USD/JPY Price Forecast: Momentum cools as price slips below short-term average.USD/JPY Price Forecast: Momentum cools as price slips below short-term average

US Dollar Index slides as Iran ceasefire talk unwinds the March rally.US Dollar Index slides as Iran ceasefire talk unwinds the March rally

U.S. Dollar Retreats As Traders Focus On U.S. – Iran Talks: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY.U.S. and Iran have traded demands to end the war in the Middle East.

French Navy chief speaking regarding the Strait of Hormuz.The Marine Nationale fields a well-rounded modern fleet centered on the nuclear-powered aircraft carrier Charles de Gaulle, the only one of its kind outside the US, carrying Rafale M fighters and E-2C Hawkeye aircraft. Its surface fleet includes FREMM multi-mission frigates, La Fayette-class stealth frigates, and Mistral-class amphibious assault ships.

FX Today: Trump and the US labour market come to the fore.FX Today: Trump and the US labour market come to the fore

RBI doubles down on curbing rupee speculation after initial steps fall short.The Reserve Bank of India has intensified its crackdown on rupee speculation, targeting corporate arbitrage after earlier measures on banks failed. New rules bar rebooking of forward contracts and FX derivatives with related parties.

Japanese Yen Short-term Outlook: USD/JPY Tests Trend Support—Breakdown Risk Builds.USD/JPY is turning lower after failing to sustain gains near a major resistance zone into the close of March, with the pair now marking a third consecutive daily decline. The pullback follows a strong advance off mid-month lows but comes amid growing signs of momentum divergence at recent highs.

Eurozone: Gradual inflation rise seen through mid-year – ABN AMRO.Eurozone: Gradual inflation rise seen through mid-year – ABN AMRO

J.P. Morgan sees only one BoE rate hike in 2026 after Bailey's Reuters interview.J.P. Morgan on Wednesday said it now ​expected only one ‌Bank of England interest rate hike this year after Governor ​Andrew Bailey told ​Reuters that financial markets ⁠had been too aggressive ​in pricing in higher ​borrowing costs.

Norges Bank: Market repricing and inflation risks – Rabobank.Norges Bank: Market repricing and inflation risks – Rabobank

India's RBI bars banks from offering clients rupee non-deliverable forwards amid currency strain.The Reserve Bank of India on Wednesday barred authorized dealers from offering rupee non-deliverable forwards to resident and ​non-resident clients, further tightening foreign exchange rules as the ‌South Asian currency faces persistent pressure.

UK: Rising fuel costs threaten consumer confidence – Deutsche Bank.UK: Rising fuel costs threaten consumer confidence – Deutsche Bank

RBI bars banks from offering rupee non-deliverable derivatives to residents, non-residents.​The Reserve ​Bank of ‌India ⁠on Wednesday ⁠directed authorised ​dealers ​to stop ​offering non-deliverable ⁠derivative ‌contracts ​involving ​the Indian ⁠rupee to both ​resident and ​non-resident ‌entities, which ​would ​include local ⁠companies.

Natural Gas Price Analysis – Natural Gas Continues to Look to Floor.Natural gas continues to bounce on the bottom on Wednesday, as we continue to also price in the idea that the season is upon us due to a lack of demand.

Crude Oil Price Analysis – Oil Continues to Move on Latest Headlines from Iran.Crude oil continues to see a little bit of a pullback as the war seems to be at a turning point potentially.

Oil: Price shock impact on US growth – Commerzbank.Oil: Price shock impact on US growth – Commerzbank

GBP/USD, EUR/CHF and USD/JPY Forecasts – Risk Continues to be Fluid.Risk appetite is trying to improve on Wednesday, as traders are watching the Middle East for clues about peace.

ISM Manufacturing Beats Expectations, Price Index Jumps to 2022 High.US ISM Manufacturing PMI edged up from 52.4 to 52.7 in March, beating expectations of 52.3 and signaling continued expansion in factory activity. The data suggests the sector remains resilient, with the headline reading consistent with an annualized GDP growth pace of around 1.8%.

ECB: Pre-emptive hikes flagged on inflation risks – ABN AMRO.ECB: Pre-emptive hikes flagged on inflation risks – ABN AMRO

United States Business Inventories came in at -0.1%, below expectations (0.1%) in January.United States Business Inventories came in at -0.1%, below expectations (0.1%) in January

Oil in No Hurry to Reverse Course.The oil market was swept up in euphoria following Donald Trump's comments that the conflict in the Middle East would end within 2–3 weeks. After a record 63% rally in March, Brent took a step back.

Canada S&P Global Manufacturing PMI declined to 50 in March from previous 51.Canada S&P Global Manufacturing PMI declined to 50 in March from previous 51

U.S. Retail Sales Rebound in February .Retail sales bounced back by 0.6% month over month (m/m) in February, marking the first increase since November 2025. The headline figure landed just above expectations, with the consensus forecast calling for a 0.5% m/m gain.

Dollar Selloff Accelerates on Iran Endgame Hopes; Will Trump's Address Break the Risk-On Rally?.Global markets are extending a powerful risk-on rally as expectations build that the Iran war may be nearing its end. European equities are posting strong gains, US futures point higher, and Dollar is sharply weaker across the board.

US President Trump: Going to be out of Iran pretty quickly.US President Trump: Going to be out of Iran pretty quickly

JPY: Energy shock impact seen more contained – MUFG.JPY: Energy shock impact seen more contained – MUFG

Brazil S&P Global Manufacturing PMI climbed from previous 47.3 to 49 in March.Brazil S&P Global Manufacturing PMI climbed from previous 47.3 to 49 in March

US President Trump: Iran's New Regime President asked for a ceasefire.US President Trump: Iran's New Regime President asked for a ceasefire

Oil: War risk keeps prices elevated – Rabobank.Oil: War risk keeps prices elevated – Rabobank

US: Limited fallout from oil shock – Commerzbank.US: Limited fallout from oil shock – Commerzbank