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USD/JPY falls towards 144.50 and so new 2025 highs for GBP/USD and EUR/USD
The dollar just got slapped and in truth probably due to comments from the Fed boss, Jerome Powell. So, as expected and warned about a few times today and in the very last update, the GBP/USD has jumped above the current 2025 high. The Pound has risen above 1.3632 and extended the move to set a new 2025 just now at 1.3648. The EUR/USD has made a similar move and lifted above 1.1631. The EUR/USD has also set a new 2025 high just now, at 1.1641. The catalyst for these two moves has been a relapse in the USD/JPY. That has now dropped very close to the 144.50 mark a moment ago and that allowed the other two pairs to put their names in the 2025 notebooks for new highs. The USD/JPY is right now at 144.55
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