Why GBP/JPY Is Soaring to 18-Year Highs in Early 2026 and What to Expect.GBP/JPY has just risen to the highest level since the 2008 financial meltdown era and the Japanese political arena adds fuel.

India Bank Loan Growth unchanged at 14.5% in January 5.India Bank Loan Growth unchanged at 14.5% in January 5

India FX Reserves, USD rose from previous $687.19B to $701.36B in January 12.India FX Reserves, USD rose from previous $687.19B to $701.36B in January 12

 USD/JPY holds losses near 158.00 amid growing intervention rumours . USD/JPY holds losses near 158.00 amid growing intervention rumours 

Global equity funds see record outflows as U.S., China withdrawals surge, TD Securities says.Global equity funds recorded their largest outflows on record, as heavy withdrawals from the U.S. and China outweighed a relatively strong showing in other regions, TD Securities strategists said in a Friday note analysing EPFR data.

JPY/VND Slides as Yen Intervention Fears Resurface After BOJ Holds Rates.JPY/VND traded near 165.20 on Friday, January 23, 2026, extending its gradual decline as renewed volatility in the Japanese yen overshadowed relatively stable conditions in Vietnam's currency market. The move comes after sharp intraday swings in USD/JPY triggered fresh intervention speculation, keeping yen crosses under pressure even as regional Asian currencies remain broadly steady.

Japan's finance minister watching FX closely, no comment on rate checks.Japanese Finance Minister Satsuki Katayama said on Friday she was watching currency markets closely, but declined to comment on speculation among traders that authorities had checked currency rates with banks - a prelude to potential intervention.

Bank of England's Greene says she is still worried about inflation pressures.Bank of England interest rate-setter Megan Greene said on Friday she remained worried about signs of the pace of wage growth ahead and inflation expectations while a slowdown in the labour market appeared to be gradual.

JPY: BoJ upgrades outlook but Yen reaction muted – ING.JPY: BoJ upgrades outlook but Yen reaction muted – ING

USD/JPY Continues Its Uptrend as Yen Weakens Further.USD/JPY rose to 158.61 on Friday, continuing its upward movement as the yen remains under pressure. Investors are adopting a wait-and-see approach ahead of the Bank of Japan's (BOJ) monetary policy decision.

Chart Alert: USD/JPY Plunging Below 158 on Suspected Inntervention, Watch 157.50 Support.Suspected FX intervention jolts USD/JPY: After briefly spiking above 159 following BoJ comments, USD/JPY plunged nearly 200 pips within minutes to ~157.30 with no data catalyst, strongly suggesting intervention or rate-checking by Japanese authorities.

Natural Gas Prices Surge as Cold Weather Approaches.According to AccuWeather, a powerful Arctic cold front is expected to sweep across the United States, reaching as far south as the southern states and bringing lower temperatures to more than 150 million people across 24 states.

UK PMI composite jumps to 21-month high, growth kicks up a gear but price pressures stir.UK business activity accelerated sharply in January, with PMI surveys pointing to the strongest momentum in nearly two years. Manufacturing PMI rose from 50.6 to 51.6, a 17-month high, while Services PMI jumped from 51.4 to 54.3, lifting Composite PMI from 51.4 to 53.9, its highest level in 21 months.

AUD/JPY Hits 2024 Highs: How Aussie-Yen Rally is Set to Dominate Carry Trade in 2026.AUD/JPY has just risen to its highest since mid-2024. We explore what awaits in the aftermath of BoJ's latest interest rate decision.

USD/JPY hits channel resistance near 159.45 – Société Générale.USD/JPY hits channel resistance near 159.45 – Société Générale

EUR: Europe's strategic autonomy may support the Euro – ING.EUR: Europe's strategic autonomy may support the Euro – ING

Eurozone PMI composite stalls at 51.5, ECB likely to stay put.Eurozone business activity showed little momentum at the start of 2026, with January PMI data pointing to a fragile and uneven recovery. Manufacturing PMI improved modestly from 48.8 to 49.4, but remained in contraction.

GBP/JPY retreats below 213.50 amid rumours of a Yen intervention.GBP/JPY retreats below 213.50 amid rumours of a Yen intervention

India rupee plummets to fresh record low, strong dollar demand weighs.The Indian rupee plunged to a fresh all-time low on Friday, as dollar demand from corporates and importers outweighed early moves and compounded existing pressure on the currency.

Germany HCOB Manufacturing PMI above expectations (48) in January: Actual (48.7).Germany HCOB Manufacturing PMI above expectations (48) in January: Actual (48.7)

Natural Gas and Oil Forecast: WTI at $60 and Gas at $4.80 Signal Breakout Setup – Move Incoming?.Oil and gas prices stabilize as geopolitical tensions shape supply risks, with WTI near $60 and natural gas consolidating after a sharp breakout above $4.80.

Yen Snaps Back on Intervention Signs, Japan Draws Line Near 160.Yen staged a sharp rebound in early European session on suspected intervention, interrupting a renewed bout of selling that followed the Bank of Japan policy decision. The bounce came after markets judged the BoJ's message insufficiently hawkish to arrest currency weakness.

EUR/JPY retreats below 186.00 as BoJ's Ueda speaks.EUR/JPY retreats below 186.00 as BoJ's Ueda speaks

Japanese Money Market Currently Fully Discount a Next BoJ Hike to 1% by June.Yesterday's risk rebound lifted key US and European stock indices by 0.5% to 1.25%. Changes on US and German bond markets were minimal, but the dollar faced a tough time.

BoJ holds rates, upgrades growth outlook, hawkish dissent keeps hike risk alive.The BoJ left its benchmark interest rate unchanged at 0.75%, in line with expectations, but the decision revealed persistent internal debate. Hawkish board member Hajime Takata proposed a hike toward 1%, citing upside risks to inflation, though the motion was voted down by the majority.

France Business Climate in Manufacturing came in at 105, above expectations (101) in January.France Business Climate in Manufacturing came in at 105, above expectations (101) in January

Japan's CPI core falls to 2.4% with sharp energy drag, limited core-core cooling.Japan's December CPI report showed sharp moderation in headline inflation, largely reflecting energy relief rather than broad-based disinflation. Headline CPI slowed to 2.1% yoy from 2.9%, the weakest pace since early 2022.

Japan PMI composite jumps to 52.8, manufacturing returns to growth.Japan's January PMI readings delivered an upbeat signal, indicating a broadening recovery across the private sector, with PMI data pointing to the strongest expansion in 17 months. Manufacturing PMI rose from 50.0 to 51.1, returning to expansion.

Australia PMI composite surges to 55.0, manufacturing and services in solid expansion.Australia's business activity accelerated sharply in January, pointing to a strong start to 2026. PMI Manufacturing rose from 51.6 to 52.4, while PMI Services surged from 51.1 to 56.0.

NZ CPI pushes above target as RBNZ Breman's tone shifts.New Zealand inflation accelerated again. Headline CPI rose 3.1% yoy, up from 3.0% and above expectations of 3.0%, pushing inflation back above the RBNZ's 1–3% target band.