Dollar Index (DXY) Elliott Wave Forecast: Bullish Sequence Calls for Extended Gains.The Dollar Index (DXY) maintains an incomplete bullish sequence from the January 27, 2026 low, supporting expectations for further upside. The projected target lies within the 100%–161.8% Fibonacci extension range, measured from that low, pointing toward 102.7–106.0.

WTI extends decline to pre-Middle East war levels around $69 as oil flows accelerate.WTI extends decline to pre-Middle East war levels around $69 as oil flows accelerate

BoJ's Tamura says central bank should raise rates near neutral as inflation risks overshooting.BoJ's Tamura says central bank should raise rates near neutral as inflation risks overshooting

Indian Rupee opens strongly as oil prices return to pre-war levels.Indian Rupee opens strongly as oil prices return to pre-war levels

Swiss Franc rebounds as markets await US PCE data and monitor Lebanon-Israel tensions.Swiss Franc rebounds as markets await US PCE data and monitor Lebanon-Israel tensions

Japan Coincident Index rose from previous 117.9 to 118.1 in April.Japan Coincident Index rose from previous 117.9 to 118.1 in April

Indonesian Rupiah receives support from foreign capital inflows.Indonesian Rupiah receives support from foreign capital inflows

Japanese Yen bears turn cautious amid intervention fears, modest USD pullback.Japanese Yen bears turn cautious amid intervention fears, modest USD pullback

Asia open: Micron earnings beat sparks global semiconductor rally, USD remains firm.Global technology stocks rebounded after Micron Technology delivered blockbuster FY Q3 earnings and record guidance, reinforcing confidence that AI infrastructure spending remains exceptionally resilient. Strong demand for HBM reignited semiconductor shares across Asia, while crude oil extended losses as the reopening of the Strait of Hormuz continued to unwind the geopolitical risk premium.

EUR/JPY Price Forecast: Trades near 184.00 after rebounding from symmetrical triangle.EUR/JPY Price Forecast: Trades near 184.00 after rebounding from symmetrical triangle

Rupee to rally on oil slide below pre-Iran war levels, bucks Asia weakness.The Indian rupee is likely to climb at the open on Thursday, aided by a continued drop in oil prices ​below pre-Iran war levels, while Asian peers were under pressure from ‌safe-haven dollar demand.

Oil Price Forecast: WTI Breaks $80 as Brent Targets $68 Support.Oil prices remain under pressure as WTI breaks below $80 and Brent targets $68 support, with fading Strait of Hormuz supply fears reducing the war premium.

investingLive Asia-Pacific FX news wrap: IRGC reject Omani-IMO Hormuz transit framework.Iran's IRGC Navy injected fresh uncertainty into the Hormuz picture in the session, rejecting the transit framework proposed under Omani and International Maritime Organization auspices and declaring the route unacceptable and a serious safety risk. The language carries an implicit threat to resume pressure on commercial shipping or impede mine clearance, though the dominant oil market dynamic remains the steady increase in vessel traffic successfully transiting the strait, which kept the crude price reaction to a modest pop.

Australia employment rebounds in May, jobless rate dips.Australian employment rebounded in May while ​the jobless rate eased from ‌four-and-a-half year highs, data showed on Thursday, a sign ​of resilience that ​could support a further lift ⁠in interest rates if ​needed.

BoJ's Tamura Lays Out Tightening Roadmap to 2%.Bank of Japan board member Naoki Tamura laid out his clearest roadmap yet for further policy normalization on Thursday, saying the central bank's baseline should be to raise interest rates by 25 basis points every few months until the policy rate reaches around 2%, which he views as a neutral level. Tamura said, “what I envisage as a baseline path is raising the policy interest rate by 0.25 percentage points at intervals of a few months toward the neutral interest rate level of 2 percent,” highlighting the BoJ's increasingly hawkish stance following last week's rate hike to 1.0%.

British Pound holds gains above 1.3150, US PCE inflation data looms.British Pound holds gains above 1.3150, US PCE inflation data looms

Australia Employment Beats Forecasts, But April Revision Tempers Strength.Australia's labor market rebounded in May, with employment rising by 40.3k, above expectations of a 30.5k increase, while the unemployment rate edged down from 4.5% to 4.4% as expected. The participation rate also ticked higher from 66.6% to 66.7%, pointing to resilience in labor supply.

Australia jobs bounce masks part-time tilt and April revision as RBA August hold holds.The April revision from minus 18,600 to minus 40,700 is the number that reframes the entire report. The two-month average across April and May now sits at essentially flat, which is a materially weaker picture than the May headline alone implies and aligns with the gradual softening narrative the RBA has been willing to tolerate without acting.

Back to the Future: RBNZ to Scale Back OCR Hikes as Energy Price Worries Recede.A great deal has changed since early May when we last reviewed our forecasts for the global and domestic economies – more than the market appears to have appreciated considering the continued pricing of a RBNZ rate hike at next month's policy review. The key issue has been the unexpectedly quick progress on reducing Persian Gulf tensions and the potential for a faster return of shipping flows in the Strait of Hormuz, with resultant improvements in trade flows of oil, petrochemical products and natural gas, as well as a range of other key products (such as fertiliser).

Dollar rides high on Fed rate-hike bets.The US dollar is experiencing a significant surge, reaching multi-month highs against major currencies like the euro and yen. This strength is fueled by expectations of a robust US economy, higher interest rates, and a hawkish Federal Reserve stance.

Canadian Dollar strengthens as US Dollar decline despite hawkish Fed outlook.Canadian Dollar strengthens as US Dollar decline despite hawkish Fed outlook

Australia Part-Time Employment increased to 35.2K in May from previous -7.9K.Australia Part-Time Employment increased to 35.2K in May from previous -7.9K

New Zealand Dollar hangs near November 2025 lows vs bullish USD as traders await US PCE.New Zealand Dollar hangs near November 2025 lows vs bullish USD as traders await US PCE

WTI holds gains near $70.00 after three days of losses.WTI holds gains near $70.00 after three days of losses

Rupee bounces from day's low on RBI support.The Indian rupee saw a slight recovery on Wednesday, closing at 94.66 against the dollar after touching an intraday low. State-run banks intervened, likely for the RBI, to curb further depreciation.

Breaking: Japanese Yen holds steady as traders are on high alert for intervention.Breaking: Japanese Yen holds steady as traders are on high alert for intervention

Euro softens to near 1.1350 as Fed hike bets rise ahead of PCE inflation data.Euro softens to near 1.1350 as Fed hike bets rise ahead of PCE inflation data

MUFG says intervention threat slowing yen slide as BOJ hike fails to shift USD/JPY trend.The market's muted response to both the BOJ hike and the Katayama-Bessent alignment language is the most telling signal in MUFG's note: verbal intervention and policy tightening are doing the job of slowing yen weakness but neither is reversing it, which leaves Tokyo increasingly reliant on the credibility of the threat rather than its execution. USD/JPY remaining below 161.95 shows the threshold is being respected, but the inability of 16 basis points of priced October hikes to generate a meaningful yen recovery suggests structural selling pressure is overwhelming the rate differential story.

EUR/JPY Price Forecast: Tumbles below 100-day SMA, eyes on 183.EUR/JPY Price Forecast: Tumbles below 100-day SMA, eyes on 183

British Pound Sterling's turnaround is dead on arrival.British Pound Sterling's turnaround is dead on arrival