Hungarian Forint Weekly Market Update
Updated 18 Jul 2026 • 23:49 GMT
The Hungarian Forint (HUF) remains under pressure amidst a broader risk-off environment in the Central and Eastern European (CEE) region, as highlighted by ING analysts. Despite recent selling pressure due to crowded long positions and profit-taking, the underlying attractiveness of Hungarian rates and currency continues to draw interest. With Hungarian inflation dropping to 1.7%, further rate cuts are anticipated in the coming months. Analysts expect EUR/HUF to maintain a trading range of 350–360, supported by seasonal carry demand.
Key watchpoints:
- Continued impact of regional risk-off sentiment on HUF and CEE FX.
- Effects of expected rate cuts on Hungarian monetary policy and currency stability.
- EUR/HUF's performance within the predicted trading range in response to economic data releases.
Japanese Yen: Intervention Concerns Amid Persistent Weakness
Updated 01 Aug 2026 • 23:47 GMT
The Japanese Yen continues to face significant downward pressure, with the USD/JPY trading near historically high levels. Despite local authority interventions, the yen remains weak, largely due to the persistence of wide interest rate differentials between the US and Japan. Expectations for further intervention are evident, especially as the yen approaches key psychological levels against the dollar. Analysts suggest that without significant changes in energy prices or a shift in the Federal Reserve's monetary stance, interventions may only temporarily stem the yen's decline.
Key watchpoints
- Monitoring potential interventions by Japanese authorities to stabilize the yen.
- Observing US Federal Reserve policy for signs of changes that could impact rate differentials.
- Watching energy price trends, which could influence the yen's valuation amidst intervention actions.