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GBP/JPY slips as weak UK PMI data weighs on Sterling
GBP/JPY trades in a narrow range on Tuesday with a mild downside bias, as the British Pound (GBP) weakens following weaker-than-expected UK business activity data. At the time of writing, the cross is trading near 212.50, reversing earlier gains driven by Japan’s softer inflation data.
Fxstreet
Tue, Mar 24
EUR/GBP holds steady as Eurozone, UK PMI data disappoint
EUR/GBP trades around 0.8650 on Tuesday, holding steady on the day as investors digest a series of weaker-than-expected activity releases in both the Eurozone and the United Kingdom (UK), pointing to a clear slowdown in growth.
Fxstreet
Tue, Mar 24
AUD/USD: Constructive path toward 0.75 – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong stay constructive on the Australian Dollar (AUD) despite recent risk-off pressure from higher energy prices. They highlight above-target inflation, resilient domestic activity and a more hawkish Reserve Bank of Australia (RBA) as key supports.
Fxstreet
Tue, Mar 24
Japanese Yen recovers early losses against US Dollar as market sentiment improves
The Japanese Yen (JPY) claws back its early losses against the US Dollar (USD), turning flat around 158.50 during the European trading session on Tuesday. The USD/JPY pair falls back as the US Dollar surrenders its early gains amid improving investors’ risk appetite.
Fxstreet
Tue, Mar 24
AUD/JPY Price Forecast: Falls to near 111.00 near lower ascending channel boundary
AUD/JPY extends its losses for the second successive session, trading around 111.00 during the early European hours on Tuesday. The technical analysis of the daily chart suggests a potential bearish reversal as the currency cross is testing the lower boundary of the ascending channel pattern.
Fxstreet
Tue, Mar 24
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