The Japanese yen rose in the Asian market on Thursday against a basket of global currencies, moving into positive territory against the US dollar, supported by weakness in the greenback in foreign exchange markets as bets increased on a Federal Reserve rate cut in September.

To reprice the odds of a potential 25-basis-point rate hike by the Bank of Japan in September, investors await key Japanese economic data on Friday, which will provide stronger evidence on the path of monetary policy normalization for the remainder of the year.

Price Overview

The dollar fell against the yen by 0.2% to 147.08¥, from the opening level of 147.39¥, recording a high of 147.49¥.

The yen ended Wednesday’s session down by less than 0.1% against the dollar, its second loss in three days, amid correction and profit-taking from near two-week highs.

US Dollar

The dollar index fell by about 0.15% on Thursday, extending losses for a third straight session, reflecting continued weakness of the greenback against a basket of major and minor currencies.

The decline came as the US 10-year Treasury yield dropped to a two-week low, with traders increasingly pricing in a Fed rate cut next month.

Federal Reserve member John Williams noted that the September meeting would be “open” to a rate cut decision. Williams said: “The risks are more balanced—we just have to wait and see how the data evolves.”

Traders currently price about an 87% probability of a 25-basis-point Fed cut next month, with cumulative easing of 56 basis points expected by year-end.

Japanese Interest Rates

Bank of Japan Governor Kazuo Ueda said at Jackson Hole that wage increases are extending beyond large companies and are likely to continue accelerating due to tightening labor market conditions.

These comments reinforced market expectations for the BOJ to resume rate hikes soon, after pausing following January’s increase. Traders currently see October as the more likely meeting for the next hike.

Pricing of a 25-basis-point BOJ hike in September is currently steady around 45%.

To reprice those odds, investors are awaiting key Japanese economic data on Friday, including Tokyo core inflation, retail sales, and unemployment.

With over 250 top-tier companies confirmed, the 8th edition solidifies its standing as a leading global trading event connecting the forex industry across MENA and beyond.

Dubai, UAE  [28 July 2025] – The 8th edition of Forex Expo Dubai is nearing full capacity, with over 250 top-tier forex and fintech brands already confirmed to exhibit. Taking place on 6–7 October 2025 at the Dubai World Trade Centre, the expo has become the go-to meeting place for industry players aiming to scale their presence across the Middle East, Africa, and beyond — serving as a gateway to unmatched exposure, powerful networking, and direct access to thousands of traders, investors, and brokers from around the globe.

From its debut in 2019 with just 50 exhibiting companies, Forex Expo Dubai has experienced phenomenal growth, transforming into one of the world’s most influential forex & trading events. Today, it stands as one of the largest forex gatherings globally, offering brands the opportunity to drive real business outcomes through high-impact engagement and expanded visibility across priority trading markets worldwide.

Top-tier participants already confirmed for this year’s edition include ADSS, Alpari, CFI Financial Group, CXM, Eightcap, Exness, IC Markets, Ingot, JustMarkets, Kanak Capital Markets, Traze, Valetax, Vantage, VT Markets, xChief, XM, XS.com among others— reinforcing the event’s credibility and continued upward trajectory. 

With a surge in space requirements driven by strong demand from key industry players, the 2025 edition of Forex Expo Dubai is now entering its final phase of stand confirmations. 

Commenting on the strong momentum, Niyaz Mohamed, Commercial Director at HQ MENA - organizers of Forex Expo Dubai, stated:  

“Each year, we witness a surge in demand as leading global players recognize the tangible business value and networking reach that Forex Expo Dubai delivers. With booth space running out, we’re entering the final phase of confirmations for companies serious about growth and visibility in the region.”

Why Leading Forex Brands Should Make Forex Expo Dubai 2025 a Priority

• Global Industry Representation: The 2025 edition will feature over 250 exhibiting companies from more than 30 countries, showcasing next-generation trading platforms, liquidity solutions, and financial technologies.

• Targeted Audience: Forex Expo Dubai is expected to welcome over 30,000 traders, investors, fund managers, introducing brokers (IBs), and affiliates — delivering highly focused exposure for participating brands.

• Premium Content: The conference agenda includes 100+ expert speakers, featuring regulatory leaders, market analysts, and fintech pioneers shaping the future of global finance.

• Onsite Business Generation: Proven across past editions, exhibitors consistently close high-value partnerships and client deals through one-on-one meetings and live product demonstrations held directly on the expo floor. 

• Direct Engagement with Retail Traders: The event attracts a massive retail trading community actively seeking new platforms, tools, and broker relationships — providing an ideal environment for exhibitors to convert footfall into long-term customers. 

A Few Spaces Remain for Brands Still Looking to Participate 

With strong demand and most of the floor now committed, a limited number of spaces remain available for industry players looking to align with the global forex community in Dubai. Leading brands still have the opportunity to join this year’s edition and benefit from strategic visibility, high-impact engagement, and direct access to key decision-makers.

For exhibitor inquiries or to request the latest floorplan, interested parties may contact [email protected], visit https://theforexexpo.com/dubai or call/WhatsApp the organizing team at +971 50 605 1205.

About Forex Expo Dubai

Forex Expo Dubai is the region’s leading event for traders, brokers, fintech innovators, and financial institutions. Organized by HQ MENA, the expo is held annually at the Dubai World Trade Centre and brings together the global forex and trading community for two days of high-impact networking, product showcases, and expert-led conference sessions.

About HQ MENA

HQ MENA is a leading event organizer based in the UAE, focused on delivering world-class exhibitions and conferences across fintech, crypto, finance, and online trading. Its mission is to connect global companies with high-intent audiences through content-rich, high-energy event experiences that drive real results.

For Media & Marketing Enquiries, please contact

Risha Singh

HQ MENA

[email protected] 

Ethereum prices edged higher in Wednesday trading, extending gains amid institutional buying and strong inflows into US-listed exchange-traded funds.

Concerns over Fed independence weigh on risk appetite

Trump announced Tuesday that he had dismissed Lisa Cook immediately over allegations of “mortgage fraud,” accusing her of providing misleading information about her housing status in 2021 loan documents.

The allegations were referred to the Justice Department by the Federal Housing Finance Agency, but Cook denied them and called her removal “illegal.”

Her lawyer, Abbe Lowell, said he would file a lawsuit against the administration, arguing that the dismissal lacks legal basis and violates the Federal Reserve Act, which stipulates that board members can only be removed “for cause.”

Markets are now reassessing the path of interest rates, with rising odds of near-term cuts, though long-term uncertainty persists over institutional independence and legal challenges.

Trump Media and Crypto.com launch crypto treasury firm

Trump Media & Technology Group (listed on Nasdaq under DJT) and Crypto.com said Tuesday they would launch a crypto treasury firm backed by a merger with a special purpose acquisition company (SPAC), aimed at aggregating Cronos (CRO) tokens, according to official disclosures and company announcements.

The new venture, to be named Trump Media Group CRO Strategy, will be restructured as a merger with Yorkville Acquisition Corp and listed on Nasdaq.

Initial funding plans include about 1 billion dollars in CRO tokens, 200 million dollars in cash, 220 million dollars in warrants, and a 5 billion dollar credit line from a Yorkville affiliate.

As part of the deal, Trump Media intends to purchase about 105 million dollars worth of CRO tokens, while Crypto.com will invest in Trump Media equity.

Ethereum ETFs

US-listed Ethereum ETFs recorded positive inflows for the third straight day, with net inflows of about 443.9 million dollars on Monday.

According to data from SoSoValue, BlackRock’s ETHA fund led daily inflows, attracting more than 314.9 million dollars, followed by Fidelity’s FETH with 87.4 million dollars.

Other funds, including those from Bitwise, 21Shares, Invesco, and Grayscale’s Mini Ethereum Trust, also posted inflows, reinforcing momentum around Ethereum.

Notably, inflows into Ethereum ETFs on Monday were more than double those into Bitcoin ETFs, reflecting a clear institutional shift toward Ethereum as a promising investment asset.

Meanwhile, according to the CME FedWatch tool, markets are pricing in an 86% probability of a 25-basis-point Fed rate cut at the September meeting.

The US Personal Consumption Expenditures (PCE) data, the Fed’s preferred inflation gauge, is due Friday.

Ethereum

As for trading, Ethereum rose 0.3% to 4,558.5 dollars as of 20:21 GMT on CoinMarketCap.

According to a recent report from an NBC affiliate in Montana titled “Drill, Baby, Drill”, US gasoline prices could fall below 3 dollars a gallon by the end of 2025. The report links the recent decline in gasoline prices to President Trump’s pro-energy policies.

The article begins: “Oil and gas production has recently seen a sharp rise thanks to President Donald Trump’s pro-energy policies.”

Before assessing recent production trends, it is worth reviewing the key events that have shaped US oil output over the past 24 years.

During George W. Bush’s presidency, oil production continued the gradual decline that had begun in the early 1970s. But producers were perfecting the combination of horizontal drilling and hydraulic fracturing, which soon led to the “shale boom.” Oil prices climbed steadily, reaching 100 dollars a barrel in February 2008, creating a powerful incentive for fracking.

Barack Obama’s presidency saw the largest expansion of oil and gas production in US history. Despite being viewed as hostile to fossil fuels, technology and market forces drove output sharply higher. An exception came in late 2014, when Saudi Arabia led OPEC in boosting supply despite falling prices to undercut US shale producers, triggering a collapse from above 100 dollars to under 30 dollars per barrel in 2015–16. Shale producers adapted, cut costs, and survived. By late 2016, OPEC changed course, forming the historic OPEC+ alliance with Russia and others to cut production and restore prices, which helped US production rebound.

When Donald Trump took office in January 2017, US oil production returned to growth, surpassing the 1970 monthly output record in October of his first year. Trump enacted pro-oil policies, but the OPEC+ cuts that lifted prices were the dominant factor behind renewed growth. It is often overlooked that higher oil prices meant average US gasoline prices actually rose during Trump’s first three years in office—until the COVID-19 pandemic.

The pandemic briefly drove oil prices negative and cut US production by 3 million barrels per day in April–May 2020. That was the only time during Trump’s first term when gasoline fell below 2 dollars a gallon.

By the time Joe Biden took office in January 2021, oil output had recovered to 11.2 million barrels per day, still 1.8 million below pre-pandemic highs. Growth resumed in Biden’s second year, with record oil and gas production in his final two years. Russia’s invasion of Ukraine pushed prices higher and encouraged further US output, underscoring the importance of global forces over domestic politics.

Across the past 24 years, macro factors—such as fracking, OPEC+ decisions, weather shocks, and demand cycles—have outweighed presidential policies in shaping output and prices.

Trump’s Second Term and 2025 Trends

Comparing the first seven months of Trump’s second term to Biden’s years, the data show no sudden surge. Output in February 2025 rebounded from a weather-related dip, similar to earlier recoveries under Biden. Monthly highs in 2023 and 2024 under Biden exceeded Trump’s pre-pandemic records, and 2025 is on pace for another annual record, though growth is slowing. Rig counts have declined this year, contradicting claims of a drilling boom.

Natural gas shows a similar long-term upward trajectory, with no sudden acceleration in 2025.

Why Are Gasoline Prices Falling?

Gasoline prices are down this year mainly because global oil prices have fallen. Supply is rising: OPEC+ will fully unwind its voluntary 2.2 million barrels per day cuts by September 2025, a year earlier than planned. Meanwhile, the US, Brazil, and Guyana are all boosting output. Global supply is expected to increase by 2.5 million barrels per day in 2025, outpacing demand.

On the demand side, consumption has disappointed in China, India, and Brazil, while OECD demand is flat, with Japan hitting multi-decade lows and US GDP growth slowing to just 1.4%.

Inventories have risen for five straight months, reaching a 46-month high of 7.8 billion barrels worldwide—classic evidence of oversupply, often preceding price downturns.

Conclusion

Falling gasoline prices today are not the product of any single politician’s actions, but of a global surge in supply colliding with weak demand. Historically, lower oil prices were a clear win for the US when it was the world’s largest importer. But today, as a net exporter, the US faces a mixed impact: cheaper gasoline for consumers, but weaker revenues for a key industry and wider trade deficits.

In short, gasoline prices are shaped by global supply, demand, and investment trends, not White House slogans. Political claims oversimplify; the real story is larger, global, and far more complex.