Crypto World
SOL, ADA, DOGE pullback, bitcoin holds above $74,000 as Asia recoups Iran war losses
Bitcoin held above $74,000 on Wednesday as a wave of risk appetite swept through global markets, with Asian equities joining Wall Street benchmarks in fully recouping losses sustained since the US-Iran conflict began in late February.
Ether gained 4% on the week to trade near $2,325, outpacing bitcoin’s 3.9% move. Solana dropped 1.5% to $83, Cardano’s ADA fell 1%, while dogecoin fell 1.3% to $0.093. Tron bucked the trend with a 3% weekly gain.
China’s CSI 300 became the latest gauge to fully erase war-related declines, joining Taiwan and Singapore. The S&P 500 is closing in on its record high from late January.
Optimism that the US and Iran will enter a second round of talks in the coming days has kept crude oil below $100 a barrel, easing the inflationary overhang that weighed on markets through March.
The current bitcoin price sits near the estimated average entry price for holders of U.S. spot bitcoin ETFs, a level that could act as a floor rather than a ceiling. Investors who held through the drawdown below $60,000 have little incentive to sell at breakeven, removing a layer of potential overhead supply.
U.S. spot ETFs posted $471 million in net inflows on April 6, their strongest single-day intake since February, pushing cumulative inflows past $56 billion since the products launched in January 2024 – a move some watchers say is reflective of bullish market structure.
“This is bullish for adoption even though it’s no self-custody,” said Vikrant Sharma, founder of CakeWallet.
“Institutions pouring in $471 million in a single day and pushing past $56 billion cumulative means bitcoin is getting a whole new class of long-term holders. Self-custody wallets selling off is just natural profit-taking, but the fact that it’s not leading to price collapse is a very bullish sign,” he added.
Market participants are also pricing in the possibility of Federal Reserve rate cuts later this year, a development that would channel additional liquidity into risk assets after months of range-bound trading.
Societe Generale-FORGE, the digital asset arm of French banking giant Societe Generale, has integrated its Markets in Crypto Assets Regulation (MiCA)-compliant USD CoinVertible (USDCV) stablecoin into MetaMask, giving the wallet’s millions of users access to a regulated dollar token issued by a major European bank.
The company said in a release on Wednesday that under the partnership with Consensys, USDCV, which is backed by cash and cash-equivalent reserves and issued under French electronic money regulations, will be surfaced in MetaMask on mobile and web. The token is redeemable 1:1 in dollars and will be made available for functions including trading, decentralized finance interaction and fiat on-ramping, with Transak serving as the on-ramp provider.
The move expands access to one of the few dollar stablecoins issued by a major European bank. It also comes as regulated issuers seek to turn MiCA compliance into a commercial advantage by distributing tokens across widely used crypto platforms. SG-FORGE CEO Jean-Marc Stenger said the MetaMask rollout is intended to broaden access to compliant digital assets.
Under the European Union’s new framework, a growing but still relatively small pool of approved stablecoin issuers, with around 10 entities authorized so far, is competing for market share, making integrations with wallets like MetaMask increasingly important.
Consensys CEO Joseph Lubin said in the release that stablecoins are becoming a more important part of digital financial infrastructure.
Cointelegraph reached out to Societe Generale-FORGE and Consensys for comment but had not received a response by publication.
Related: ECB backs tokenized EU capital markets with strict guardrails
SG-FORGE expands multichain stablecoin strategy
SG-FORGE also issues EUR CoinVertible, a MiCA-compliant euro stablecoin first launched on Ethereum (ETH) in 2023. The token has since expanded as part of a multichain strategy to Solana, the XRP Ledger and Stellar, while USDCV is available on Ethereum and Solana and listed through several exchanges and partners, according to SG-FORGE.
The euro-denominated token has been part of broader efforts by Societe Generale-FORGE to test tokenized financial infrastructure, including participation in experiments involving tokenized bonds and settlement through blockchain networks.
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Crypto World
EToro to acquire crypto wallet Zengo in $70 million deal to expand self-custodial services
EToro (ETOR) has agreed to acquire crypto wallet provider Zengo as it brings self-custody tools into its trading platform in a deal estimated at around $70 million.
The deal pairs eToro’s multi-asset investing network with Zengo’s non-custodial wallet, according to an announcement on Wednesday.
A non-custodial wallet allows users to custody their own funds by controlling the keys to the wallet directly.
Zengo uses multi-party computation, or MPC, to secure user funds without a seed phrase, a design meant to reduce common risks tied to lost or stolen keys.
EToro said the deal will help it support newer crypto use cases such as tokenized assets and decentralized markets, including prediction platforms and perpetual futures.
“As we often say, crypto downtimes are the time to build and this acquisition reflects that long-term approach,” said eToro’s co-founder and CEO Yoni Assia.
Zengo, founded in 2018, offers features including token swaps, staking and fiat onramps. It reports more than 2 million users globally. Its wallet will remain separate from eToro’s regulated services, with users interacting directly with third-party protocols, according to Wednesday’s announcement.
The acquisition is subject to closing conditions. An eToro spokesperson told CoinDesk terms of the deal aren’t being disclosed though Bloomberg reported it to be worth around $70 million.
Key Takeaways
- Wang Hao, Tesla China’s president, identified GigaShanghai as a critical facility for achieving large-scale Optimus production
- This represents the initial public confirmation from Tesla leadership regarding Shanghai’s involvement in humanoid robot assembly
- The Shanghai facility manufactured 851,000 vehicles during 2025, representing over half of Tesla’s worldwide production volume
- Tesla’s Fremont facility is simultaneously being repurposed for humanoid robot assembly operations
- Elon Musk’s compensation structure requires delivery of one million Optimus units before 2035
Tesla’s Chinese manufacturing powerhouse may expand beyond automotive production. On Tuesday, Wang Hao, president of Tesla China, revealed that the Shanghai Gigafactory possesses the capabilities to manufacture Optimus humanoid robots and could become instrumental in ramping up production volumes.
Wang described GigaShanghai as the “golden key” for overcoming mass production obstacles related to Optimus — representing the first instance of a Tesla executive publicly identifying Shanghai as a prospective robotics manufacturing location.
According to Wang, the facility can “shoulder important responsibilities in manufacturing all new products, including robots,” and he conveyed optimism about “welcoming the arrival of a new era of robots.”
Wang stopped short of clarifying whether Tesla plans to repurpose current Shanghai infrastructure or construct dedicated robotics facilities.
GigaShanghai stands as Tesla’s most expansive and efficient manufacturing operation. Throughout 2025, the plant delivered approximately 851,000 vehicles — accounting for 52% of the company’s worldwide production. During Q1 specifically, the facility’s deliveries jumped 23.5% compared to the previous year, reaching 213,398 vehicles and comprising 59.6% of Tesla’s quarterly global production.
The Shanghai operation currently manages both Model 3 and Model Y assembly for Chinese customers and international markets. Additionally, the facility launched Megapack battery production in the previous year, with targets set at 10,000 units per year.
Shanghai’s Strategic Manufacturing Advantages
The Chinese facility offers multiple strategic benefits for robotics production: cutting-edge automation systems, experienced labor force, and proximity to extensive supplier ecosystems. These elements align precisely with requirements for complex humanoid robot manufacturing at industrial scale.
Elon Musk has openly recognized the challenges inherent in scaling Optimus production. However, GigaShanghai’s established operational framework provides Tesla with significant foundational advantages.
Optimus represents Tesla’s vision for an accessible, functional humanoid robot — positioned at $20,000 to $30,000 price points. The robot operates on a 2.3 kWh battery system, features bipedal locomotion, reaches maximum speeds near 5 mph, and incorporates dexterous hands capable of precision manipulation.
Simultaneously, Tesla is transforming its Fremont manufacturing complex — previously the production home for Model S and Model X vehicles, both discontinued — into a specialized humanoid robot assembly center.
Musk’s recently approved compensation arrangement, potentially valued up to $1 trillion, hinges on achieving delivery of one million Optimus robots by 2035. This performance benchmark explains the accelerated push toward production scaling.
Competitive Landscape in Robotics
Musk has been candid regarding Tesla’s primary robotics competitor. During January’s earnings discussion, he identified China as “by far the biggest competition” in the humanoid robot sector, praising the nation as “incredibly good at scaling manufacturing.”
He further asserted that Tesla’s Optimus remains “much more capable than any robot we are aware of under development in China,” though recognizing advancements from competitors including XPeng, which targets 1,000 IRON robot units monthly and envisions one million yearly sales by 2030.
Government-backed manufacturers Changan and Chery are similarly pursuing humanoid robot development. Nio has adopted a more cautious approach, stating it will delay robotics investment until achieving consistent financial profitability.
Current Wall Street consensus rates TSLA as Hold, reflecting 13 Buy recommendations, 11 Hold ratings, and 6 Sell opinions across the most recent three-month period. Analysts’ average price target stands at $402.29, suggesting approximately 10.5% potential appreciation.
Key Highlights
- Taiwan Semiconductor posts Q1 2026 results April 16, prior to market open.
- Analysts project EPS at $3.30, representing 50%+ growth versus prior year, with revenue estimates at $35.35 billion.
- The chipmaker pre-announced Q1 sales of $35.76 billion, marking a 35% YoY increase and surpassing Wall Street predictions.
- Implied volatility from options indicates approximately 5% movement post-earnings.
- New street-leading target of $600 issued by Aletheia Capital, with unanimous Buy recommendations from seven monitored analysts.
Taiwan Semiconductor Manufacturing (TSM) prepares to unveil its first-quarter 2026 financial results this Thursday, April 16, during pre-market hours. The announcement carries significant weight across the semiconductor industry, reflecting TSMC’s position as the globe’s dominant foundry chipmaker.
Taiwan Semiconductor Manufacturing Company Limited, TSM
The foundry giant has already provided preliminary revenue data. Last Friday, TSMC disclosed first-quarter sales totaling 1.13 trillion New Taiwan Dollars—approximately $35.76 billion—representing a 35% year-over-year increase that exceeded Wall Street projections. This advance disclosure has established an optimistic backdrop for Thursday’s comprehensive earnings announcement.
Financial analysts anticipate earnings per share of $3.30, marking growth exceeding 50% compared to the same quarter in 2025. The revenue consensus stands at $35.35 billion, though the previously disclosed sales figure has already surpassed this threshold.
Wall Street Elevates Price Projections Before Results
Stefan Chang of Aletheia Capital established a fresh industry-leading price objective of $600, elevated from a previous $500 target, while reaffirming his Buy recommendation. Chang highlighted TSMC’s aggressive capacity buildout initiatives and accelerated deployment of cutting-edge chip packaging solutions. His analysis anticipates the majority of additional production capability becoming operational during 2027 and 2028, with immediate-term sequential revenue expansion projected between 8% and 10%.
Haas Liu from Bank of America similarly increased his price objective to NT$2,530 from NT$2,360, maintaining his Buy stance. Liu emphasized robust appetite for high-performance computing processors and artificial intelligence chips, forecasting Q2 revenue growth of 7% to 9% on a sequential basis.
Every analyst currently covering the stock—seven in total tracked by Visible Alpha—advises purchasing shares. The mean price target of $423.50 suggests potential appreciation of approximately 14.6% from present trading levels.
TSM shares have climbed more than 20% since the beginning of the year and have surged over 137% across the trailing twelve months.
Derivatives Market Anticipates ~5% Post-Earnings Movement
Options market activity indicates traders are preparing for TSMC stock volatility of roughly 4.83% to 5% in either direction following the quarterly disclosure. Using Monday’s closing price as a baseline, this positions the upward target near $386—approaching February peak levels—while the downside zone sits around $353.
Wedbush analysts observed Friday that the robust first-quarter sales performance reinforces sustained artificial intelligence demand trends. They additionally highlighted the figures as potentially favorable indicators for TSMC’s two largest clients, Nvidia (NVDA) and Apple (AAPL).
The company’s projected first-quarter earnings stand at 20.73 New Taiwan Dollars, equating to roughly 65 cents per American depositary share.
TipRanks assigns TSMC a Strong Buy consensus rating, derived from six Buy recommendations and one Hold rating issued within the past three months.
South Korean insurance giant Kyobo Life is moving to modernize its fixed-income operations through a new partnership with Ripple to tokenize government bonds.
Summary
- Kyobo Life Insurance has partnered with Ripple to implement a digital custody platform for tokenizing and settling South Korean government bonds.
- The collaboration utilizes blockchain technology to facilitate near real-time settlement cycles and reduce the risks associated with manual bond processing.
According to a company statement released Wednesday, the collaboration focuses on integrating Ripple Custody to manage the digital holding, transfer, and settlement of these assets.
The move signals an effort to transition away from traditional manual bond processing in favor of a blockchain-based infrastructure. By moving these transactions onto a digital ledger, the firms expect to collapse settlement times from the standard two-day period to nearly real-time execution.
Fiona Murray, Ripple’s managing director for Asia Pacific, noted that the partnership demonstrates that institutional-grade digital asset infrastructure is “available, proven, and ready to deploy in Korea today.”
Beyond bond settlement, the two companies are exploring the use of stablecoin-based payment rails. This secondary phase would facilitate 24/7 transaction capabilities, potentially lowering counterparty risks and helping the insurer manage capital more efficiently.
Ripple has maintained a steady pace of expansion across the Asia-Pacific region, leading up to this deal.
The firm recently moved to acquire BC Payments to obtain an Australian Financial Services License and partnered with Singapore’s central bank on the BLOOM initiative. The pilot uses the XRP Ledger and the dollar-pegged RLUSD stablecoin to test programmable cross-border trade settlements.
The utility of XRP is also seeing increased traction in the retail sector through a new integration with Japanese e-commerce leader Rakuten.
On Wednesday, Rakuten Wallet added XRP as both a tradable asset and a functional payment method.
Users in Japan can now convert Rakuten Points into XRP or use the cryptocurrency to fund Rakuten Cash balances for spending at various merchants.
Despite these infrastructure developments, XRP’s market price dipped 1.5% over the last day to $1.35, maintaining its position as the fifth-largest cryptocurrency with a market capitalization of roughly $83.2 billion.
Ethereum (ETH) has outperformed the broader market and all top-10 large-cap digital assets over the past month, gaining more than 12% amid war-driven macro volatility reshaping capital flows.
Several analysts have now pointed to three distinct signals that paint a bullish picture for Ethereum’s price heading into the second half of April.
Ethereum Record Network Activity Meets Depressed Prices
Leon Waidmann, head of research at Lisk, highlighted that the Ethereum mainnet recorded 3.62 million transactions on April 12. That figure marks the first time the network has processed more than 3 million transactions in a single day.
According to Waidmann, daily transactions have trended higher since November 2025. The baseline shifted from roughly 1.5 million to approximately 2.5 million over the past six months.
Combined with 284,000 new users in Q1 and a record stablecoin supply, these metrics point to sustained organic growth on Ethereum’s base layer.
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Meanwhile, staking infrastructure provider Everstake noted that ETH still trades more than 50% below its all-time high despite strong network activity. Thus, the price reflects a wide gap between network usage and market valuation.
“This creates a notable divergence, because network activity is at peak levels, while price has yet to fully reflect that strength. Historically, such gaps tend to narrow over time,” the post read. “Ethereum stands on one of the strongest foundations it has ever had – record usage, a deeply established ecosystem, and continuous progress in scaling and development. In many ways, this highlights a simple dynamic: price often follows fundamentals, not the other way around. And the fundamentals are already in place.”
Technical Indicators Flash Bullish Signals
On the technical side, analyst Crypto Patel pointed to the Ethereum Rainbow Chart, a logarithmic regression tool that maps long-term valuation bands. According to Patel,
“The Ethereum Rainbow Chart is saying one simple thing right now. It’s cheap. Not ‘okay to buy.’ Not ‘maybe wait.’ Not ‘hold and hope.’ Just cheap.”
He noted that ETH has only entered this band twice before, and both times it reached the upper “Take Profit” range within 18 months.
Separately, analyst Ash Crypto highlighted a confirmed weekly MACD bullish crossover. The Moving Average Convergence Divergence indicator tracks momentum shifts on longer timeframes.
According to Ash Crypto, the previous two weekly MACD crosses on ETH preceded rallies of 183% and 75%, respectively.
With ETH trading near $2,346 as of April 14, a 183% rally from current levels would place the asset around $6,639, while a 75% move would target approximately $4,105. Whether the current confluence of on-chain strength and technical signals translates into sustained price action will likely depend on broader macro conditions through Q2.
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The post 3 Bullish Signals Suggest Ethereum May Be Undervalued in April appeared first on BeInCrypto.
A new social engineering scheme is leveraging the Obsidian note-taking app to deploy stealthy malware targeting cryptocurrency and finance professionals.
Summary
- Scammers are using LinkedIn and Telegram to trick crypto professionals into downloading malicious Obsidian plugins that deploy a remote access trojan.
- Elastic Security Labs discovered that the undocumented PHANTOMPULSE malware uses three different blockchain networks to receive commands and maintain persistence.
- Security researchers recommend that financial firms implement strict application-level plugin policies to prevent legitimate productivity tools from being exploited.
Elastic Security Labs released a report Tuesday detailing how attackers use “elaborate social engineering on LinkedIn and Telegram” to bypass traditional security by hiding malicious code within community-developed plugins.
The campaign specifically targets individuals in the digital asset space, capitalizing on the permanent nature of blockchain transactions. This vulnerability is particularly acute given that wallet compromises accounted for $713 million in stolen funds during 2025, according to Chainalysis data.
The infiltration begins with scammers posing as venture capital representatives on LinkedIn to initiate professional networking. These conversations eventually transition to Telegram, where the attackers discuss cryptocurrency liquidity solutions to build a “plausible business context.”
Once trust is established, targets are invited to access what is described as a company database or dashboard hosted on a shared Obsidian cloud vault.
Opening the vault serves as the initial access vector. The victim is directed to enable community plugin synchronization, which triggers the silent execution of trojanized software.
While the technical execution varies slightly between Windows and macOS, both paths result in the installation of a previously unknown remote access trojan (RAT) named PHANTOMPULSE.
This malware is designed to grant attackers full control over the infected device while maintaining a low profile to avoid detection.
PHANTOMPULSE maintains its connection to the attackers through a decentralized command-and-control (C2) system that spans three different blockchain networks.
By using on-chain transaction data tied to specific wallets, the malware can receive instructions without a central server.
“Because blockchain transactions are immutable and publicly accessible, the malware can always locate its C2 without relying on centralized infrastructure,” Elastic noted.
The use of multiple chains ensures the attack remains resilient even if one blockchain explorer is restricted. This method allows the operators to rotate their infrastructure seamlessly, making it difficult for defenders to sever the link between the malware and its source.
Elastic warned that by abusing Obsidian’s intended functionality, the hackers managed to “skirt traditional security controls entirely.”
The firm suggests that organizations operating in high-risk financial sectors should implement strict application-level policies for plugins to prevent legitimate productivity tools from being repurposed as entry points for theft.
Bitcoin touched $76,000 and flinched. The king reversed sharply from the long-standing key resistance level and slid back below $74,000. Is this a brief consolidation before a breakout? The top of a dead-cat bounce? The answer may already be hiding in the Bitcoin derivatives data, and we are here with a short-term price prediction.
Funding rates on Binance’s bitcoin perpetuals have remained negative for 11 consecutive periods, despite the recent rally, indicating traders are still leaning short as prices push higher. The 30-day average funding rate has now stayed negative since the end of January, a streak last matched after the FTX collapse in late 2022, which ultimately marked the cycle bottom.
Open interest has been rising, showing that fresh short positions are being added. Historically, this combination has preceded sharp, violent squeezes to the upside.
Meanwhile, traditional markets offered a jarring contrast: the Nasdaq closed at session highs, up 2%, while the S&P 500 sat within a handful of points of a new all-time high. Bitcoin remains roughly 40% below its own record of $126,000, a gap of both risk and opportunity.
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Bitcoin Price Prediction: $90,000 Short Term Target?
Bitcoin just fell below $74,000, posting a 1% daily drop after rejecting hard at $76,000, a level that has acted as a ceiling for more than two months.
Technically is not bearish just yet. The $76,000 level is the immediate hurdle; a clean close above it would open the door to $80,000–$82,000, a zone flagged by multiple analysts as the next meaningful resistance cluster. That $80K resistance band has been well-documented as the next test for bulls attempting to extend the recovery.
The short squeeze will be triggered above $75,500 with a current top blow at $76,000, which can push BTC toward $85,000–$90,000 over the next 2–3 weeks as overleveraged shorts are forced to cover. But a breakdown below $70,000 on high volume invalidates the recovery thesis and reopens a retest of the $65,000 support zone.
The 46-day negative funding streak is the most compelling data point in the market right now. If history rhymes with 2022, the pain trade is higher, and it could move fast.
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Bitcoin Hyper Aims Early Mover Upside as Bitcoin Battles Resistance
A confirmed breakout at this stage would funnel renewed capital into the Bitcoin ecosystem broadly, but spot BTC at $73,500 leaves limited percentage upside compared to where it was years ago. Traders looking for asymmetric exposure within the Bitcoin narrative are increasingly scanning infrastructure plays that can move independently of BTC’s near-term range.
Bitcoin Hyper ($HYPER) is positioning directly in that gap. The project claims to be the first-ever Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration, targeting Bitcoin’s three core limitations, such as slow transactions, high fees, and the absence of programmable smart contracts, while preserving the underlying security of the Bitcoin network.
The pitch is technical, but the numbers are hard: the presale has raised beyond $32 million at a current token price of just $0.0136, with staking available at a high 36% APY for early participants. Sub-second finality on a Bitcoin-secured layer is a compelling infrastructure proposition to deliver.
For traders who want more than a leveraged BTC play, research Bitcoin Hyper’s presale terms here before the current pricing tier closes.
The post Bitcoin Price Prediction: Pulling Back but $90K Still in Sight appeared first on Cryptonews.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
XRP volatility drives demand for alternative income models like cloud-based crypto platforms.
Summary
- XRP trades range-bound as investors explore alternative income strategies amid rising crypto volatility
- KT DeFi promotes cloud mining with renewable energy and multi-asset income distribution model
- The platform aligns with global regulations, citing FATF, SEC, and MiCA compliance in crypto operations
With increased volatility in the cryptocurrency market recently, the price of XRP has shown clear range-bound fluctuations. As market sentiment continues to shift, more and more investors are asking: in such conditions, is it possible to achieve a daily income of over $5,000?
KT DeFi’s cloud computing platform integrates green renewable energy mining facilities, intelligent computing power allocation, and a multi-asset revenue distribution system, creating an efficient and low-barrier model for participating in digital computing.
Users do not need to purchase mining equipment or bear electricity and maintenance costs, yet can easily achieve daily earnings of over $5,000.
The platform utilizes renewable energy sources such as solar, wind, and hydropower to support its computing infrastructure. This helps optimize long-term operating costs while enhancing transparency and sustainability.
How to get started
1. Register an account
Visit the official KT DeFi website and complete account registration. New users can receive a $17 bonus.
2. Deposit Digital Assets
Transfer funds from a crypto wallet or exchange into the KT DeFi account. The platform supports deposits and withdrawals of major cryptocurrencies, including BTC, XRP, and DOGE.
3. Choose Smart Contracts to Start Earning
Select a suitable smart contract based on your budget. Once activated, the contract begins generating returns, which are settled every 24 hours.
Example Contracts
- New User Exclusive – 2 days – Principal + Return = $100 + $8
- Canaan Avalon A1466 – 10 days – Principal + Return = $1,000 + $141
- Bitmain Antminer L7 – 20 days – Principal + Return = $5,000 + $1,510
- Whatsminer M56 – 32 days – Principal + Return = $30,000 + $16,224
- ANTSPACE MD5 – 45 days – Principal + Return = $100,000 + $84,150
For more details, please visit the official KT DeFi website.
KT DeFi: International regulatory framework and high governance standards
As major global financial regulators strengthen oversight of digital assets, including:
- Financial Action Task Force (FATF) compliance requirements for Virtual Asset Service Providers (VASPs)
- Increased regulation and disclosure standards from the U.S. Securities and Exchange Commission (SEC)
- The European Union’s Markets in Crypto-Assets (MiCA) regulatory framework
KT DeFi claims full compliance with these standards. Its cloud mining business model follows international AML (Anti-Money Laundering), KYC (Know Your Customer), and risk-based management principles to align with regulatory trends across major jurisdictions.
Conclusion
In today’s complex and rapidly changing market environment, XRP investors can explore multiple strategies to generate returns. Among them, KT DeFi is presented as one of the best available options.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
The US dollar remains under pressure, testing key support levels amid expectations of easing geopolitical tensions. The market continues to price in the possibility of renewed negotiations between the US and Iran, reducing demand for the dollar as a safe-haven asset and supporting riskier instruments. Against this backdrop, currency pairs are showing heightened sensitivity to news flow and expectations regarding further developments.
An additional source of pressure on the dollar is the decline in US Treasury yields, which is driving a reassessment of Federal Reserve policy expectations. Market participants are weighing the likelihood of policy easing, while upcoming US macroeconomic data — including business activity indicators, import prices, and housing statistics — could adjust current expectations and set the direction for further moves.
USD/JPY
USD/JPY is moving lower, pressured by a weaker dollar and falling US yields. Despite the yen’s safe-haven status, current price action is largely driven by dollar dynamics and rate expectations. The move towards support reflects a market balance where pressure on the dollar outweighs demand for defensive assets.
A break of key levels could extend the decline, although stabilisation in yields may trigger a corrective rebound. Technical analysis suggests a potential retest of 158.60. A sustained move above 159.40 would be needed to signal a return of buying interest in the dollar.
Key events for USD/JPY:
- today at 15:30 (GMT+3): NY Empire State Manufacturing Index (US);
- today at 15:30 (GMT+3): speech by Federal Reserve Vice Chair for Supervision Michael S. Barr;
- today at 20:45 (GMT+3): speech by FOMC member Michelle Bowman.
USD/CAD
USD/CAD is showing a more pronounced decline. Sellers have broken below the key 1.3800 support level, pushing the pair down towards 1.3730. A sustained move below current levels could open the way for further downside towards 1.3670–1.3700.
At the same time, profit-taking and anticipation of incoming data may lead to temporary consolidation within the 1.3730–1.3800 range. The pair remains highly sensitive to oil price fluctuations and shifting rate expectations.
Key events for USD/CAD:
- today at 15:30 (GMT+3): Canadian wholesale sales;
- today at 17:30 (GMT+3): US crude oil inventories;
- today at 21:00 (GMT+3): Federal Reserve Beige Book.
Current dynamics in USD/JPY and USD/CAD reflect a mix of geopolitical expectations, declining yields, and ongoing pressure on the dollar. Testing key support levels increases the likelihood of both continued downside in case of a break and a corrective rebound if stronger US macroeconomic data emerges.
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