We are observing increased volatitlity on the FX market mostlikely caused by the month-end fixing flows. It seems that there is no fundamental news behind these big moves in the market.
The British pound hit $1.26. Source: xStation5

The Euro jumped to $1.0972 . Source: xStation5

We can observe large movements especially in yen crosses. GBY / JPY soared 150 pips. Source: xStation5
Hot inflation data from the US🔥📈 PPI and retail sales are rising!
🚨Morning Wrap: A weaker dollar, strong gold, and a tech sector in free fall—what’s driving the market❓
US inflation concerns rise
US CPI above expectations!🔥📈