Forex Focus — Jul 25, 2026, 21:00 UTC

Transcript

Crude oil plunges 3.12% today, trading sharply lower at $89.31 per barrel. The Dollar Index is consolidating, driven by cautious risk sentiment amid a Fear market. EUR/USD holds flat at 1.1377, showing zero movement. The pair awaits clearer central bank signals. The ECB maintains a hawkish stance, while the Fed remains resolutely data-dependent. This divergence creates a tight, range-bound environment. USD/JPY sits firm at 163.82, with BOJ intervention fears capping any significant upside. We closely watch for any shift in their ultra-dovish policy. Elsewhere, exotic pairs show elevated volatility, particularly from carry trade unwinding pressures. The PBOC's record liquidity injection aims to boost economic growth, impacting broader EM FX sentiment. For tomorrow, EUR/USD resistance at 1.1400 is key, 23 pips above current levels. Support lies at 1.1350, representing a 27 pip drop. Navigate these markets with precision. This is Forex Focus on rawfin.tv.