NFP

GBP/USD remains under bearish pressure after failing above 1.3650 and sliding through a sequence of technical breakdowns. Traders are watching 1.3520 as a pivotal resistance area ahead of major US labor market data.

EUR/USD is trading near a two-week low as the US Dollar extends its recent strength and traders reassess the likelihood of another Federal Reserve rate hike. The pair remains vulnerable below the 1.1600 area, although failure to break 1.1574 could still encourage a short-term bullish response.

The US dollar remained close to familiar levels after July inflation data matched consensus across headline and core measures. Softer jobs data and another decline in inflation have pushed more hawkish Federal Reserve expectations out of immediate focus.

The US dollar remained broadly steady after July inflation data landed in line with market expectations, limiting volatility across major markets. Softer jobs momentum and another cooling inflation reading have pushed more hawkish Federal Reserve expectations into the background for now.

USD/JPY has stabilized around the 157.50 to 157.80 area after a sharp retreat from the 163.00 zone, with oversold technical signals helping the pair find a near-term floor. Traders are weighing the impact of major intervention, uncertain Bank of Japan tightening prospects, and reduced expectations for two Federal Reserve hikes before year-end.