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The EUR/JPY cross pair retraces from daily highs reached earlier at around 157.48 and tumbled below the 157.00 figure as market participants get ready for the central bank bonanza, starting with the US Federal Reserve on Wednesday.

The AUD/USD rises in the middle of the North American session by 0.32%, while Wall Street trims its earlier gains as we get closer to the Federal Reserve’s decision.

The USD/JPY is getting boxed into a tight consolidation range as markets hunker down ahead of the US Federal Reserve’s (Fed) final appearance for 2023.

The EUR/USD is a mixed bag in the mid-week trading session, caught in a tight range between 1.0810 and 1.0775.

The EUR/GBP advances to an eight-day high of 0.8623 but remains bearish in the medium term after news from the UK showed its economy contracted for the second time in the year, as data revealed.

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