Forex Focus — May 3, 2026, 09:00 UTC

Transcript

Welcome back to Forex Focus on rawfin.tv! The DXY is seeing mixed signals today. USD JPY trades firmly at 157.09 holding 9 pips above the 157.00 psychological level. This reflects ongoing Yen weakness. Conversely EUR USD holds strong at 1.1726 driving the dollar lower against the Euro. This divergence is driven by central bank outlooks. Breaking news on the Fed Jerome Powell will step down as Chair by May 2026. This coupled with Senate advancing Warsh's nomination introduces significant policy uncertainty. The ECB's perceived hawkish stance continues to underpin the Euro. Meanwhile the BOJ's dovish posture keeps the Yen under pressure. We're observing unusual volatility in emerging market currencies. Carry trades are gaining traction amid the global crypto market rally. It now sits at 3.22 Trillion. For tomorrow closely monitor key support and resistance levels. A break could signal new directional momentum. Stay tuned to rawfin.tv