The EUR/JPY pair continues to exhibit strong momentum, displaying gains of 0.55% on Wednesday.

The AUD/JPY extends its gains for the fifth day in a row, climbs 0.30%, and trades at 102.35.

GBP/JPY is slowly grinding its way back up the chart after a pair of suspected “Yenterventions” by the Bank of Japan (BoJ), but thus far no official statements have been forthcoming.

The USD/SEK pair is trading higher at 10.55, marking a significant gain from a low of 10.45 last week.

Another constructive session saw the Greenback gather extra steam and advance to three-day peaks on Wednesday, propped up by the equally firm rebound in US yields as well as the steady conviction of interest rate cuts by the Fed later in the year.

The Mexican Peso remains on the defensive against the US Dollar on Wednesday as investors brace for the Bank of Mexico (Banxico) monetary policy decision on Thursday.

The Canadian Dollar (CAD) rebounded across broader markets on Wednesday, regaining ground lost in the previous sessions.

In early trading on Wednesday, the Pound Sterling resumed its downtrend against the US Dollar, as the Greenback remained the strongest currency against other peers.

The NZD/USD pair faces pressure above the psychological figure of 0.6000 in Wednesday’s New York session.

The AUD/USD pair witnesses an intense sell-off and falls to 0.6560 in Wednesday’s early American session due to multiple headwinds.

Brazil Retail Sales (MoM) came in at 0%, above expectations (-0.1%) in March

The USD/CAD pair advances to the crucial resistance of 1.3750 in Wednesday’s European session.

EUR/USD is slightly down to 1.0740 in Wednesday’s European session.

Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data.

The Pound Sterling (GBP) slips below the psychological support of 1.2500 against the US Dollar (USD) in Wednesday’s London session.

AUD/JPY hovers around 102.00 during the European session on Wednesday.

FX option expiries for May 8 NY cut at 10:00 Eastern Time, via DTCC, can be found below - EUR/USD: EUR amounts 1.0640 488m 1.0680 440m 1.0750 946m 1.0775 464m 1.0825 1.1b 1.0900 546m - GBP/USD: GBP amounts 1.2500 460m 1.2750 409m - EUR/GBP: EUR amounts 0.8400 450m 0.8580 449m - USD/JPY: USD amounts 153.75 835m 154.50 490m 155.60 583m - AUD/USD: AUD amounts 0.6500 643m 0.6600 980m - USD/CAD: USD amounts 1.3450 1b 1.3750 400m 1.3760 350m .

USD/JPY trades around 155.30 during the early European session on Wednesday, marking a third consecutive day of gains.

The USD/CHF pair posts modest gains near 0.9085 during the early European trading hours on Wednesday.

Here is what you need to know on Wednesday, May 8: The US Dollar (USD) stays resilient against its rivals early Wednesday after posting marginal gains on Tuesday.

The EUR/JPY cross trades on a positive note for three straight days around 166.65 on Wednesday during the early European session.

NZD/USD trades around 0.5990 during the Asian session on Wednesday, marking a second consecutive day of losses.

The USD/CAD pair continues to advance for the second consecutive session, hovering around 1.3750 during the Asian trading hours on Wednesday.

The Australian Dollar (AUD) has plunged following the Reserve Bank of Australia (RBA)'s decision to maintain its interest rate at 4.35% on Tuesday.

EUR/USD extends its losses for the second successive session, trading around 1.0750 during the Asian session on Wednesday.

The USD/JPY pair trades in positive territory for the third consecutive day around 154.75 during the early Asian session on Wednesday.

The Australian Dollar registered losses of around 0.42% against the US Dollar on Tuesday, following the Reserve Bank of Australia’s (RBA) monetary policy decision to keep rates unchanged.

The GBP/USD pair trades on a softer note around 1.2500 on Wednesday during the early Asian session.

EUR/USD cycled familiar levels again on Tuesday, testing the waters near 1.0750 as broader markets look for signals to push in either direction.

The NZD/USD stands at 0.6005 seeing mild losses in Tuesday’s session.