Global Forex Market Update: JPY Gains on Rate Hike Expectations as Dollar Retreats January 23, 2026 08:30 AM EST
Overview The global forex market opened Thursday with heightened volatility as the Japanese Yen strengthened on expectations of a Bank of Japan (BoJ) rate hike, while the US Dollar continued to retreat amid geopolitical de-escalation between Washington and European NATO allies. Major forex pairs traded within tight ranges, gold surged toward record highs, and oil … Read more