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USD/JPY strengthens as US yields rise and Dollar gains momentum
The Japanese Yen (JPY) weakens against the US Dollar (USD) on Tuesday, with USD/JPY reversing the previous day’s losses as the Greenback strengthens across the board, while US Treasury yields move higher. At the time of writing, the pair is trading around 156.70, up nearly 0.23% on the day.
Fxstreet
Tue, Jan 6
GBP/USD slides below 1.3550 as Dollar rebounds despite soft US PMIs
The Pound Sterling retreats after reaching a daily high of 1.3567 as the Greenback stages a recovery despite posting weaker Purchasing Managers Index (PMI) data, and neutral Fed officials remarks. The GBP/USD trade at 1.3519, down 0.15% at the time of writing.
Fxstreet
Tue, Jan 6
Canadian Dollar softens amid subdued Oil prices and a firm US Dollar
The Canadian Dollar (CAD) softens against the US Dollar (USD) on Tuesday, with USD/CAD holding an upward bias as the Greenback holds firm despite cautious Federal Reserve (Fed) commentary and softer US S&P Global Purchasing Managers Index (PMI) data.
EUR/USD declines as Eurozone data weighs, US labor reports awaited
EUR/USD trades in a volatile environment on Tuesday and is hovering around 1.1710 at the time of writing, down 0.15% on the day. The pair has erased earlier gains as disappointing European macroeconomic indicators have revived concerns about the Eurozone growth outlook.
Fxstreet
Tue, Jan 6
NZD/USD pulls back below 0.5800 as markets turn cautious
The New Zealand Dollar’s rebound from the 0.5740 area on Monday has failed to find follow-through above the 0.5800 level during Tuesday’s European session, and the pair pulled back to the 0.5790 area, heading into the US session opening.The risk-on mood seen on Monday’s US trading session and Tuesda
Fxstreet
Tue, Jan 6
EUR/JPY declines on fragile risk tone, German inflation in focus
EUR/JPY trades around 183.10 on Tuesday at the time of writing, down 0.10% on the day, as the Euro (EUR) weakens modestly against the Japanese Yen (JPY) in an environment marked by a generally fragile market sentiment.
Fxstreet
Tue, Jan 6
USD/JPY: Might trade in a choppy manner between 156.20 and 157.20 – UOB Group
Outlook is mixed; US Dollar (USD) could trade in a choppy manner between 156.20 and 157.20. In the longer run, USD is likely to trade in a range between 155.60 and 157.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Jan 6
NZD/USD: Likely to trade in a range between 0.5760 and 0.5800 – UOB Group
New Zealand Dollar (NZD) is likely to trade in a range between 0.5760 and 0.5800. In the longer run, pullback in NZD has scope to extend, but any further decline is expected to face strong support at 0.5720, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Jan 6
EUR/GBP slides toward key 200-DMA support – Société Générale
EUR/GBP has extended its decline, with a clear pattern of lower highs and lows reinforcing the corrective trend. While a short-term bounce is possible, a break below the 200-DMA at 0.8630 could open the door to deeper losses, Société Générale's FX analysts note.Fxstreet
Tue, Jan 6
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