Daily market news

EUR/JPY trades around 182.70 on Thursday at the time of writing, down 0.23% on the day, as markets digest comments from the Bank of Japan (BoJ) governor and await the European Central Bank (ECB) decision.

TD Securities strategists Alex Loo and Prashant Newnaha warn that JPY intervention risks are elevated as USD/JPY trades near 160, close to its 2024 high before Ministry of Finance action.

The USD/JPY pair attracts some sellers on Thursday and erodes a part of the previous day’s strong move up to its highest level since July 2024. Spot prices, however, trim a part of modest intraday losses and trade just below the 159.50 area during the early European session.

The United Kingdom (UK) docket has the labor market report to be released by the Office for National Statistics (ONS) on Thursday, later this session at 07:00 GMT.

The EUR/USD pair trades 0.15% higher to near 1.1470 in the early European session on Thursday. The major currency pair gains as the Euro (EUR) rises against its major currency peers, except antipodeans, ahead of the European Central Bank’s monetary policy announcement at 13:15 GMT.

The AUD/USD pair attracts some dip-buyers near the 0.7020 area during the Asian session on Thursday and reverses a part of the previous day's retracement slide from the weekly high.

West Texas Intermediate (WTI) oil price loses ground after two days of gains, trading around $97.80 per barrel during the Asian hours on Thursday.

US President Donald Trump's administration plans to deploy thousands of US troops to reinforce its operation in the Middle East, as the US military prepares for possible next steps in its campaign against Iran, Reuters reported on Thursday. 

USD/JPY posted solid gains of nearly 0.40% on Wednesday after the Federal Reserve (Fed) kept interest rates steady, hinting at just one rate cut in 2026. At the time of writing, the pair trades at around 159.60, remaining volatile.