After five weeks of almost uninterrupted strength, the dollar rally is showing its first honest signs of fatigue. EUR/USD has based around 1.1386 after touching 1.1325 last week, refusing to make new lows despite repeated tests. USD/JPY has stalled at 161.8, unable to extend beyond the mid-June highs. GBP/USD found buyers at 1.3143 and has […]
USD/JPY closed Tuesday at 161.79 — the highest finish of 2026 — and the distance between what Japan wants and what Japan can do has never looked wider. The problem in one paragraph Japan’s economy needs a weaker yen to keep exports competitive and inflation positive. But at 161, the currency’s decline is feeding import […]
The pound finally broke. GBP/USD plunged to 1.3143 on Monday — its lowest level since March — before stabilizing around 1.3200. From its mid-June levels near 1.3440, sterling has shed 300 pips in five sessions, and the speed of the move suggests forced liquidation rather than thoughtful repricing. What killed the sterling trade Three things, […]
The euro’s slide is no longer a drift. It’s a trend. EUR/USD ended the week near 1.1459, down from 1.1635 at the start of June — a decline of roughly 1.8% in two and a half weeks, with the pair slicing through 1.15 like it wasn’t even there. On Wednesday alone, the pair fell from […]
The euro’s spring decline has crossed a psychological threshold. EUR/USD traded down to 1.146 on Wednesday, its lowest level in over a year, completing a 300-pip slide from the mid-May highs. The June breakdown through 1.15 has been swift, orderly, and — most telling of all — largely ignored by the financial press, which remains […]