Executive Summary
The forex market shows bullish momentum in USD/JPY, EUR/JPY, and USD/INR, fueled by strong US economic data, Yen weakness, and Rupee pressure. Meanwhile, NZD/USD faces bearish sentiment, and GBP/JPY trades sideways.

Recommendation:

Buy: USD/JPY, EUR/JPY

Sell: NZD/USD

Neutral: GBP/JPY

Currency Pair Rankings & Outlook
USD/JPY – Rank 1/5
Fundamental Outlook: 80%

Sentiment Outlook: 85%

Rationale: Strong US economic performance, weak Japanese manufacturing PMI, and a cautious Fed tone support Dollar strength.

EUR/JPY – Rank 2/5
Fundamental Outlook: 75%

Sentiment Outlook: 80%

Rationale: Yen weakness + risk aversion + policy divergence = bullish EUR/JPY sentiment.

USD/INR – Rank 3/5
Fundamental Outlook: 70%

Sentiment Outlook: 75%

Rationale: Rising USD/INR, visa fee hikes, and delayed US-India trade talks strengthen the bullish case.

GBP/JPY – Rank 4/5 (Neutral)
Fundamental Outlook: 50%

Sentiment Outlook: 45%

Rationale: Mixed UK data + dovish BoE = sideways price action.

NZD/USD – Rank 5/5 (Bearish)
Fundamental Outlook: 30%

Sentiment Outlook: 25%

Rationale: Weak NZ growth, expectations of RBNZ rate cuts, and a strong US Dollar create heavy downside pressure.

Risk Assessment
Primary Risk: Global slowdown threatens sentiment.

Correlation Risk: US-China tensions could disrupt markets.

Volatility Potential: High – upcoming central bank meetings & key economic releases.

Trade Management Tips
Place stop-loss 5–10% below entry for USD/JPY and EUR/JPY long trades.

Monitor economic releases & Fed/BoJ/ECB moves.

Keep diversification to limit single-pair exposure.

Final Take: USD remains king against JPY and INR, but NZD/USD looks set for further downside. Traders should ride the bullish USD momentum while keeping risk tight.