The yen’s comeback is no longer a one-week wonder. USD/JPY has fallen from 159.77 at the end of August to below 157 this week, touching 154.06 in Tuesday’s session. That’s a 570-pip drop in three days, and it makes August–September the first sustained yen rally since early 2024. The carry trade, rebuilt so carefully after […]
Every September, the same thing happens: summer liquidity evaporates, real volume returns, and the FX market remembers how to move. Traders who ignore this seasonal rhythm get run over by it, year after year. The statistical case Historically, September is the most volatile month of the year for G10 FX. The average monthly range in […]
The monthly close is in, and the scorecard is unambiguous: August belonged to the dollar bears. EUR/USD ends August at 1.1589, up from 1.1544 in July and a massive 2.6% above the June close of 1.1300. GBP/USD closes at 1.3540, its second-highest monthly finish of the year. USD/JPY at 160.12 is the only major where […]
Nothing rallies in a straight line, and the euro’s August surge is taking a well-earned breather. EUR/USD has pulled back from last week’s high of 1.1712 to close at 1.1589, a drop of over a cent in five sessions. GBP/USD retreated from 1.3638 to 1.3540, and USD/JPY actually rose for the first week since the […]
Somewhat lost in all the yen drama, the British pound has been quietly having an excellent summer. GBP/USD touched 1.3675 on Wednesday, its highest level of 2026, before settling back around 1.3550. From the late-June low of 1.3143, that’s a rally of more than 4% in under two months. For a major currency pair, that’s […]