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USD is testing its highs from 2026, with key levels cited for EURUSD at 1.1500 and USDJPY facing resistance.
James Stanley highlights a strong correlation between major foreign exchange pairs and oil prices, suggesting that despite upcoming data releases, broader macro forces are currently taking precedence in driving FX markets.
The current dynamics in FX markets underscore themes James Stanley has addressed in his analysis of the USD/CAD breakout, where technical levels played a pivotal role in market direction. This perspective also aligns with his coverage of USD/JPY movements amid Ministry of Finance caution, reinforcing how policy considerations and macro factors continue to shape major currency pairs.