Forex Market Update Asia Session: USD Holds Firm as AUD Eyed

Session brief Neutral bias Sep 24, 2026, 00:33 UTC

Daniel TanAsia-Pacific Market Analyst · ForexR analyst

The US Dollar maintains its footing across major pairs during the Asia session, keeping the Australian Dollar under pressure before today's employment release.

US Dollar Steady Across Major Pairs in Asia Trading

The US Dollar continues to hold its ground during the Asia session, keeping the broader foreign exchange market in consolidated ranges. Bitcoin leads the session with a gain of 0.12%, while Gold follows with an incremental increase of 0.08%. On the other side of the ledger, Ethereum has registered a decline of 2.34%, while WTI Crude Oil has slipped 1.26%. This mixed landscape follows a significant shift in the fixed income space, where US Treasury yields closed on September 23, 2026, with the 2-year yield at 4.85% after rising 14 basis points, and the 10-year yield finishing at 5.11% after a 15 basis point advance.

Major Instrument Performance Overview

The following table outlines the current exchange rates and trends across primary currency pairs, commodities, and digital assets during early Asia hours.

Key Setups: AUD/USD and USD/JPY Pivot Zones

AUD/USD is trading at 0.70323 with a mixed daily trend and a downward H4 trend. Traders evaluating these levels can utilize our pivot point calculator to map intraday support and resistance. A move back above the daily pivot at 0.70597 would turn focus toward R1 at 0.70947. Conversely, if price remains capped below the pivot, a break under S1 at 0.7002 would open the way for deeper downside testing.

USD/JPY is hovering at 158.159, backed by a mixed daily trend and an upward H4 trend. The nearest daily pivot is marked at 157.976. A sustained push above this pivot could expose R1 at 158.685, while sliding back below 157.976 would shift the short-term target toward S1 at 157.576.

EUR/USD remains in a dual downward trend across daily and H4 timeframes, currently priced at 1.1378. A move above the daily pivot of 1.14001 would be required to alleviate short-term selling pressure. If sellers remain dominant, a drop below S1 at 1.13498 would signal a continuation of the prevailing trend.

Federal Reserve Repricing Dominates Newsflow

Expectations of a hawkish policy stance from the Federal Reserve have been a dominant theme across major financial media. According to reports by Forexcom and FX Street, expectations of sustained interest rates have renewed US Dollar strength, which has in turn weighed heavily on precious metals. Analysts at FXEmpire report that Gold is testing critical support zones during this pullback before any potential structural trend reversal can take shape.

High-Impact Employment Data and Speeches Highlight the Session

The primary volatility catalyst today is the Australian employment release scheduled for 01:30 UTC. The market estimates the Employment Change s.a. will print at 20, up from the previous contraction of -15.8, while the Unemployment Rate s.a. is expected to come in at 4.5. Later today, Germany's IFO Business Climate index is due at 08:00 UTC, with a projected print of 89 compared to the previous 88.8.

Central bank speeches are also heavily represented today. ECB member Schnabel speaks at 07:15 UTC, followed by the Fed's Williams at 08:10 UTC and the ECB's Lane at 09:00 UTC. The Bank of England's Breeden and Dhingra are also scheduled to speak today at 09:30 UTC, ahead of US Initial Jobless Claims at 12:30 UTC.

The Bottom Line

With mixed daily trends across key currency pairs, the immediate directional bias remains neutral as the market awaits high-impact economic data. Traders can monitor real-time momentum using our live currency strength meter or explore our latest market analysis for deeper technical setups.