Forex Focus — Jul 20, 2026, 09:00 UTC

Transcript

EUR/USD dipped 6 pips today, settling at 1.1428. This move reflects significant Dollar Index strength. The hawkish Federal Reserve narrative is a key driver. Governor Jefferson explicitly reiterated the 2% inflation target. He warned policy shifts are possible if inflation persists. This underpins the dollar's robust carry advantage. Meanwhile, USD/JPY edged up 6 basis points to 162.49. Geopolitical tensions are clearly elevated. Headlines of US airstrikes on Iran are fueling broader risk aversion. This creates unusual volatility across the FX landscape, particularly impacting some exotic carry trades. For tomorrow, watch EUR/USD support at 1.1400, with resistance at 1.1450. USD/JPY finds support at 162.20, resistance at 162.80. Bitcoin briefly dipped below $64,000 amid these headlines, but broader crypto market reaction remains contained. Stay sharp, and stay informed, only on rawfin.tv.