Aisha Amajida

Despite persistent warnings from Japanese officials about potential currency intervention, USD/JPY climbed to its highest level since the mid-1990s at 155.17 in Wednesday's New York session.

Australian inflation data released this morning pushed back expectations for a Reserve Bank of Australia (RBA) rate cut from September to November, bolstering AUD/USD.

Several upcoming agendas could serve as stronger catalysts for the US dollar and major pairs compared to yesterday's PMI data release.

UK domestic news boosted GBP/USD amidst the lack of high-impact economic data releases from the US.

The calendar only features a few key events that directly impact forex, so dollar traders are now focusing on the US equity markets.

Two senior officials of the Bank of England (BoE) are backing the prospect of interest rate cuts in the UK starting from June.

The United States, Japan, and South Korea have agreed to closely consult on exchange rate issues. The market sees it as a precursor to currency intervention.

The UK inflation rate persists stubbornly, influencing expectations for BoE interest rates and the trajectory of the Pound Sterling.

The US Dollar exchange rate and US Treasury Yields rallied to multi-month highs following Remarks from several Fed Officials yesterday.

The UK Unemployment Rate increased, prompting the Pound Sterling to fall ahead of tomorrow's UK inflation data release.