OCBC strategist Christopher Wong notes USD/JPY has rebounded as higher UST yields, a firmer USD and rising Oil offset support from Bank of Japan (BoJ) tightening expectations. He warns against extrapolating gains ahead of Friday’s BoJ meeting, with markets almost fully pricing another hike.

The Swiss Franc (CHF) consolidates losses against the US Dollar (USD) on Tuesday, with the USD/CHF trading just below one-and-a-half-month highs at the 0.8200 level.

Quek Ser Leang at UOB notes AUD/USD fell more sharply than anticipated to 0.7109, leaving short-term conditions oversold and favouring consolidation between 0.7110 and 0.7155 intraday.

The British Pound (GBP) reflects a mixed performance against its currency peers after the release of the United Kingdom (UK) labor market data for three months ending July.

The Euro (EUR) remains on the defensive against the US Dollar (USD) as investors brace for the first interest rate hike by the US Federal Reserve (Fed) after three years.

UOB’s Quek Ser Leang highlights renewed EUR/USD weakness after a sharper-than-expected drop below 1.1565 to 1.1522. He sees scope for a further test of 1.1520 intraday, with 1.1490 as the next key support over the coming weeks.

The Canadian Dollar (CAD) hovers near monthly lows against the US Dollar (USD) on Tuesday, as rising expectations that the Federal Reserve (Fed) will tighten its monetary policy on Wednesday underpin speculative demand for the Greenback.

The New Zealand Dollar (NZD) recovers half of its early losses against the US Dollar (USD), but is still 0.17% down at around 0.5770 during the European trading session on Tuesday.

The AUD/USD pair sticks to a negative bias for the second consecutive day and trades around the 0.7120 region during the early part of the European session on Tuesday.

The Japanese Yen (JPY) is showing a moderately softer tone against the US Dollar (USD) this week, with all eyes on the monetary policy decisions bu¡y the US Federal Reserve (Fed) and the Bank of Japan (BoJ), due later this week.

ING’s Francesco Pesole says EUR/USD is trading close to its short-term fair value, while expectations for improving German ZEW data and the lingering impact of last week’s hawkish ECB hike offer some support to the Euro.

The Euro (EUR) posts minor gains on Tuesday as the British Pound (GBP) falls after mixed UK employment data.

Standard Chartered’s Chong Hoon Park and Nicholas Chia expect the Bank of Japan (BoJ) to deliver a 25bps rate hike in September but maintain a gradual normalisation path.

The British Pound (GBP) extends losses against the US Dollar (USD) on Tuesday, with the GBP/USD pair hovering a few pips above five-week lows near 1.3465 at the London session opening times.

The Euro (EUR) is down 0.12% at around 1.1535 against the US Dollar (USD) in the early European trading session on Tuesday.

MUFG’s Michael Wan assesses Reserve Bank of India's (RBI) June 2026 FX measures and their impact on the Indian Rupee and USD/INR. He notes a large build-up of FX reserves and liquidity, and argues these measures have reduced tail risks of sharp INR depreciation.

The British Pound (GBP) faces slight selling pressure against the Japanese Yen (JPY), dropping to near 208.60 on Tuesday after the release of the United Kingdom (UK) labor market data for three months ending July.

USD/CAD continues its winning streak for the fifth consecutive day, trading around 1.3910 during Asian hours on Tuesday.

The Indian Rupee (INR) extends its previous week’s downfall against the US Dollar (USD) on Tuesday, with the USD/INR rising to near 95.85 in the opening session.

The AUD/JPY cross trades on a flat note around 110.20 during the early European trading hours on Tuesday. Markets might turn cautious ahead of the Bank of Japan (BoJ) interest rate decision later on Friday. 

The USD/JPY pair sticks to a positive bias for the second straight day and trades above mid-154.00s during the Asian session on Tuesday amid a broadly firmer US Dollar (USD). Spot prices, however, lack bullish conviction as traders seem hesitant ahead of this week's key central bank events.

EUR/JPY gains ground for the second consecutive day, trading around 178.70 during Asian hours on Tuesday. Technical analysis of the daily chart indicates the currency cross remains within the descending channel pattern, signalling an ongoing bearish bias.

The Swiss Franc (CHF) is down against the US Dollar (USD) on Tuesday, with the USD/CHF pair trading slightly higher at around 0.8178 in the Asian session.

NZD/USD extends its losses for the second successive day, trading around 0.5760 during Asian hours on Tuesday. The pair remains as the New Zealand Dollar (NZD) holds losses following the release of key economic data from China, New Zealand’s close trading partner.

The AUD/USD pair struggles to capitalize on the previous day's modest bounce from the 0.7100 neighborhood, or an over three-week low, and trades with a negative bias for the second straight day on Tuesday.

The GBP/USD pair loses momentum to around 1.3490 during Asian trading hours on Tuesday. Expectations of a US Federal Reserve (Fed) interest rate hike on Wednesday provide some support to the US Dollar (USD) against the British Pound (GBP). The UK jobs report is due on Tuesday.

Silver price (XAG/USD) falls for the second successive day, trading around $63.20 per troy ounce during Asian hours on Tuesday. Silver could face further depreciation as elevated oil prices heighten expectations for a US Federal Reserve interest rate hike.

The EUR/USD pair attracts some sellers for the fourth straight day and trades below mid-1.1500s during the Asian session on Tuesday, just above a one-month low touched the previous day.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 6.7670 compared to the previous day's fix of 6.7698 and 6.7051euters estimate.

The USD/CAD pair holds steady near the 1.3900 mark during the Asian session on Tuesday, stalling the previous day's modest pullback from a nearly two-week top.