Forex Focus — Jul 12, 2026, 10:00 UTC

Transcript

Major FX pairs are flat this session, a rare 0.00% across the board. The Dollar Index shows little direction. EUR/USD holds 1.1422 precisely. This reflects a market holding its breath. Consolidation is the dominant theme. Fed minutes revealed deep debate on a June rate hike. Officials cited significant policy uncertainty. This creates a dovish undertone. Japan's BOJ struggles with Yen support. They balance stability against intervention. The ECB remains largely silent. This adds to the current impasse. While exotics are also quiet today, the broader Yen narrative is key. Japan's dilemma could spark future volatility. Carry trade dynamics are poised for a shift. For tomorrow, watch EUR/USD support at 1.1400. Resistance holds at 1.1450. These are critical inflection points. The market awaits new drivers. Meanwhile, oil volatility persists. WTI crude trades at $71.41. Geopolitical tensions remain a factor. Stay informed with rawfin.tv.