Forex Focus — Oct 2, 2026, 09:00 UTC

Transcript

Euro-Dollar plunged 62 pips today, now trading at 1.1270. This significant move reflects broad dollar strength. The DXY is firmly higher, driven by a hawkish Federal Reserve. Breaking news confirms the Fed raised interest rates for the first time in years. This aggressive stance solidifies the dollar's carry advantage. USD/JPY surged 39 pips, now at 157.92. The widening rate differential fuels this upward trajectory. The Bank of Japan remains dovish, contrasting sharply with the Fed. Elsewhere, risk-sensitive emerging market currencies exhibit unusual volatility. Investors are actively re-pricing exposure following the Fed's decisive action. For tomorrow, watch EUR/USD support at 1.1240. Resistance sits around 1.1300. USD/JPY finds immediate support near 157.60. Resistance is expected at 158.20. Central bank divergence continues to dictate FX flows. Stay informed on rawfin.tv.