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GBP/JPY climbs above two-week range as Yen weakens, Bailey testimony eyed
The British Pound (GBP) strengthens against the Japanese Yen (JPY) on Tuesday as the yen weakens broadly after reports that Japan’s Prime Minister Sanae Takaichi raised concerns about further interest rate hikes in a meeting with Bank of Japan (BoJ) Governor Kazuo Ueda last week.
Fxstreet
Tue, Feb 24
EUR/JPY advances as Yen weakens amid doubts over BoJ tightening
EUR/JPY trades around 183.50 on Tuesday at the time of writing, up 0.60% on the day, mainly benefiting from a weakening Japanese Yen (JPY). The pair’s upward move is driven more by the softness of the Japanese currency than by intrinsic strength in the Euro (EUR).
Fxstreet
Tue, Feb 24
EUR/USD trades flat near 1.1780 even as US Dollar trades firmly
The EUR/USD pair trades in a tight range around 1.1780 during the European trading session on Tuesday. The major currency pair consolidates even as the US Dollar (USD) trades firmly, suggesting that the Euro (EUR) is also upbeat.
Fxstreet
Tue, Feb 24
GBP/USD Price Forecast: Sees more downside below 1.3430 amid dovish BoE bets
The GBP/USD pair edges lower to near 1.3480 during the European trading session. The pair is under pressure as the Pound Sterling (GBP) trades broadly uncertain amid firming speculation that the Bank of England (BoE) could deliver a number of interest rate cuts in the near term.
Fxstreet
Tue, Feb 24
USD/CAD Price Forecast: Strives to extend advance above 1.3740
The USD/CAD pair holds onto weekly gains near 1.3700 during the early European trading session on Tuesday. The Loonie pair trades firmly as the US Dollar (USD) extends its recovery move, with the US Dollar Index (DXY) extending its recovery move to near 97.80 at the press time.
NZD/USD struggles to capitalize on intraday gains; remains below 0.6000 amid USD uptick
The NZD/USD pair attracts some dip-buyers following the previous day's failure near the 0.6000 psychological mark and sticks to its modest intraday gains through the early European session on Tuesday.Fxstreet
Tue, Feb 24
AUD/JPY Price Forecast: Climbs above 109.50 as technicals support bullish outlook
The AUD/JPY cross attracts some buyers to near 109.60 during the early European session on Tuesday. Traders remain concerned over Japan's fiscal health amid expectations that Prime Minister Sanae Takaichi will announce more stimulus to boost the economy.
Fxstreet
Tue, Feb 24
USD/INR edges down on likely FIIs return to Indian markets
The Indian Rupee (INR) ticks up against the US Dollar (USD) in the opening trade on Tuesday. The USD/INR pair edges down to near 91.10 on the expectation that the Reserve Bank of India (RBI) has intervened in spot and forward markets to support the Indian Rupee.Fxstreet
Tue, Feb 24
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