Takaichi's Win Sparks "Sell the Fact" Response in USDJPY; Focus Shifts to Upcoming US NFP
USD Performance: The US Dollar weakened due to a lack of catalysts, with analysts attributing the decline to China's banks reducing exposure to US Treasuries, while the market anticipates key economic reports, particularly the US NFP report, which could influence Fed rate expectations.
JPY Update: The Japanese Yen saw a rally following PM Takaichi's expected election victory, with the Bank of Japan maintaining interest rates and slightly upgrading growth and inflation forecasts, although recent data has not supported a rate hike.
USDJPY Technical Analysis: The USDJPY pair experienced a drop amid the "sell the fact" reaction to Takaichi's victory, with current trading positioned between intervention levels and trendlines, indicating potential bullish and bearish trading opportunities.
Upcoming Economic Data: Key economic indicators are set to be released, including US Retail Sales, Employment Cost Index, Jobless Claims, and CPI reports, which are expected to significantly impact market movements and Fed policy outlook.
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Forex Prices Indicated for Monday, February 16, 2026
Current Exchange Rates: The latest exchange rates show EUR/USD at 1.1875, USD/JPY at 152.66, GBP/USD at 1.3641, AUD/USD at 0.7072, USD/CAD at 1.3609, USD/CHF at 0.7685, and NZD/USD at 0.6033.
Market Stability: There has been little change in the currency exchange rates since late Friday, indicating a stable market environment.
Upcoming Updates: The author plans to provide more news updates over the weekend.
Focus on Major Currencies: The summary highlights key currency pairs, reflecting the current state of the forex market.
Attention shifts to US CPI as Indian Rupee trades at a critical level against the US Dollar.
US Dollar Movement: The US Dollar initially rose after a strong NFP report but quickly lost gains as the market remains cautious ahead of the US CPI report, indicating uncertainty about future rate cuts despite improving economic conditions.
CPI Report Impact: The upcoming US CPI report is crucial; a soft report may not change market expectations significantly, while a strong report could lead to a hawkish reaction and a rally in the US Dollar.
Indian Rupee Developments: The Indian Rupee is on a bearish trend against the US Dollar, but recent trade deal announcements and rising inflation have provided some support, with the RBI maintaining steady interest rates.
USDINR Technical Analysis: Technical analysis shows USDINR facing resistance around the 91.00 level, with buyers looking for a breakout to new highs, while sellers are poised to capitalize on resistance and potential declines.
US Dollar Struggles to Gain Ground Despite Strong NFP: Indicator of Weakness or Prudence Before CPI?
USD Performance: The US Dollar initially rose following a strong NFP report but lost gains as the market anticipates the upcoming US CPI report, which could significantly influence future rate cut expectations.
EUR Stability: The Euro remains stable as the ECB maintains interest rates and a cautious approach towards inflation, with traders eyeing potential rate cuts in 2026 if inflation data weakens.
EURUSD Technical Analysis: The EURUSD pair is consolidating around the 1.19 level, with traders awaiting the US CPI report to determine the next market direction, either towards 1.21 or 1.16.
Upcoming Economic Data: Key economic indicators to watch include today's US Jobless Claims and tomorrow's Eurozone Q4 GDP and US CPI reports, which are expected to impact market movements.
Dollar Faces Challenges in Sustaining Post-NFP Gains as Attention Shifts to Upcoming CPI Data
Dollar Performance: The dollar is slightly lower in European morning trade, struggling to maintain gains from a strong US jobs report, which showed positive payroll and unemployment figures.
Market Sentiment: Despite the solid jobs data, market expectations for the Federal Reserve's rate cuts remain largely unchanged, with traders delaying the first anticipated cut from June to July but still considering a significant chance of a June move.
Currency Movements: Major currency pairs like EUR/USD and USD/JPY are experiencing fluctuations, with EUR/USD testing key moving averages and USD/JPY facing declines amid intervention risks.
Upcoming Data: Traders are advised to remain cautious as more data volatility is expected, particularly with the US CPI report set to be released, which could influence market dynamics before the weekend.
USDCAD Stabilizes at 2025 Lows: USMCA Concerns Pressure CAD, Strong NFP Supports USD
US Dollar Movement: The US Dollar initially rose following a strong NFP report but later lost gains as the market anticipates the upcoming US CPI report, which could significantly influence future rate cut expectations.
Impact on CAD: The Canadian Dollar weakened due to concerns over US President Trump's potential withdrawal from the USMCA trade agreement, which could lead to increased tariffs and negatively impact the Canadian economy.
Technical Analysis of USDCAD: On various timeframes, USDCAD shows signs of potential buyer interest around recent lows, while sellers are looking for a breakout below these levels to extend bearish momentum.
Upcoming Economic Data: Key economic indicators, including US Jobless Claims and the US CPI report, are expected to influence market movements and trader sentiment in the coming days.
USDJPY Rapidly Retreats from NFP Gains, Approaches Key Trendline; Attention Shifts to US CPI
USD Overview: The US Dollar initially rose after a strong NFP report but lost gains as the market anticipates the upcoming US CPI report, which could significantly impact rate expectations and the dollar's strength.
JPY Overview: Following Takaichi's election victory, the JPY experienced a "sell the fact" reaction, with no new developments from the Bank of Japan, which maintains a steady interest rate while hinting at potential future hikes based on economic data.
USDJPY Technical Analysis - Daily: The USDJPY has retraced to a major trendline, where buyers are expected to enter, aiming for a rally towards 159.00, while sellers will look for a break below to target 145.00.
Upcoming Economic Data: Key economic indicators, including US Jobless Claims and the US CPI report, are set to be released, which will likely influence market movements and sentiment.
Forex Prices Indicated for Monday, February 16, 2026
Current Exchange Rates: The latest exchange rates show EUR/USD at 1.1875, USD/JPY at 152.66, GBP/USD at 1.3641, AUD/USD at 0.7072, USD/CAD at 1.3609, USD/CHF at 0.7685, and NZD/USD at 0.6033.
Market Stability: There has been little change in the currency exchange rates since late Friday, indicating a stable market environment.
Upcoming Updates: The author plans to provide more news updates over the weekend.
Focus on Major Currencies: The summary highlights key currency pairs, reflecting the current state of the forex market.
Attention shifts to US CPI as Indian Rupee trades at a critical level against the US Dollar.
US Dollar Movement: The US Dollar initially rose after a strong NFP report but quickly lost gains as the market remains cautious ahead of the US CPI report, indicating uncertainty about future rate cuts despite improving economic conditions.
CPI Report Impact: The upcoming US CPI report is crucial; a soft report may not change market expectations significantly, while a strong report could lead to a hawkish reaction and a rally in the US Dollar.
Indian Rupee Developments: The Indian Rupee is on a bearish trend against the US Dollar, but recent trade deal announcements and rising inflation have provided some support, with the RBI maintaining steady interest rates.
USDINR Technical Analysis: Technical analysis shows USDINR facing resistance around the 91.00 level, with buyers looking for a breakout to new highs, while sellers are poised to capitalize on resistance and potential declines.
US Dollar Struggles to Gain Ground Despite Strong NFP: Indicator of Weakness or Prudence Before CPI?
USD Performance: The US Dollar initially rose following a strong NFP report but lost gains as the market anticipates the upcoming US CPI report, which could significantly influence future rate cut expectations.
EUR Stability: The Euro remains stable as the ECB maintains interest rates and a cautious approach towards inflation, with traders eyeing potential rate cuts in 2026 if inflation data weakens.
EURUSD Technical Analysis: The EURUSD pair is consolidating around the 1.19 level, with traders awaiting the US CPI report to determine the next market direction, either towards 1.21 or 1.16.
Upcoming Economic Data: Key economic indicators to watch include today's US Jobless Claims and tomorrow's Eurozone Q4 GDP and US CPI reports, which are expected to impact market movements.
Dollar Faces Challenges in Sustaining Post-NFP Gains as Attention Shifts to Upcoming CPI Data
Dollar Performance: The dollar is slightly lower in European morning trade, struggling to maintain gains from a strong US jobs report, which showed positive payroll and unemployment figures.
Market Sentiment: Despite the solid jobs data, market expectations for the Federal Reserve's rate cuts remain largely unchanged, with traders delaying the first anticipated cut from June to July but still considering a significant chance of a June move.
Currency Movements: Major currency pairs like EUR/USD and USD/JPY are experiencing fluctuations, with EUR/USD testing key moving averages and USD/JPY facing declines amid intervention risks.
Upcoming Data: Traders are advised to remain cautious as more data volatility is expected, particularly with the US CPI report set to be released, which could influence market dynamics before the weekend.
USDCAD Stabilizes at 2025 Lows: USMCA Concerns Pressure CAD, Strong NFP Supports USD
US Dollar Movement: The US Dollar initially rose following a strong NFP report but later lost gains as the market anticipates the upcoming US CPI report, which could significantly influence future rate cut expectations.
Impact on CAD: The Canadian Dollar weakened due to concerns over US President Trump's potential withdrawal from the USMCA trade agreement, which could lead to increased tariffs and negatively impact the Canadian economy.
Technical Analysis of USDCAD: On various timeframes, USDCAD shows signs of potential buyer interest around recent lows, while sellers are looking for a breakout below these levels to extend bearish momentum.
Upcoming Economic Data: Key economic indicators, including US Jobless Claims and the US CPI report, are expected to influence market movements and trader sentiment in the coming days.
USDJPY Rapidly Retreats from NFP Gains, Approaches Key Trendline; Attention Shifts to US CPI
USD Overview: The US Dollar initially rose after a strong NFP report but lost gains as the market anticipates the upcoming US CPI report, which could significantly impact rate expectations and the dollar's strength.
JPY Overview: Following Takaichi's election victory, the JPY experienced a "sell the fact" reaction, with no new developments from the Bank of Japan, which maintains a steady interest rate while hinting at potential future hikes based on economic data.
USDJPY Technical Analysis - Daily: The USDJPY has retraced to a major trendline, where buyers are expected to enter, aiming for a rally towards 159.00, while sellers will look for a break below to target 145.00.
Upcoming Economic Data: Key economic indicators, including US Jobless Claims and the US CPI report, are set to be released, which will likely influence market movements and sentiment.
