The Euro keeps trading higher against a weak Japanese Yen on a calm post-Christmas session.
Blogs
USD/JPY will eventually move lower to 136 by end-2024 – ANZ
Any Bank of Japan shifts from accommodative monetary policy are likely to drive JPY appreciation, economists at ANZ Bank report.
Silver Price Analysis: XAG/USD corrects to near $24 amid a thin-trading week
Silver price (XAG/USD) extends its correction to near $24.00 as trading volume has dropped significantly amid festive market mood.
Pound Sterling Price News and Forecast: GBP/USD moves sideways near 1.2720
GBP/USD started to move sideways slightly above 1.2700 in the last week of 2023 after failing to capitalize on the broad US Dollar (USD) weakness in the previous week.
SGD to generally move in line with the Dollar’s trend through 2024 – MUFG
Economists at MUFG Bank expect SGD to perform in line with the Dollar after two years of strong outperformance.
EUR/GBP resumes its uptrend and approaches 0.8700
The Euro bounced up sharply on Tuesday to retrace earlier losses resuming its uptrend from early December lows and erasing most of the losses of the late-November sell-off.
Pound Sterling clings to gains despite deepening UK recession fears
The Pound Sterling (GBP) demonstrates volatility contraction in a thin-trading week.
USD/CAD attempting to bounce up from levels below 1.3200
The US Dollar is showing a mild recovery attempt after having reached its lowest level since August, at 1.3185.
USD/JPY faces pressure near 143.00 as Fed’s rate cut bets soar
The USD/JPY pair delivered a pullback move after discovering moderate buying interest near 142.00.
AUD/USD: Upside ahead, seen at 0.68 in Q1 and 0.70 in Q4 – ANZ
AUS/USD traded in a wide range of 0.62-0.71 this year, with the pair above 0.66 for more than 50% of the year.