Australia Consumer Inflation Expectations increased to 5.9% in April from previous 5.2%

Apr 16, 2026

Pound Sterling receives support as Middle East tensions ease

GBP/USD has rebounded from the modest losses recorded in the previous day, hovering near 1.3570 during Asian trading hours on Thursday. The pair advances as market sentiment improves, driven by expectations of a potential de-escalation in the Middle East conflict.

Japanese Yen edges higher on intervention fears; USD/JPY eyes weekly low on weaker USD

The USD/JPY pair struggles to capitalize on the previous day's modest gains and meets with a fresh supply during the Asian session on Thursday. Spot prices drop to the 158.70-158.65 region in the last hour and remain close to the weekly trough, touched on Tuesday amid a bearish US Dollar (USD).