Forex Focus — May 16, 2026, 10:00 UTC

Transcript

Welcome to Forex Focus on rawfin.tv! Global markets are gripped by fear today. The Fear Greed Index sits at 31. This fuels a flight to safety. The Dollar Index sees strong upward momentum. It's driven by broad risk aversion. The VIX surged 6.78 to 18.43. EUR USD holds at 1.1628. Downward pressure persists. US economic indicators reached a 2008 crisis low of 0.84. We expect further tests of 1.1600 support. That's a 28-pip move lower. Resistance sits near 1.1650. Meanwhile the Bank of Japan is decidedly hawkish. News confirms they eye a near-term rate hike. This signals potential June action. USD JPY trades at 158.65. We see support at 158.20 a 45-pip drop. Resistance is at 159.00. Exotic pairs show heightened volatility. The carry trade unwinds as risk sentiment sours. Stay sharp traders. This is Forex Focus on