The Japanese Yen trades a little firmer on Monday, with USD/JPY down 0.05% and sitting short of 164.00 after last week's high stalled a hundredth of a Yen beneath the figure.
The Australian Dollar trades just beneath 0.7000 on Monday, up around 0.1%, having covered less than 30 pips between its session high and its session low. For the better part of a fortnight the market has tried to make something of the 0.7000 area and given up each time.
British Pound Sterling trades beneath 1.3300 against the Dollar on Monday, roughly 0.3% lower on the day and back at ground it last held in the opening days of July. It gets there at the end of the strongest run of British data since the spring, which is the part worth sitting with.
NZD/USD trades near the 0.5790 area on Monday, struggling to extend its recovery despite modest weakness in the US Dollar (USD).
BNP Paribas strategists see Japan’s Gross Domestic Product (GDP) growth slowing to 0.8% in 2026 from 1.1% in 2025 as higher inflation and energy-related costs weigh on activity, partly offset by fiscal support and AI (Artificial intelligence) investment.
The EUR/JPY holds firm around 163.70 on Monday as the Japanese Yen strengthens, with investors cautious about opening fresh hawkish bets amid fears of intervention in the foreign exchange market.
The USD/CHF extends its advance for the sixth straight trading session, up 0.11%, as the Greenback holds firm against a basket of six currencies, the US Dollar Index (DXY). At the time of writing, the pair trades at 0.8190, with buyers targeting 0.8200.
Silver (XAG/USD) reverses part of its earlier gains on Monday as the US Dollar (USD) rebounds after opening the week with a bearish gap following a temporary pause in attacks between the United States (US) and Iran.