Kickstart July 10. The USD is mostly lower with the USDJPY leading the way

433505 July 10, 2026 Forexlive Latest News 3 min read Market News

The USDJPY is down by -0.32% and leads the way lower in the USD. Having said that, the EURUSD, is trading above and below unchanged. The GBPUSD is up 0.10% (lower USD). Other currencies are marginally higher vs the greenback with perhaps the exception of the NZD which is up 0.23% as the aftermath of the RBNZ rate rise this week. In the video above, I take a look at the EURUSD, USDJPY and GBPUSD from a technical perspective to kickstart the North American trading day. What the charts are telling us, is important for your trading.The yen strengthened against the dollar after comments from Japan’s Finance Minister signaled a coordinated effort to support domestic financial markets while reinforcing expectations for gradually higher Japanese interest rates. Katayama said the government will encourage the Government Pension Investment Fund (GPIF) and other pension funds to increase investments in Japanese assets, while also expanding Japanese government bond (JGB) products for households. The prospect of stronger domestic demand for Japanese bonds, combined with expectations for rising rates, helped support the yen by making Japanese assets more attractive and reinforcing the view that capital could increasingly remain at home rather than flow overseas. As a result, USDJPY moved lower as traders bought the yen on the expectation of a more supportive domestic investment environment and a continued normalization of Japan’s interest rate policy.In the middle east, a fragile calm has returned to the Middle East after two days of deadly U.S.-Iran strikes, with mediators working to revive diplomatic efforts. A U.S. official said Washington remains committed to negotiations with Tehran, and technical talks are continuing despite the recent escalation. Meanwhile, shipping through the Strait of Hormuz has fallen sharply, adding fresh pressure to global energy markets already strained by severe supply disruptions. In Gaza, large crowds gathered to mourn an aid worker who organized World Cup screenings and was killed in an Israeli airstrike.The European inflation data released this morning offered little in the way of surprises. Germany’s final CPI came in at -0.3% m/m, exactly matching expectations and the preliminary estimate, reinforcing the view that inflation pressures eased during the month. France’s final CPI was revised to -0.3% m/m, slightly weaker than the -0.2% consensus, suggesting a modestly softer inflation backdrop than initially expected. Overall, the final CPI releases do little to alter the broader inflation outlook for the euro area and are unlikely to change expectations for ECB policy.The market’s attention now shifts to Canada’s employment report at 8:30 AM ET, which is expected to be the day’s major market-moving event. Economists forecast 11.2K job gains following last month’s much stronger 87.8K increase, while the unemployment rate is expected to hold steady at 6.6%. Canada will also release building permits, with forecasts calling for a 1.0% monthly increase after a 7.6% decline previously. The employment figures are likely to be the primary driver for the Canadian dollar, as traders assess whether labor market conditions remain firm enough to support the Bank of Canada’s current policy stance.The US stocks are lower in pre-market . The futures are implying

Dow industrial average is up 125 points
S&P index -8.29 points
NASDAQ index -88 points

The Kospi be index out of South Korea rose 2.52% to close out the week. For the week, the index tumbled -7.57%. Last week the index fell -3.84%, and the week before it fell -7.08%.

Looking at the US debt market, yields are marginally higher: