Forex Focus — Jul 12, 2026, 02:00 UTC

Transcript

Oil volatility spiked earlier, rallying 7% on geopolitical tensions. This impacted broader currency sentiment today. The Dollar Index saw muted trade. Fed minutes revealed significant policy uncertainty. Officials debated a June rate hike amid inflation concerns. This creates a dovish bias for the greenback. EUR/USD held steady at 1.1422. The pair remains flat, digesting Fed signals. USD/JPY traded at 161.79. Japan grapples with yen support versus bond stability. BOJ intervention risk remains high above 160. However, exotics saw action. USD/MXN experienced a 50-pip swing, reflecting ongoing oil price fluctuations. Tomorrow, EUR/USD finds key support at 1.1400. Resistance sits at 1.1450. USD/JPY support is 161.50. Resistance is 162.00. For further insights, keep it locked on rawfin.tv.