157.69. USD/JPY closed below 158 on Tuesday for the first time in two weeks, and the move has the carry community asking an uncomfortable question: is the patient recovering, or is this the quiet before the next episode? The case for healing The September shock — the crash to 152.90 that wiped out months of […]
The dollar’s autumn rampage just hit its first real speed bump. After five straight weeks of gains that carried EUR/USD from 1.15 to the edge of 1.11, the greenback stalled on Monday — and the euro pounced. The pair dipped to 1.1114 in early trade, its lowest since early 2025, before buyers stormed back and […]
1.1157. That’s where EUR/USD closed on Friday — the lowest finish since early 2025 — and it opens this week in genuinely uncharted territory for anyone who started trading after 2022. The pair has now fallen roughly 4.9% from its mid-May high of 1.1743, and the decline is accelerating, not slowing. How we got here […]
Quick Friday wrap before the weekend. The dollar’s October has been relentless. EUR/USD is trading near 1.116, down from 1.1255 at the start of the month, and closed the week at 1.1157 — the lowest weekly close of 2026. GBP/USD tested 1.3186 before recovering slightly to 1.3211, still pinned against the 1.32 line we’ve been […]
USD/JPY is trading at 158.57, up gently for the week, and the surface is calm. Underneath, I’m not so sure. The calm before patterns After two violent episodes in three months — July’s crash from 164 and September’s plunge to 152.90 — the pair has spent two weeks in a tight 157.6–158.8 range. Implied volatility […]