USD/JPY has jumped above 141.00 confidently as the BoJ has continued its expansionary policy. BoJ Ueda stated that Japan's headline CPI around 3.5% is due to external, cost-push factors, and cannot be controlled by Japan's monetary policy. USD/JPY is approaching 61.8% Fibonacci retracement plotted at 142.63. (FXStreet)

USD/CAD is seen consolidating its recent losses to the lowest level since September 2022. A modest USD recovery from a multi-week low is seen acting as a tailwind for the major. The uncertain Fed policy outlook might cap any further upside for the buck and the pair. (FXStreet)

EUR/GBP struggles to register any meaningful recovery from the YTD low touched earlier this week. Bets for more rate hikes by the BoE underpin the British Pound and act as a headwind for the cross. The ECB’s hawkish outlook lends support to the Euro and helps limit the downside, at least for now. (FXStreet)

GBP/JPY rises for the fourth consecutive day to refresh multi-month high after BoJ Governor Ueda’s speech. BoJ’s Ueda defends easy-money policy by citing hopes of easing inflation. RSI conditions, multiple upside hurdles around mid-180.00s prod buyers. Bears have a long and bumpy road to take entry into the bar. (FXStreet)

GBP/USD is making efforts for shifting the auction above 1.2800 as the risk-appetite theme is in action. The Pound Sterling is in the limelight as the BoE is expected to raise interest rates further. GBP/USD has printed a fresh annual high of around 1.2790 after climbing above the horizontal resistance plotted at 1.2667. (FXStreet)

AUD/USD has shown exhaustion in the north-side momentum after reaching to near 0.6900. The risk-taking ability of the market participants is cooling down as the Fed has confirmed two more interest rate hikes this year. The minutes from RBA will provide a detailed explanation behind the interest rate hike of 25 bps. (FXStreet)

USD/MXN has displayed a recovery move from 17.10 following positive cues from the USD Index. S&P500 futures have increased losses as investors are hoping that recession fears in the US have not receded. The US economy is operating in a better position beyond full-employment levels and will keep households demand at elevated levels. (FXStreet)

NZD/USD continues scaling higher on Friday and climbs to a nearly four-week high. The USD remains depressed amid dovish Fed expectations and lends some support. A positive risk tone further undermines the buck and benefits the risk-sensitive Kiwi. (FXStreet)

USD/TRY trades in choppy weekly range after refreshing all-time high. Markets expect CBRT rate hike next week as newly appointed policymakers seem having permission from Turkish President Erdogan. Fed’s hawkish pause gains little acceptance amid mixed US data, Chairman Powell’s Testimony eyed. Mid-tier US data, risk catalysts can entertain Turkish Lira traders amid a likely dull Friday. (FXStreet)

WTI prices extended the weekly bounce and reclaimed the area above the key $70.00 mark per barrel on Thursday. The move, however, was on the back of shrinking open interest and volume, removing strength for the continuation of the rebound in the very near term. So far, bullish attempts appear limited around the monthly highs near the $75.00 level. (FXStreet)

Prices of natural gas rose markedly on Thursday and clinched multi-day highs near the $2.60 zone. The pronounced uptick, however, was amidst shrinking open interest and volume and could prompt some corrective move in the very near term. In the meantime, the May high near $2.70 per MMBtu (May 19) emerges as the immediate target for bulls. (FXStreet)

Gold price gains positive traction for the second straight day, though lacks bullish conviction. An intraday pickup in the US bond yields revives the USD demand and could act as a headwind. Hawkish outlook by major central banks further contribute to capping gains for the XAU/USD. (FXStreet)

Silver price is hoping to shift its auction above $24.00 amid a sell-off in the USD Index. Further ease in US labor market conditions indicates that the Fed could continue skipping rate hikes in July too. The anatomy of the Retail Sales report showed that demand for automobiles and building materials was extremely solid. (FXStreet)

Source: FXStreet

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