USD/JPY forecast: Not-so-hawkish Ueda and surging oil point to bullish breakout.The USD/JPY was coming off its earlier lows at the time of writing, as crude oil prices climbed further higher after the Brent contract broke the $110 barrier. The USD/JPY, which has been confined to a relatively narrow range through much of April, could now stage a breakout.

Forex Ignores Central Bank Hawks, Favouring Oil Exporters.The US dollar strengthened amid rising oil prices and doubts that the ‘hawkish' rhetoric from the Fed's rivals would lead to widespread monetary policy tightening. The ECB and other regulators are expected to keep rates on hold at the end of April, while signalling potential hikes soon.

Rupee falls to near one-month low as oil strain, importer hedging pile pressure.The Indian rupee weakened to a near one-month low ​on Tuesday, pressed by a ​stubborn rise in oil prices and sustained hedging by local ​importers against further weakness, underscoring anxiety over the currency's outlook as it nears the 95 per dollar mark.

India Industrial Output below expectations (4.2%) in March: Actual (4.1%).India Industrial Output below expectations (4.2%) in March: Actual (4.1%)

India Manufacturing Output fell from previous 6% to 4.3% in March.India Manufacturing Output fell from previous 6% to 4.3% in March

USD/JPY: Oil prices defends against hawks – Societe Generale.USD/JPY: Oil prices defends against hawks – Societe Generale

Russian central bank wants mandatory yuan reserves for lenders.Russia's central bank wants commercial banks to hold mandatory reserves of yuan to prevent shortages of the Chinese currency in ​the foreign exchange market and rein in excessive lending, Governor ‌Elvira Nabiullina said on Tuesday.

Foreign Exchange Rates: Markets Brace for Week Full of Central Bank Meetings.There will be BoJ, FOMC, ECB and BoE meetings this week. No cuts or hikes are expected as banks weigh up the impact of higher oil prices.

Brent: Higher forecasts with disruption risks – ING.Brent: Higher forecasts with disruption risks – ING

Yen Gains Support Following Bank of Japan Decision.The Bank of Japan left its interest rate unchanged at 0.75% per annum, as widely expected. At the same time, it raised its inflation forecast for 2026 to 2.8%, up from 1.9% previously, while downgrading its GDP growth outlook to 0.5% from 1.0%.

Italy Producer Price Index (MoM): 4.4% (March) vs -0.4%.Italy Producer Price Index (MoM): 4.4% (March) vs -0.4%

Italy Producer Price Index (YoY) climbed from previous -2.7% to 4.2% in March.Italy Producer Price Index (YoY) climbed from previous -2.7% to 4.2% in March

Intraday Analysis 28.04.2026.Intraday forex analysis covering EURUSD , GBPJPY analysis , and USOIL  with a focus on key market movements, support and resistance levels, and short-term price action trends across major currency pairs. EURUSD breaking resistance The euro continues to maintain its grip on the dollar, after adding over 100 pips in recent sessions.

Pound Sterling trades lower as focus shifts to Fed-BoE policy.Pound Sterling trades lower as focus shifts to Fed-BoE policy

Euro area inflation expectations for the year ahead jump to highest since October 2023.The fallout from the Middle East conflict is certainly taking a toll on households and the survey results definitely show it. As mentioned before, the prices we see on our screens reflect those of futures contracts.

Euro zone banks tighten access to credit as Iran war bites: ECB survey.Euro zone banks tightened access to credit in the three months to March and expect to continue doing ​so this quarter as the war in Iran ‌pushes up energy prices and funding costs, a European Central Bank survey showed on Tuesday.

Italy Industrial Sales n.s.a. (YoY) up to 0.5% in February from previous -1%.Italy Industrial Sales n.s.a. (YoY) up to 0.5% in February from previous -1%

Italy Industrial Sales s.a. (MoM) up to 0.6% in February from previous -0.3%.Italy Industrial Sales s.a. (MoM) up to 0.6% in February from previous -0.3%

Austria UniCredit Bank Manufacturing PMI fell from previous 52.4 to 51.2 in April.Austria UniCredit Bank Manufacturing PMI fell from previous 52.4 to 51.2 in April

Commodity Currencies Test Key Levels Ahead of Major Macro Data.Commodity-linked currencies are trading near key levels, showing restrained price action as market participants adopt a wait-and-see approach. The fundamental backdrop is shaped by expectations surrounding the release of Australia's inflation data and the Bank of Canada's interest rate decision, followed by a press conference.

First Light News: Narrow Advance, Hawkish BoJ, and a Week that Matters.Equity bulls are learning to live with elevated oil prices, coaxing modest gains from a market that remains broadly constructive.

Asian FX: Oil risk threatens recovery momentum – OCBC.Asian FX: Oil risk threatens recovery momentum – OCBC

EUR/JPY Price Forecast: Moves below 186.50, nine-day confluence.EUR/JPY Price Forecast: Moves below 186.50, nine-day confluence

Natural Gas and Oil Forecast: WTI Stalls at $98 While Brent Awaits Triangle Breakout.Market Overview Geopolitical tensions are running high with US-Iran peace talks stuck in neutral – which basically means the Strait of Hormuz remains largely shut down. This is a big deal since it handles roughly 20% of the worlds oil supply, and the consequences are being felt.

Japanese Yen pares hawkish BoJ-inspired gains; USD/JPY rebounds from sub-159.00 levels.Japanese Yen pares hawkish BoJ-inspired gains; USD/JPY rebounds from sub-159.00 levels

Hawkish Hold Sets the Stage for BoJ Action in June.This week is packed with multiple high profile market topics including policy meetings of the major central banks, earnings from multiple tech majors and a several key data series including, especially in current context, keenly waited EMU inflation data and a Q1 US growth estimate amongst others. However, these days any prepositioning to these ‘top events' remains highly conditional and is even some kind of paralyzed by the developments regarding the US-Iran conflict.

BoJ Holds Policy Rate Steady at 0.75%, But With a Hawkish Vote Split.As widely expected, the Bank of Japan is on hold this morning keeping the overnight call rate at 0.75%. The decision was taken with a 6-3 vote, a closer call than both at the March and January meetings when only Takata Hajime voted for a hike, supporting our expectation for a June hike.

BoJ Hawkish Shift Supports Yen, but Low Terminal Rate Keeps Downtrend Intact.Yen strengthened broadly after the Bank of Japan's hawkish hold, but gains are likely to be short-lived as markets question how far tightening can go. While the shift reinforces expectations for a near-term rate hike, Japan's low terminal rate continues to cap upside and keep the broader downtrend intact.

Sweden Trade Balance (MoM) rose from previous 1.8B to 9.3B in March.Sweden Trade Balance (MoM) rose from previous 1.8B to 9.3B in March

China's top leadership body vows to continue to expand domestic demand.The readout reaffirms their existing policy path but there is a subtle leaning towards favouring stabilisation and security. If anything, that suggests a more consolidative tone in being more guarded against the narrative of a global growth slowdown.