Brown Brothers Harriman’s (BBH Elias Haddad notes USD/JPY is stuck between resistance at 160.00 and support at the 200‑day moving average, as Bank of Japan (BoJ) officials maintain hawkish guidance and underlying inflation firms near the 2% target.

The British Pound (GBP) extends losses for the second consecutive day on Thursday, as the US Dollar (USD) strengthens after the hot US inflation report released on Wednesday.

The Australian Dollar (AUD) is up 0.1% at around 0.7180 against the US Dollar (USD) during the European trading session on Thursday. The Aussie pair remains firm this week due to continued outperformance by the antipodean.

EUR/GBP trades around 0.8575 on Thursday at the time of writing, virtually unchanged on the day with a modest gain of 0.05%.

The Euro (EUR) heads lower for the second consecutive day on Thursday, with the  US Dollar (USD) supported by strong US inflation data released on Wednesday.

EUR/JPY trades around 185.65 on Thursday at the time of writing, virtually unchanged on the day. The Euro (EUR) benefits from encouraging German data, while the Japanese Yen (JPY) continues to struggle to attract sustained demand amid concerns over Japan’s fiscal position.

EUR/CAD maintains its position after three days of gains, trading around 1.6170 during the European hours on Thursday. The currency cross remains steady as the Euro (EUR) moves little following a surprisingly upbeat economic data out of Germany.

Silver’s (XAG/USD) pullback from the $70.00 area found buyers above $67.40 on Thursday to trim losses and return to the mid-range of the $68.00s during the European morning session.

The Japanese Yen (JPY) trades in a limited range at around 159.30 against the US Dollar (USD) during the European trading session on Thursday. The USD/JPY pair consolidates as investors await Federal Reserve (Fed) Chairman Kevin Warsh’s speech at the Jackson Hole Symposium on Friday.

Societe Generale strategists observe that the Brazilian Real (BRL) largely ignored softer inflation data, which still supports a Banco Central do Brasil (BCB) rate cut in September followed by a pause into elections.

The GBP/JPY cross recovers a few pips from the vicinity of the weekly trough, though it lacks follow-through buying and trades around mid-216.00s during the early European session on Thursday.

Rabobank's Christian Lawrence and Molly Schwartz highlight that USD/MXN has broken below 17 for the first time since May 2024, prompting a forecast revision toward 16.5 in coming weeks.

The Swiss Franc (CHF) has failed to find support on the upbeat Swiss employment figures released on Thursday and keeps drifting lower against the US Dollar (USD) on Thursday.

Commerzbank’s Tatha Ghose revisits Turkish inflation dynamics, noting seasonally-adjusted price momentum above 2% m/m and warning that disinflation is unlikely.

BNY’s Geoff Yu notes that stronger Oil prices have improved Norway’s terms of trade, but EUR/NOK gains have pushed up the I-44 import price index.

The Canadian Dollar (CAD) trades lower against the US Dollar (USD) on Thursday, with USD/CAD trading marginally higher to near 1.3886. The Loonie faces selling pressure as the ongoing trade war between the United States (US) and Canada has raised Ottawa's economic concerns.

The NZD/USD pair slips back below mid-0.5900s during the early European session on Thursday, back closer the weekly low, touched the previous day.

DBS Group Research’s Philip Wee notes AUD/USD has risen 2.2% in August after a 1.5% gain in July, leaving the Australian Dollar near year-to-date highs and the best-performing G10 currency in 2026.

The Euro (EUR) remains practically flat against the US Dollar (USD) on Thursday, with the weekly chart showing a mild bearish correction, as the rally from late July lows had reached overbought levels.

Danske Research Team notes that the United States (US) Personal Consumption Expenditures (PCE) Price Index inflation surprise triggered a hawkish market reaction, pushing US rates higher and weighing on EUR/USD. The pair dropped to 1.1650 as the US Dollar (USD) found support from stronger data.

The Euro (EUR) is trading higher for the third consecutive day against the British Pound (GBP) on Thursday, but the pair keeps ticking down from session highs at the European opening time, despite the bright German GfK Consumer Sentiment data released earlier on the day.

The Australian Dollar (AUD) is up 0.2% to near 0.7185 against the US Dollar (USD) during the European trading session on Thursday. The Aussie pair strengthens as hotter-than-projected Australian Consumer Price Index (CPI) data for July has prompted hawkish Reserve Bank of Australia (RBA) prospects.

The EUR/USD pair gains ground to near 1.1655 during the early European trading hours on Thursday. The Euro (EUR) strengthens against the Greenback on the hawkish stance of the European Central Bank (ECB). The US Initial Jobless Claims data is due on Thursday.

The Indian Rupee (INR) opens on a flat note against the US Dollar (USD) on Thursday after a holiday the previous day. Still, USD/INR is close to its 10-day low of 95.40.

The USD/JPY pair turns positive for the fourth consecutive day following an intraday dip to the 159.00 neighborhood during the Asian session on Thursday.

USD/CHF remains steady after registering 0.5% gains in the previous day, trading around 0.8050 during the Asian hours on Thursday. The currency pair remains bound to a tight range as a resilient US Dollar (USD) holds its ground, bolstered by robust economic data.

The GBP/USD pair is seen consolidating near the lower end of its weekly range, below the 1.3600 mark, during the Asian session on Thursday.

EUR/JPY gains ground after posting minor losses in the previous day, trading around 185.70 during the Asian hours on Thursday. The technical analysis of a daily chart indicates that the currency cross is remaining within the ascending channel pattern, signaling an ongoing bullish bias.

The AUD/JPY cross trades in positive territory near 114.45 during the early European trading hours on Thursday.

Silver price (XAG/USD) rises after posting losses in the previous day, trading around $69.10 per troy ounce during the Asian hours on Thursday. Investors are closely tuning into Federal Reserve (Fed) Chair Kevin Warsh’s upcoming speech at the annual Jackson Hole symposium on Friday.