
USD/JPY Sinks to Familiar Support as Risk Off Fears Grow
Stocks are selling off in both the US and Japan and USD/JPY has started to show a degree of strain, with a pullback to a key support level even as USD-strength remains in-force elsewhere.
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Stocks are selling off in both the US and Japan and USD/JPY has started to show a degree of strain, with a pullback to a key support level even as USD-strength remains in-force elsewhere.

GBP/USD has surged to pivotal resistance at five-week highs, with the next reaction likely to determine whether the recovery has further to run.

Trading conditions continue to be challenging for silver in the short term. The precious metal has been losing value at an accelerated pace and, during today's session alone, has fallen more than 5.5%, reaching new lows for 2026. This development highlights how selling pressure has become increasingly dominant across recent market activity.

Both US Dollar strength and EUR/USD weakness were looking long-in-the-tooth last week, and the initial semblance of reversal started to show. But kicking into a new trend has been harder than imagined so far.

Gold bears have broken the monthly range, with a daily close below key support threatening another sharp decline toward the yearly lows.

U.S. stocks are falling sharply on Thursday, led by the tech sector, as Meta Platforms' negative free cash flow unnerved markets, while oil prices continued rising, adding to inflationary concerns.

It has been a risk off day so far with stocks, gold, silver and cryptos all taking a plunge. The Japanese yen has emerged as the strongest currency, with risk sensitive antipodeans falling along with the euro – the latter down due to ongoing French bond market turmoil. Along with global indices, US index futures have taken a drop, threatening to undo what had looked like a promising rebound on Wall Street yesterday.

DAX falls as oil prices rise and tech concerns weigh. Gold falls as higher oil prices fuel rate concerns.

NZD/CAD eyes a potential swing low as firm RBNZ hike bets contrast with a cautious BoC outlook, ahead of both central bank decisions on 28 October.

Gold and silver have been going nowhere fast, but their narrowing ranges may offer trading opportunities. We look at the macro drivers, developing chart patterns and levels to watch.

AUD/USD defies a potential head-and-shoulders breakdown as RBA rate hike bets surge and a weaker US dollar fuels an Australian dollar rally.

Recent trading sessions have once again highlighted a meaningful improvement in demand dynamics around Bitcoin. In fact, over the last two sessions the leading cryptocurrency has gained nearly 3.0%, bringing buying momentum back into focus after losing strength in previous weeks.

Euro bulls are struggling to extend the recovery from October lows, with a critical resistance barrier threatening to stall the advance.
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