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USD/JPY: Downside bias with policy drivers – MUFG

MUFG’s Senior Currency Analyst Michael Wan notes that the US Dollar weakened, with USD/JPY dropping below 156 and expected further downside over time. The outlook is tied to potential Bank of Japan rate hikes and Japan’s fiscal sustainability focus.
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EUR/GBP: Politics spark reverse V-shaped session – Danske Bank

The Danske Research Team highlights that EUR/GBP saw a reverse V‑shaped price action during the previous session. The move came as UK politics returned to focus, with pressure on Prime Minister Keir Starmer to resign after senior aides stepped down.
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