EUR/USD and USD/JPY
Recent forex market action shows the US dollar experiencing continued weakness, with many Asian currencies rising slightly as the dollar faced weekly losses. This dynamic reflects broader shifts in global investor sentiment and reactions to macroeconomic data. Traders are closely watching how this trend affects key pairs like EUR/USD and USD/JPY as they adjust positions in response to changing conditions.
Market analysts highlight a busy calendar ahead, with central bank policy decisions from the Federal Reserve, Bank of Canada, and others expected to influence currency markets. Coupled with major economic releases such as inflation and growth figures, these events are seen as key catalysts for increased volatility in forex trading. Traders are preparing for potential shifts in rate expectations and their impact on exchange rates.