New York Wrap: Yen Surges as USD/JPY Drops 2.3%
The yen swept higher across the board while the Nasdaq 100 jumped 3% and Uniswap led crypto up 11% into the New York close on July 31.
The yen swept higher across the board while the Nasdaq 100 jumped 3% and Uniswap led crypto up 11% into the New York close on July 31.
The yen swept the leaderboard as USD/JPY fell 2.31% and every JPY cross slid. European equities rallied and Uniswap jumped 11% in crypto.
The Canadian dollar reacted unevenly to Canada's GDP m/m release on 31 July 2026, with CADJPY posting the largest post-release move on the ForexBullion feed.
Canada's monthly GDP lands July 31 at 12:30 UTC, with a 0.2% forecast versus 0.5% prior. Here's what it measures and how CAD pairs are trading now.
The yen eased across the board following the BOJ Press Conference on 31 July 2026, with USD/JPY the biggest mover in a broadly muted reaction.
The yen firmed across every major cross while Uniswap jumped 11% and equity indices ran higher. Here is where the majors and crypto stand at the open.
The yen firmed marginally after Japan's July 31 BOJ policy decision, Outlook Report and statement, with EUR/JPY leading a set of small, muted moves.
Brent surged 7.4% and US crude 3.4% while the Nasdaq 100 dropped 2.9%. Gold firmed and the dollar softened broadly into the New York close.
Crude led the day with Brent up 7.35% as US indices sold off hard, the dollar softened across the majors, and gold firmed above $4,060.
Sterling diverged after BOE Governor Bailey spoke at 12:00 UTC on 30 July 2026, with GBP/JPY tumbling nearly 1.8% while GBP/USD edged higher.
Sterling eased modestly across the board 30 minutes after the BOE's rate decision and Monetary Policy Report, with GBP/USD leading a soft move lower.
The BOE Monetary Policy Report lands 30 July at 11:00 UTC. Here's what it measures, why markets watch it, and how GBP pairs are trading heading in.