat UK data.

USD/CAD holds ground for the seventh consecutive day, trading around 1.4140 during the European hours on Friday. The technical analysis of the daily chart indicates the pair is moving upwards within the ascending channel pattern, signaling a persistent bullish bias.

Deutsche Bank reports that the Dollar Index rose 0.65% to 100.98, while EUR/USD slipped to 1.144. The move comes as US Treasuries partially retraced prior Fed‑driven losses, with the 10‑year yield down 3.4 bps and jobless claims slightly above expectations.

The EUR/JPY cross loses traction to near 184.45 during the early European trading hours on Friday. The Japanese Yen (JPY) edges higher against the Euro (EUR) amid fears of currency intervention from Japanese authorities.

GBP/USD remains subdued for the third successive day, trading around 1.3190 during the early European hours on Friday. The British Pound (GBP) pares its daily losses against the US Dollar (USD) but remains in negative territory following the release of key economic data from the United Kingdom (UK).

The Euro (EUR) is pulling back against a stronger British Pound (GBP) on Friday, with the EUR/GBP pair trading at the 0.8665 area following rejection at one-month highs near 0.8685.

European Central Bank (ECB) policymaker and the head of Belgium's central bank, Pierre Wunsch, said on Friday that the central bank may cut the interest rates when the dynamics turn.

Deutsche Bank reports that Brent Oil initially fell after the US‑Iran memorandum of understanding, as investors faded war‑related economic fears, before reversing to close slightly higher near $79.85.

Deutsche Bank’s Jim Reid highlights that the Japanese Yen is trading near its weakest levels since 1986, with USD/JPY around 161.38 after touching 161.80 in late US trading.

Solana (SOL) price edges below $70 at press time on Friday, extending its losses for the fourth straight day this week. The institutional demand for Solana is building, with steady inflows so far this week and Morgan Stanley’s amended S-1 filing for a Solana-focused Exchange-Traded Fund (ETF).

BNB (BNB), formerly known as Binance Coin, continues to extend its losses, trading below $573 at the time of writing on Friday, losing over 7% so far this week. Muted institutional demand, rising short bets and falling Open Interest (OI) signal growing downside bias.

Retail Sales, a key measure of consumer spending, in the United Kingdom (UK) climbed 1.2% month-over-month (MoM) in May after falling by a revised 1.0% in April, the latest data published by the Office for National Statistics (ONS) showed on Friday.

United Kingdom Public Sector Net Borrowing came in at £23.294B, above forecasts (£18.5B) in May

Germany Producer Price Index (MoM) below forecasts (0.7%) in May: Actual (0.3%)

Germany Producer Price Index (YoY) came in at 2.2%, below expectations (2.5%) in May

United Kingdom Retail Sales (MoM) above forecasts (0.5%) in May: Actual (1.2%)

United Kingdom Retail Sales ex-Fuel (YoY) above expectations (3.3%) in May: Actual (4.6%)

United Kingdom Retail Sales (YoY) above expectations (1.9%) in May: Actual (3.2%)

United Kingdom Retail Sales ex-Fuel (MoM) above expectations (0.4%) in May: Actual (1.2%)

USD/IDR depreciates after three days of consecutive gains, trading around 17,840 during the Asian hours on Friday.

The EUR/USD pair trades in negative territory around 1.1425 during the early European trading hours on Friday. The uncertainty surrounding the US-Iran peace deal provides some support to a safe-haven currency such as the US Dollar (USD) and acts as a headwind for the major pair.