DXY: Return of safe haven – OCBC

US Dollar (USD) fell overnight as US PPI data underwhelmed. DXY was last at 98.32 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Daily momentum is mild bearish bias

"But USD rebounded this morning, alongside other safe-haven proxies, including CHF, JPY and gold on geopolitical escalation. Israel attacks on Iran also saw >10% jump in brent. "

"Not surprisingly, risk proxies including AUD and KRW traded on the backfoot. Iran has indicated that they will respond 'harshly'. Geopolitical noises may temporarily distort the USD downtrend and temporarily weigh on risk proxies especially heading into the weekend."

"Daily momentum is mild bearish bias while RSI shows signs of rising from near oversold conditions. Support at 97.60 (overnight low). Resistance at 99.30 (21 DMA), 99.80 levels (50 DMA)."

Jun 13, 2025

EUR/USD: The levels to watch are 1.1640 and 1.1700 – UOB Group

Conditions are deeply overbought; any further advance is likely part of a higher range of 1.1530/1.1640. In the longer run, EUR is likely to continue to rise; the levels to watch are 1.1640 and 1.1700, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD/JPY jumps to near 144.00 while both currencies advance amid Middle East tensions

The USD/JPY pair climbs to near 144.00 during European trading hours on Friday after recovering early losses. The pair strengthens as the US Dollar (USD) outperforms across the board amid growing war tensions between Israel and Iran.