• FX option strikes expire at 10am New York/14:00 GMT on Wednesday September 23

• EUR/USD: 1.1400-10 (3BLN), 1.1425-35 (1BLN), 1.1450-55 (1.6BLN), 1.1475 (1BLN), 1.1485-90 (1.3BLN), 1.1500 (2.7BLN)

• USD/CHF: 0.8200 (452M), 0.8230 (200M), 0.8275 (298M)

• GBP/USD: 1.3300 (174M), 1.3315-25 (682M), 1.3350 (313M)

• EUR/GBP: 0.8550 (425M), 0.8625 (318M)

• AUD/USD: 0.7050-55 (917M), 0.7085 (207M), 0.7120-30 (1.2BLN)

• NZD/USD: 0.5690 (200M), 0.5720 (170M)

• USD/CAD: 1.4125-30 (626M), 1.4150 (519M). EUR/JPY: 179.00-15 (300M)

• USD/JPY: 156.00 (1.6BLN), 156.50 (705M), 157.00 (1.4BLN), 157.50 (971M), 157.90-158.00 (1.1BLN)(Richard Pace is a Reuters market analyst. The views expressed are his own)

• Shares of Australia's Dundas Minerals rise as much as 2% to A$0.050, hitting their highest level since September 7

• Gold explorer says first assay results from drilling at its Rockland gold project in Western Australia extends gold mineralisation

• YTD, stock up 16.3% including the session's moves

(Reporting by Paridhi Minda in Bengaluru)

• USD/JPY edges higher as hawkish Fed comments bolster rate hike bets

• Dip buyers prevail as BOJ seen lagging Fed in current tightening cycle

• Tokyo intervention resolve will continue to be tested; Japanese holiday Wed

• Oil's slide to a near 3-week low on Wed likely to offer some support for JPY

• Resistance 157.75-80, 158.00-10, 158.60-65, support 157.00, 156.50-60

• Asia range 157.42-157.66
JPY:

(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

• GBP/USD down 0.1% in Asia after closing 0.2% lower on Tuesday

• Pressured by hawkish comments from Fed officials, rising Fed rate bets

• Oil's slide to a near 3-week low on Tue likely to offer some support

• UK employers' pay awards cool to 3%, Brightmine data shows

• Adds to signs of softer labour market, cooler inflation; BoE on hold in Nov?

• UK ready to lead global push on AI Standards, Burnham tells UN

• Strong supports at 1.3334-44 lost, opens ratchet to 1.3265-75

• Interim support at 1.3300-05; resistance 1.3375-80, 1.3405-10

• Tuesday range 1.3322-1.3386, Asia 1.3325-1.3345
GBP:

(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

• Shares of Silver Mines fall 11.4% to A$0.155, on track for worst day since June 18 if trends hold

• Silver explorer to raise A$70 million ($49.81 million) at issue price of A$0.145 per share via placement

• Issue price represents a discount of 17.1% to stock's last close

• About 10.7 mln shares change hands, 1.5x the 30-day average of 7.1 mln

• Stock down 29.6% YTD including moves in current session

($1 = 1.4055 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

• USD/JPY to remain supported on dips amid Fed rate outlook, risk rally

• Closed unchanged Tue in choppy trading after recovering from sharp 0.6% drop

• Fell on Iran peace deal optimism but buyers returned on Trump comments

• Tehran says ready to reopen Strait of Hormuz if US eased military pressure

• Trump says peace deal would come after US midterm elections, threatens Iran

• Hawkish Fed comments, Japan fiscal concerns offset intervention fears

• Tokyo intervention resolve will continue to be tested; Japanese holiday Wed

• Support 157.00, 156.50-60, resistance 158.00-10, 158.60-65

• Tuesday range 156.82-157.77, Asia 157.42-157.55
Inflation gauges:

(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

• NZD/USD +0.5% from Tue 0.56945 low, but month-long downtrend firmly intact

• RBNZ Governor Anna Breman says high oil prices risk to inflation & recovery

• Futures pricing implies 76.1% probability of 25 bps RBNZ hike Oct 28

• Iranian official sees quick Strait of Hormuz reopening if demands are met

• Saudi Arabia restarts pipeline, Trump threatens Iran annihilation, WTI -1.0%

• Trump meeting Xi Jinping in Washington Thur, markets watching closely

• Clean break below 0.5695 support will trigger slide toward 0.5627 ytd low

• Range NZ 0.57255-31, support 0.5695 0.5627, resistance 0.5995 0.6012
NZD Daily 21/55/100-DMA

(James Connell is a Reuters market analyst. The views expressed are his own.)

• EUR/USD -0.15% from Tue 1.1469 open amid ongoing Euro Zone sentiment frailty

• EU Sep consumer confidence -16.5 (prior -15.5), 1st deterioration since Apr

• Saudi Arabia restarts pipeline, Trump threatens Iran annihilation, WTI -1.2%

• Iranian official says Strait of Hormuz could be reopened if demands are met

• U.S. President Trump to meet CN leader Xi Jinping in Washington Thur

• EUR continues drift toward 1.1353, break above 1.1500 would flip narrative

• Range Asia 1.1448-4825, support 1.1353 1.1325, resistance 1.1710 1.1850
EU Consumer Confidence


EUR Daily 21/55/100-DMA

(James Connell is a Reuters market analyst. The views expressed are his own.)

• AUD/USD -0.15% wtd, restrained despite RBA hike warning & oil volatility

• Saudi Arabia restarts oil pipeline, Brent crude -1.7% to $98.64 a barrel

• Trump threatens to annihilate Iran in UN speech if no deal can be reached

• Iran official says Strait of Hormuz could be reopened if key demands are met

• AU Aug employment due Thur, poll consensus: +20k jobs, 4.5% unemployment

• AUD break below 0.7077 100-DMA may prompt move toward 0.6920 support

• Overnight range 0.7093-0.7121 support 0.7077 0.6920, resistance 0.72825
AUD Daily 21/55/100-DMA

(James Connell is a Reuters market analyst. The views expressed are his own.)

The dollar advanced across the board on Tuesday as oil and U.S. Treasury yields recovered from earlier lows and the Nasdaq's intraday record high emphasized the U.S AI investment story.

EUR/USD slid to a two-month low of 1.1429 after opening New York near 1.1465. Technicals remain skewed to the downside, with daily and monthly RSIs, along with 15-month Bollinger bands, pointing to negative momentum. The end of a consolidation phase following the September 9 high, combined with the pair's hold below a cluster of daily moving averages and the 61.8% Fibonacci retracement of the 1.1325-1.1711 range, reinforced the bearish technical picture.

Sterling extended its slide, falling to 1.3322 with fiscal risks remaining in focus as gilt yields held above 5% and the Autumn Budget loomed on the calendar for October. Money markets price 53% odds of an October Fed hike versus 60% for a November BoE move. Support for cable is seen at 1.3322, the big-figure 1.3300, and the July 28 low of 1.3274. Resistance sits at the daily cloud base of 1.3356 and Tuesday's high of 1.3386.

AUD/USD dropped to 0.7093 before settling near 0.7110. Consolidation following the fall from the September 9 peak adds to bearish RSI signals and the pair's position below its 10- and 21-DMAs.

USD/JPY firmed as Brent crude pushed back above $100/bbl at one point during the session, though conviction remained limited, with the pair likely to stay range-bound given capped topside following Friday's rate-check.

The S&P 500 was trading 0.03% higher in New York afternoon.

WTI crude oil fell 1.83%.

Copper was up 1.58%.

Gold edged up 0.21%.

Heading toward the close: EUR/USD -0.18%, USD/JPY +0.10%, GBP/USD -0.26%, AUD/USD -0.11%, DXY +0.18%, EUR/JPY -0.11%, GBP/JPY -0.17%, AUD/JPY +0.03%.(Burton Frierson)

(Corrects the 2-month low to 1.1429 from 1.1426)

• NY opened near 1.1465 after 1.1478 traded overnight, the pair fell in NY trading

• US yield gains drove broad USD buying; USD/CNH held above 6.700

• Gold, silver & stock drops reinforced the broad-based USD buying theme

• EUR/USD hit a 2-month low, hit 1.1429, sat near 1.1435 late, was down -0.26%

• Technicals continue to highlight downside risks for EUR/USD

• Daily, monthly RSIs indicate downward momentum as do the 15-mo Bolli bands

• End of consolidation of drop from Sep. 9 high added to bearish signals

• Pair's hold below slew of DMAs, 61.8% Fib of 1.1325-1.1711 reinforce bearish techs
eurusd

(Christopher Romano is a Reuters market analyst. The views expressed are his own)

• USD/JPY rebounds in NY trade, tracking move higher in oil with Brent back above $100/bbl

• Broader tone remains one of limited conviction with reluctance to chase in either direction

• Dips still finding support given the USD setup remains constructive amid a more hawkish Fed backdrop

• However, after Friday's rate-check, USD/JPY topside is still truncated, limiting scope for sustained upside

• In turn, the pair looks set to remain in a holding pattern in the short-run
USDJPY hourly chart

Justin McQueen is a Reuters market analyst. (The views expressed are his own). ((Email: ))

EUR/USD dropped to a two-month low on Tuesday, with a combination of yield spreads, options positioning, and technical indicators all pointing toward increasing downside risks for the pair.

On the yield front, the dollar's advantage over the euro has widened, as U.S.-German 2-year yield spreads reached their broadest level since July 10. This widening may be tied to the recent decline in oil prices, which could push the ECB toward a less hawkish stance and away from further rate hikes.

Options markets are also positioning for further euro weakness. EUR/USD's 1-month and 3-month risk reversals show that volatility premiums for euro puts are higher than those for euro calls, signaling hedging demand against additional downside.

Technical indicators reinforce the bearish picture. Daily and monthly RSIs show downward momentum is intact, with neither indicator suggesting oversold conditions yet. The pair continues to consolidate its decline from the September 9 high, and its hold below the 61.8% Fibonacci retracement of the 1.1325-1.1711 rally adds to the negative tone.

EUR/USD trading beneath its downward-sloping 10-, 21-, 55-, and 200-day moving averages further supports the bearish case. Additionally, a new signal has emerged from the 15-month Bollinger bands, which are widening and sloping downward, indicating rising volatility and momentum behind the move.

If these conditions persist, EUR/USD could test the June monthly low of 1.1325, and a break below that level would open the door to steeper losses.
deus


eurrr


eurusd

(Christopher Romano is a Reuters market analyst. The views expressed are his own)

• US-listed shares of cryptocurrency and blockchain-related companies fall as bitcoin and ethereum slip

• Bitcoin, the world's biggest cryptocurrency, falls 1.28% from a near eight-month high to $85,858.8; ether down 1.59% at $2739.5

• Crypto exchange Coinbase Global falls 1.7%

• Crypto miners: Riot Platforms Inc , MARA Holdings , Hut 8 and Bit Digital down between 0.5% and 2.5%

• Trading platform Robinhood Markets down 1.1%

• BTC buyer Strategy slips 1.7%

• BTC mining machine makers Canaan Inc and Ebang International down 1.8 and 4.1% respectively.

• ProShares Bitcoin Strategy ETF falls 0.8%

• iShares Bitcoin Trust ETF down 0.7%

• Including session's moves, BTC down 2.1% YTD, ETH down 8.1% YTD

(Reporting by Darshan Kumar in Bengaluru)

• Iran ready to reopen Strait of Hormuz if U.S .eases military pressure and lifts blockade

• Tehran welcomes revival of diplomacy if U.S. takes tangible steps

• Iranian delegation is in NY with full authority to revive diplomacy with U.S.

• Traders betting $10 billion on yen rising have instead seen it fall

• Oil's recent leap weighed heavily upon the yen

• Brent $11 below Sep's peak has dropped over $6 this week

• Hopes for peace could support a substantial yen rally

•
USDJPY oil and betting on yen

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)

• USD/JPY has peaked at 157.77, on Tuesday, suffers a short-term setback to 156.87

• Note the 'yield gap' keeps USD/JPY on an overall upward trajectory

• Yen has been squeezed as hawkish turn grips central banks recently

• Those that are bullish USD/JPY need to see a daily close above the broken 157.53 Fibo

• However, repeated failure to close above the 157.53 Fibo would hint at a "bull trap", a bearish sign

• 157.53 Fibo is a 61.8% retracement of 160.39-152.89 (Sept) drop

• USD/JPY and EUR/JPY tend to move in tandem, log correlations are high above +0.5

Daily Chart


Daily Chart


Correlation Chart

(Martin Miller is a Reuters market analyst. The views expressed are his own)

• EUR/USD drops to a nine week low at 1.1440 on Sep 22

• Pair traded 1.1556-1.1461 on Sep 16 when Fed hiked

• EUR/USD freer to fall after shorts slashed between Jul-Sep

• At $3.8 bln net euro short is little restraint on it dropping

• Test of 2026 low at 1.1325 likely to follow and drop below 1.1430

• Slump in volatility challenges the current drop

•
EURUSD

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)

• Cable has traded sub-1.34 since Thursday's drop to 1.3337 (seven-week low)

• 1.3364-1.3386 is Tuesday range-to-date; 1.3366-1.33985 was Monday range

• Friday range was 1.33375-1.33975 (peak scaled on Japan's FX rate checks)

• UK PM Burnham is expected to meet Trump in New York for the first time today

• Britain borrowed £18.3 billion in August vs £15.5 billion Reuters poll forecast

• Losing the plot? Warsh's Fed more 'touchy-feely' than data-driven

GBPUSD

(Robert Howard is a Reuters market analyst. The views expressed are his own)

• Shares of Australia's Bellevue Gold climb as much as 6.1% to A$1.645, their highest level since September 8

• Gold miner's revenue for FY26 increases 45.9% to A$576.3 million ($410.44 million)

• FY26 net profit after tax (NPAT) came in at A$7.1 million impacted by bad hedging contracts, else FY26 NPAT would have been A$205 million, adds co

• FY26 production of 143,500 oz was within its forecast range of 130,000-150,000 oz, adds co

• YTD stock down 4.6% ($1 = 1.4041 Australian dollars)

(Reporting by Swetha Lakshmi in Bengaluru)

• Shares of Waratah Minerals rise as much as 34.7% to A$0.815, marking their biggest intraday pct gain since early August 4, 2025

• Stock hits its highest level since March 6

• Gold explorer reports its best drilling result to date at the Spur gold discovery in New South Wales

• Co says the results support its view that Spur could develop into a large, high-grade gold deposit

• YTD, stock up 46.2%

(Reporting by Paridhi Minda in Bengaluru)

• AUD/USD +0.1% Tue as RBA continues to deliver cautiously hawkish rhetoric

• Bullock says AI boom adding to excess demand, Hunter flags OCR hike

• RBA Monetary Policy Board member Ian Ross speech in Melbourne 0730 GMT

• AU Aug employment due Thur, poll consensus: +20k jobs, 4.5% unemployment

• AUD break below 0.7077 100-DMA may prompt move toward 0.6920 support

• Investors assess U.S.-Iran diplomacy hopes, Brent crude +1.1% in Asia

• Range Asia 0.70985-0.7126 support 0.7077 0.6920, resistance 0.72825 0.7661
AUD Daily 21/55/100-DMA

(James Connell is a Reuters market analyst. The views expressed are his own.)

• AUD/USD -0.2% Tue as sentiment softens regardless of hawkish RBA comments

• RBA Assistant Governor Hunter implies tighter monetary policy in transit

• AUD pressing lower hourly Bollinger band, downside progress slow short term

• Break below 0.7077 100-DMA may trigger deeper selloff toward 0.6920 support

• RBA Governor Michele Bullock fireside chat in Sydney 0300 GMT

• RBA Monetary Policy Board member Ian Ross speech in Melbourne 0730 GMT

• Brent crude consolidates in Asia, +0.5% to $100.85 a barrel

• Range Asia 0.7107-25 support 0.7077 0.6920, resistance 0.72825 0.7661
AUD Hourly Bollinger Study


AUD Daily 21/55/100-DMA

(James Connell is a Reuters market analyst. The views expressed are his own.)

• Australian gold miners rise as much as 1.3% in early trade, adding to the broader benchmark's 0.2% gain

• Sub-index hits highest level since September 14

• Gold prices edged higher as US Treasury yields eased, although expectations of higher interest rates limited gains [GOL/]

• Sector leaders Northern Star Resources and Evolution Mining advance as much as 2.1% and 1.3%, respectively

• YTD, AXGD down 0.6%, including the day's moves, slightly outperforming AXJO's 0.2% rise

(Reporting by Nikita Maria Jino in Bengaluru)

• USD/JPY likely to remain bid on dips after closing 0.3% higher on Monday

• Supported by hawkish comments from Fed officials, rising Fed rate bets

• Downside limited as Fed seen as more hawkish on policy than BOJ

• Threat of Japanese intervention in thin markets likely to cap rallies

• Japanese markets closed Tue-Wed; Japan conducted rate check on Friday

• Support 157.00, 156.50-60, resistance 157.50, 158.00-10, 158.60-65

• Monday range 156.58-157.53, Asia 157.30-157.43
JPY:

(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)