Forex Focus — Jul 24, 2026, 10:00 UTC

Transcript

The dollar strengthened today, with USD/JPY gaining 37 basis points to 163.69. The DXY saw broad-based strength across the board. EUR/USD retreated 21 pips, settling at 1.1387. This reflects ongoing dollar demand. GBP/USD also fell 35 pips to 1.3327. USD/CHF advanced 37 pips to 0.8168. EUR/USD now tests critical support at 1.1380. A sustained break could target 1.1350. Resistance sits at 1.1420. Volatility surged in emerging market currencies. The PBOC's record liquidity injection supports the yuan. Yet, broader EM crosses face headwinds. Geopolitical risks are certainly driving this. The Fed remains implicitly hawkish. The ECB, however, signals continued dovishness. The Bank of Japan maintains its ultra-loose stance. This divergence fuels carry trades. For tomorrow, watch EUR/USD support at 1.1350. Resistance is key at 1.1420. USD/JPY finds initial support at 163.40. Resistance sits firmly at 164.00. Stay tuned to rawfin.tv for more.