The carry trade is feeding on itself. USD/JPY closed Monday at 161.43, its highest level of 2026, after touching 161.91 intraday. The pair has now gained roughly 500 pips since the start of June, and the character of the move has changed. April’s rally was cautious and headline-driven. This one is mechanical — systematic funds […]
It’s been one of those weeks where the most honest market commentary is a shrug. EUR/USD drifted from 1.1528 to close at 1.1576 — a modest recovery, but within the context of a downtrend it changes nothing. USD/JPY eased from 160.18 to 159.96, pausing after its four-week charge. GBP/USD ground out a 120-pip recovery to […]
EUR/USD opened the week at 1.1528 and has crawled back to 1.1536, holding the 1.15 handle after last week’s slide. The question every euro-watcher is asking: is this a genuine bottom, or just the pause before the next leg down? The bull case 1.1515 is now a tested level — the pair bounced there in […]
The first week of June delivered a clear message: the dollar is back in charge. EUR/USD closed the week at 1.1523, down 100 pips, after spending five sessions pinned below 1.16. USD/JPY held its break above 160, finishing at 160.33. Even sterling, the market’s darling, slipped to 1.3336. When all three majors point the same […]
160.33. That’s where USD/JPY finished Monday — the first daily close above 160 since the late-April spike, and a line in the sand that matters both technically and politically. The pair has now rallied for four straight weeks, from 156.85 in early May to Monday’s high of 160.39. Steady, persistent, almost boring — which is […]