The Japanese Yen (JPY) strengthens against the US Dollar (USD) on Friday, with USD/JPY snapping a four-day winning streak after fresh verbal intervention warnings from Tokyo prompted mild profit-taking.

The Euro (EUR) remains under pressure against the US Dollar (USD) on Friday, even as the Greenback trades broadly flat, with traders weighing fresh US economic data and rising bets on a potential Federal Reserve (Fed) interest rate cut in December.

The Pound Sterling turns positive in the day as traders increase their bets that the Federal Reserve could cut rates at the December meeting. The GBP/USD trades at 1.3082 up 0.08%.

USD/CHF trades around 0.8070 on Friday, up 0.10% on the day at the time of writing, as the US Dollar (USD) finds moderate support from mixed but generally resilient US data releases.

The Canadian Dollar (CAD) holds steady against the US Dollar (USD) on Friday, with USD/CAD hovering near 1.4100 as the Greenback stages a rebound after briefly losing momentum on dovish comments from New York Federal Reserve (Fed) President John Williams.

Pound Sterling (GBP) is soft, down a marginal 0.1% against the US Dollar (USD) and a mi performer among the G10 in an environment of persistent USD strength, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Euro (EUR) is soft, down a marginal 0.1% as it drifts back toward Thursday’s low just above 1.15, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Canadian Dollar (CAD) is little changed on the day, with spot holding gains towards the 1.41 area yesterday amid the US equity market sell-off, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Euro (EUR) pares back some of its early losses against the Swiss Franc (CHF) on Friday as the pair steadies following the release of preliminary Eurozone Purchasing Managers Index (PMI) data. At the time of writing, the cross is trading around 0.9290, bouncing off an intraday low of 0.9276.

USD/JPY trades around 156.70 on Friday at the time of writing, retreating as the Japanese Yen (JPY) regains strength.

The New Zealand Dollar remains pinned near seven-month lows at 0.5580 against the US Dollar, with upside attempts failing to hold above 0.5600.

AUD/USD softens slightly on Friday, trading around 0.6440 and down 0.10% at the time of writing. The decline comes despite supportive domestic data, as the pair struggles to extend Thursday’s rebound amid mixed global sentiment.

EUR/USD holds above 1.1500 as solid Eurozone business activity supports an extended ECB pause, while market pricing still factors in potential rate cuts, BBH FX analysts report.

US Dollar (USD) is expected to continue moving higher; the next level to watch is 158.00, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

GBP/USD is trading heavy above key support at 1.3000. Disappointing UK economic activity and the expected fiscal drag from the upcoming UK budget leave room for the BOE to deliver more easing than is currently priced-in (63bps in the next 12 months).

There is a chance for New Zealand Dollar (NZD) to test 0.5565; a continued decline below this level is unlikely. In the longer run, NZD is expected to move lower; if it breaks below 0.5565, it could decline further to 0.5540, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD/JPY edged down to 156.60 after reaching a multi-month high around 157.90 yesterday. Japan’s sticky inflation backdrop, increased fiscal support, and firm economic activity argue for the Bank of Japan (BOJ) to raise rates in December.

There is scope for Australian Dollar (AUD) to weaken further to 0.6430; the major support at 0.6405 is unlikely to come under threat today. In the longer run, the price action suggests there is scope for AUD to test 0.6405, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Outlook is mixed; Pound Sterling (GBP) could trade between 1.3045 and 1.3120. In the longer run, there is room for GBP to test the significant support level at 1.3000, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Markets are on edge as Japanese officials warn of possible yen interventions amid rapid Japanese Yen (JPY) depreciation and rising inflation pressures, DBS' Senior FX Strategist Philip Wee notes.

EUR/GBP trades around 0.8820 on Friday at the time of writing, virtually unchanged on the day as investors digest a series of contrasting macroeconomic indicators from the Eurozone and the United Kingdom (UK).

In the Euro area, Negotiated Wage Rate in the third quarter rises at a moderate pace of 1.8% on an annualized basis, compared to the estimate of 2.4% and from 3.95% growth seen in the second quarter.

USD/JPY continued to trade near elevated levels. Fiscal concerns, a delay in BOJ policy normalization and USD strength are some of the factors that continued to underpin Japanese Yen (JPY) weakness. PM Takaichi has approved stimulus of JPY17.7tn, much higher than the JPY13.9tn last year.

Japan’s energy-focused fiscal stimulus is set to lower headline inflation and may delay further BOJ tightening, pushing real rates deeper into negative territory and keeping the Japanese Yen (JPY) soft.

The Pound is trimming previous losses and returns to the mid-range of the 205.00s after a sharp pullback to session lows at 204.80 earlier on the day.

Eurozone HCOB Composite PMI came in at 52.4 below forecasts (52.5) in November

Eurozone HCOB Manufacturing PMI came in at 49.7, below expectations (50.2) in November

Eurozone HCOB Services PMI above forecasts (53) in November: Actual (53.1)

S&P Global will release on Friday the November flash Purchasing Managers' Indices (PMIs) for most major economies, including the United States (US). These surveys of top private sector executives provide an early indication of the business sector’s economic health.

European Central Bank (ECB) President Christine Lagarde said at 35th European Banking Congress event in Frankfurt on Friday that the central bank will remain vigilant to inflation risks and will adjust interest rates, if needed, to keep inflation at 2% target.