Forex Today: Global tech selloff weighs on market mood | FXStreet

Forex markets entered a cautious Friday, June 26 as a global selloff in technology weighed on risk sentiment. Asian equities posted heavy losses, pulling Nasdaq futures down more than 1% in early European trade, while South Korea’s KOSPI fell about 8% and Japan’s Nikkei 225 dropped 4.5%. Currency moves stayed restrained: the US Dollar Index held slightly below 101.50 and EUR/USD stabilized above 1.1350, with USD/JPY trading in a narrow band above 161.50. In the US, the BEA reported May PCE inflation rose 4.1% year-on-year, matching expectations, and durable goods orders fell 4.5% month-on-month. Fed influence remained hawkish after Chicago President Austan Goolsbee’s inflation-focused remarks supported the dollar. Meanwhile, Japan’s Tokyo CPI rose to 1.7% year-on-year.