Forex Focus — Jul 25, 2026, 10:00 UTC

Transcript

The Dollar Index shows broad strength today, with EUR/USD dipping 9 pips. This reflects persistent geopolitical tensions and flight-to-safety flows. USD/JPY climbed 8 basis points to 163.82. USD/CHF gained 14 basis points, trading at 0.8179. EUR/USD currently sits at 1.1377, down 0.09% on the session. This move is driven by robust dollar demand. We see immediate resistance near 1.1400. Key support for the pair lies at 1.1350. While not seeing extreme moves, carry trade exotics remain highly sensitive. USD strength could pressure higher-yielding currencies. Keep a close watch on emerging market pairs. On the central bank front, the PBOC injected record liquidity this week. This aims to boost economic growth. The Bank of Japan remains notably dovish. This supports the persistent USD/JPY carry trade. Fed and ECB commentary was largely subdued. Tomorrow, watch EUR/USD 1.1400 as a critical resistance point. For USD/JPY, support is at 163.50. Resistance sits at 164.00. Stay tuned to rawfin.tv for more market insights.