NY Fed carried out dollar/yen rate checks, source says.The New York Federal Reserve conducted rate ​checks on the dollar/yen pair around midday on ‌Friday, a source familiar with the matter told Reuters.

Natural Gas Price Forecast: Rally Tests Major Resistance.Natural gas is testing key resistance near the 200-day average as momentum improves, with price action suggesting either consolidation or a breakout toward higher levels.

United States CFTC Oil NC Net Positions up to 78.8K from previous 58.1K.United States CFTC Oil NC Net Positions up to 78.8K from previous 58.1K

Japan CFTC JPY NC Net Positions increased to ¥-44.8K from previous ¥-45.2K.Japan CFTC JPY NC Net Positions increased to ¥-44.8K from previous ¥-45.2K

United States CFTC Oil NC Net Positions down to -44.8K from previous 58.1K.United States CFTC Oil NC Net Positions down to -44.8K from previous 58.1K

Forecasting the upcoming week: US Dollar slides to 5-week low ahead of Fed's decision.Forecasting the upcoming week: US Dollar slides to 5-week low ahead of Fed's decision

Dollar at Its Weakest in Months.The US dollar is posting its weakest week since May, losing ground against most major currencies. Dollar Index (DXY) fell by more than 0.5% on Friday and is down 1.6% for the week, marking its worst performance in over eight months.

Weekly Economic & Financial Commentary: Economic Growth Sturdy Ahead of the January FOMC.Davos delivered news of cooling trade tensions thanks to a deal for the U.S. to gain greater access to Greenland. Meanwhile, solid consumer spending during October and November despite slower income growth suggests economic growth remains on a positive trajectory.

USD/JPY slumps to multi-week lows after suspected MoF 'rate check'.USD/JPY slumps to multi-week lows after suspected MoF 'rate check'

USD Breaks Down as USD/JPY Snaps Back: EUR/USD, GBP/USD.With just a few hours to go until the close the US Dollar is down by more than 1.6% on the week, which would mark the largest weekly sell-off for the currency since May, just before the swing-low was set on the first day of Q3.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies As Trump Puts More Pressure On Iran.U.S. President said that an “armada” was heading to Middle East.

United States Baker Hughes US Oil Rig Count meets expectations (411).United States Baker Hughes US Oil Rig Count meets expectations (411)

China tech seen as dollar hedge, with focus on earnings, Fed.Lower valuations, government support and loose fiscal policy set against a cyclical backdrop in China is encouraging investors to rotate into ​technology and diversify away from the U.S., UBS fund managers told Reuters this ‌week in Davos, Switzerland.

U.S. Dollar Retreats As Services PMI Misses Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY.The American currency remains under pressure amid lack of positive catalysts.

Pound Sterling Price News and Forecast: Jumps above 1.3540 as UK Retail Sales, PMIs surprise higher.Pound Sterling Price News and Forecast: Jumps above 1.3540 as UK Retail Sales, PMIs surprise higher

Mixed Performance by the Pound After Weaker Job Data.Although the British job report was mostly negative, inflation rose more than expected to 3.4%

Fed Preview: Temporary Pause on Rate Cuts.Despite the recent geopolitical volatility, the Fed's January decision looks like a fairly clear-cut case. Powell communicated well in advance that unless warranted by significant macro surprises (which we have not seen), the Fed would be taking a pause in its rate cutting cycle in January – and we have no reason to doubt that.

FOMC Preview: On Hold Until When?.The FOMC is widely expected to leave the fed funds rate unchanged at its January meeting. There will be no update to the SEP at this meeting, and we expect the post-meeting statement and press conference to signal maximum flexibility as the Committee strives to keep its options open.

Natural Weekly Price Analysis – Natural Gas Rockets Higher as Cold Snap Comes.The natural gas market has shot straight up in the air all week as a cold snap has been hitting the US.

Dual Central Bank Announcements the Focus in Crowded Week.Canada's economic calendar starts kicks off next week with the Bank of Canada's first meeting of 2026 on Wednesday, where no change to the overnight rate is expected.

US PMI composite ticks up to 51.9, worryingly subdued new business growth.U.S. business activity remained in expansion territory in January, but signs of cooling momentum emerged. PMI Manufacturing edged up from 51.8 to 51.9, while PMI Services was unchanged at 52.5, lifting Composite PMI marginally from 52.7 to 52.8.

Crude Oil Price Analysis – Crude Continues to See Range Forming.Crude oil continues to form a nice trading range as traders are stuck between narratives of trade wars and supply/demand imbalances.

United States S&P Global Composite PMI: 52.8 (January) vs 52.7.United States S&P Global Composite PMI: 52.8 (January) vs 52.7

United States S&P Global Services PMI came in at 52.5, below expectations (52.8) in January.United States S&P Global Services PMI came in at 52.5, below expectations (52.8) in January

United States S&P Global Manufacturing PMI came in at 51.9 below forecasts (52.1) in January.United States S&P Global Manufacturing PMI came in at 51.9 below forecasts (52.1) in January

USD/JPY forecast: Forex Friday | January 26, 2025.The USD/JPY, and more noticeably other JPY pairs, have been quite strong in recent months, thanks the ongoing weakness in the yen. The USD/JPY is being pulled in opposite directions.

Canada: Retail Sales Rebound in November, Lose Steam in December .Gains were broad-based across most categories, led by a strong rebound in food and beverage retailers (+3.0% m/m). Part of this strength reflects volatility in beer, wine and liquor retailers, which bounced back after a sharp decline in previous month due to a labour dispute in British Columbia.

Natural Gas Price Analysis – Natural Gas Struggles to Overcome Psychological Barrier.Natural gas markets have recently rocketed to the upside to break above the $5.60 level at one point during the Thursday session, but at this point, it looks like gravity has reintroduced itself to the picture.

Yen Bounce Short-Lived Without Market Buy-In, Loonie Bounces After Retail Sales.Yen's sharp rebound today, triggered by suspected official intervention, is already fading quickly, highlighting the market's skepticism toward one-off defensive actions. After an abrupt spike higher, the currency quickly lost momentum as traders faded the move.

USD/JPY – 23.01.2026.USDJPY rapidly dropped today after the BoJ announcement. However, the market managed to re-test the support at 157.30-60, which still holds so far as another advance is still expected with resistances at 159.45 and 160.20.