The Japanese yen pared earlier losses on Monday, trading around 154.62 per dollar after last week�s sharp selloff. The currency had fallen nearly 1% on Friday following President Trump�s nomination of Kevin Warsh as the next Federal Reserve chair, a move seen as reinforcing a stronger dollar. Pressure on the yen was compounded by Prime Minister Sanae Takaichi�s comments endorsing the benefits of a weaker currency for exporters, while investors brace for volatility ahead of the February 8 snap election. Expectations of fiscal stimulus continue to weigh on the yen and government bonds, even as the Bank of Japan held its policy rate at 0.75%, keeping borrowing costs at their highest level since 1995.Powered by Capital Market - Live News

US dollar index speculators reduced net short position, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of US dollar index futures, traded by large speculators and hedge funds, totaled a net short position of 4405 contracts in the data reported through January 27, 2026, showing an decrease of 2013 net short positions compared to the previous week.Powered by Capital Market - Live News

The Indian rupee is staying almost flat against the dollar in opening trades on Monday tracking dollar strength overseas. Meanwhile, not very encouraging cues from equities are also contributing to the decline. Benchmark indexes Sensex and Nifty both fell over 2 percent on Sunday during the special weekend trading session after Finance Minister Nirmala Sitharaman announced a hike in the securities transaction tax (STT) on futures and options in her Budget 2026 speech. Today, INR opened at Rs 91.95 per dollar and recovered to a high of 91.71 so far during the day. On Friday, rupee ended at 91.93/$. Powered by Capital Market - Live News

The dollar index climbed above 97 mark late on Friday after President Trump�s nomination of Kevin Warsh to succeed Jerome Powell as Federal Reserve chair. The newly nominated Fed chair is viewed as more hawkish as against Trump�s earlier want for someone who would support lower interest rates. The dollar index that measures the greenback against a basket of currencies last traded at 97.03, up 0.75% on the day. For January, the dollar fell 2%, its worst monthly performance since June. In response to Trump�s decision, Fed Governor Stephen Miran said that he is really excited to see the good work he believes Kevin Warsh will do as Fed Chair after being nominated by President Donald Trump. Meanwhile, Fed�s Bostic said that inflation is too high and needs to come down, and that the Fed should be more patient for now. Among basket currencies, EUR/USD and GBP/USD closed lower by 0.7% in line with dollar strength at $1.1875 and $1.3683 respectively. Powered by Capital Market - Live News

Rupee closed higher at 92.0400 per Dollar on Friday (30 January 2026), versus its previous close of 92.1500 per Dollar.Powered by Capital Market - Live News