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Japanese Yen remains offered near 158.00

USD/JPY manages to gather some composure and partially leave behind the recent severe pullback, approaching the key 158.00 hurdle and opening the door to a probable retest of its key 200-day SMA. The pair’s bounce comes amid steady caution in light of another potential intervention in the FX universe to support the (until last week) beleaguered Yen. Moving forward, Japan’s Average Cash Earnings and the final Services PMI are due seconded by the BoJ Minutes.

AUD/USD challenges multi-week tops near 0.7050

AUD/USD regains balance, sets aside Monday’s losses and shifts its attention back to the 0.7050 region, or seven-week peaks, ahead of the opening bell in Asia. The daily recovery in spot comes in response to a decent decline in the US Dollar in a context of persistent uncertainty surrounding the Middle East conflict. In the meantime, the release of the final Services PMI will take centre stage in Oz seconded by China’s RatingDog Services PMI.

FXS SIGNALS

Deeper dive

Three central banks held rates this week. Here's what has them all worried

The Federal Reserve (Fed), Bank of England (BoE) and Bank of Japan (BoJ) all kept interest rates unchanged this week. Anyone looking at the decisions alone might conclude that monetary policy had entered a quiet period. The message beneath the surface was very different.

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.

Where the Pound is headed as war, fiscal cracks and central banks collide

Looking back, 2026 has not been a bad year for the British Pound (GBP). The GBP/USD pair is less than 1% below the year-opening levels, which, comparatively, is far from the worst performance among major currencies, especially considering that a major conflict erupted in the Middle East, Crude Brent oil reached levels above $120, and the UK cabinet collapsed in the meantime, although the latter is not that uncommon.

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REAL-TIME RATES

CRYPTO KEYS

XRP stuck in tight range as whale demand, on-chain activity strengthen

Ripple (XRP) declines for a second day in a row, trading around $1.07 at the time of writing on Tuesday. The remittance token has continued to sustain a bearish outlook, aligning with the broader cryptocurrency market.

Bitcoin rises toward $64,000 as Coldcard exploit, strategy sales recede – ADA advances

Bitcoin rose 1.6% over the last 24 hours, climbing as high as $64,160 to the highest since July 31 before retreating. The rebound followed a selloff spurred by an exploit that targeted a cold wallet over the weekend and bitcoin sales by the world’s largest corporate holder.

Crypto Today: Bitcoin, Ethereum, XRP shows recovery signs as Ethereum and XRP struggle

Bitcoin (BTC) advances above $63,000 on Tuesday, buoyed by increasing investor risk appetite. Ethereum (ETH) continues to trade under pressure below the supply range at $1,900 and above the short-term $1,800 support. At the same time, Ripple’s (XRP) upside is constrained under the pivotal $1.10 level while support at $1.00 remains intact.