SerpApi.Org
0304 GMT — The Singapore dollar consolidates against its U.S. counterpart in the Asian session, with trading likely to be subdued before the Monetary Authority of Singapore’s monetary-policy decision due out next Monday, analysts say. “With markets already leaning towards no change, the tone of the statement may matter more than the decision itself,” two strategists at OCBC Group Research say in a report. “A balanced hold should see limited SGD reaction, while greater emphasis on lagged imported inflation or renewed domestic price pressures could keep” the Singapore dollar nominal effective exchange rate firm, the strategists add. The U.S. dollar is little changed at 1.2916 Singapore dollars, LSEG data show. ([email protected])
Japan’s Currency Intervention Hinges on Multiple Factors
0057 GMT — Investors are increasingly viewing Tokyo’s intervention strategy as a multifactor equation rather than a strict line in the sand, says SMBC Nikko Securities strategist Rinto Maruyama. Despite dollar-yen pushing well past the 160 level—long viewed as a key threshold for government action—the pair continues its gradual upward grind. Traders are shifting away from simple price-level triggers. They recognize that authorities evaluate intervention based on a complex combination of factors, including the pace of exchange-rate moves, market liquidity, speculative positioning, international coordination, and underlying economic fundamentals, Maruyama says. The dollar was last trading at 163.13 yen. ([email protected])
Asian Currencies Consolidate; Rising Oil Prices, Treasury Yields May Weigh on Risk Sentiment
0025 GMT — Asian currencies consolidate against the dollar in early trade. However, rising oil prices and U.S. Treasury yields could weigh on risk sentiment, analysts say. The U.S. and Iran have continued to exchange military strikes, CBA’s Samara Hammoud says in a research report. “We expect the strikes to continue for the next two months,” the international economist and currency strategist says. “A continuation of the Middle East conflict should support the USD because of its safe-haven status and typically positive correlation with oil prices,” Hammoud adds. The dollar rises 0.1% to 33.72 baht after earlier touching 33.73 baht, its highest intraday level since April 2025, LSEG data show. It is also 0.1% lower at 1,480.15 won. ([email protected])
Dollar Tests Trendline Resistance Vs. Yen After Upward Break, Charts Show
2350 GMT — The dollar tests resistance versus the yen on a trend line drawn from January 2026 high after the dollar-yen pair’s upward break to the highest since December 1986 on Tuesday, StoneX’s Matt Simpson says in commentary. This trend line coincides with Tuesday’s high, making it a valid interim resistance level, the senior market analyst says. The dollar’s “monthly R1 pivot” at 163.72 yen and the Y165.30 level could be subsequent resistance levels if trend line resistance breaks, Simpson says. However, the currency pair seems stretched on the one-hour chart, while bearish relative strength index divergences have formed in overbought territory, raising the potential for a near-term pullback, Simpson adds. The dollar is steady at Y163.20 after touching Y163.23 overnight, LSEG data show. ([email protected])