The GBP/JPY cross extends its sideways consolidative price move for the second straight day and trades below the 211.00 mark during the early European session on Wednesday.

Sterling remains firm, holding just under its recent high as UK shop prices rise, according to Scotiabank's Daily FX Update by Shaun Osborne and Eric Theoret. The report notes that markets are not pricing in further Bank of England easing until mid-year, reflecting a shift in easing risk.

The EUR/JPY cross loses ground to near 182.90 during the early European session on Wednesday. The Japanese Yen (JPY) edges higher against the Euro (EUR) amid hawkish Bank of Japan (BoJ) December meeting minutes, which showed that members agreed on the need to continue raising interest rates. 

TradingKey - The U.S. dollar is facing its most aggressive sell-off in nearly four years, with the Bloomberg Dollar Spot Index dropping Tuesday to its lowest level since March 2022.Despite this, Presi

The USD/CAD pair gains some positive traction during the Asian session on Wednesday and reverses a part of the overnight slump to the 1.3560-1.3555 region, or its lowest level since July 2025.

GBP/USD depreciates after four days of gains, trading around 1.3800 during the Asian hours on Friday. The technical analysis of the daily chart suggests a potential bearish reversal amid a narrowing range, suggesting buyers are losing strength within the rising wedge pattern.

The USD/INR pair inches higher after registering 0.25% losses in the previous session. The pair rebounds toward its all-time high of 91.96, reached on January 23, as the US Dollar (USD) gains amid caution ahead of the Federal Reserve (Fed) policy decision.

The Japanese Yen (JPY) drifts lower during the Asian session on Wednesday amid concerns about Japan's fiscal health on the back of Prime Minister Sanae Takaichi's aggressive spending and tax cut plans.

NZD/USD halts its winning streak that began on January 16, trading around 0.6010 during the Asian hours on Wednesday. The pair edges lower as the US Dollar (USD) rebounds after registering over 1% losses in the previous session, as traders position ahead of the Federal Reserve (Fed) policy decision.

On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.9755 compared to the previous day's fix of 6.9858 and 6.9231 Reuters estimate.

GBP/USD is well on its way to a second straight week of strong gains as the US Dollar (USD) gives up the ghost on the back of ongoing trade war rhetoric undercutting the Greenback’s strength.

The USD/JPY pair slumps to over three-month lows near 152.30 during the early Asian session on Wednesday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) on speculation about a possible coordinated intervention by Japanese and US authorities.

EUR/USD skyrockets to a new five-year high of 1.2082 on Tuesday after US President Donald Trump expressed that he does not think the Dollar has fallen too much, triggering a sell-off of the Greenback, which is down so far over 1.31% in the day.

The AUD/JPY halts its downtrend and trades flat during Tuesday’s US session after posting back-to-back bearish daily candles, on speculation of intervention in the FX markets to boost the Japanese Yen.

Australia will release the Consumer Price Index (CPI) report on Wednesday, and it is expected to show inflation rose 3.6% year over year in December, slightly above the previous reading of 3.4%. The monthly CPI is foreseen at 0.7% after posting 0% in November.

The Canadian Dollar (CAD) caught a sharp rise against the US Dollar (USD) on Tuesday despite being an overwhelmingly low performer across global markets.

MUFG's analysis indicates that the Indian Rupee (INR) is likely to face challenges due to rising money market rates and a scarcity of capital inflows.

USD/CHF comes under heavy selling pressure on Tuesday, sliding more than 1% as broad-based weakness in the US Dollar (USD) fuels demand for the Swiss Franc (CHF). At the time of writing, the pair is trading around 0.7666, marking its lowest level since August 2011.

NZD/USD trades around 0.6015 on Tuesday at the time of writing, up 0.65% on the day, extending a streak of eight consecutive gains and reaching its highest level since July 2025.

BNY Head of Markets Macro Strategy Bob Savage discusses the impact of recent U.S. tariff increases on South Korean imports, which have risen to 25%. Despite initial weakness in the Korean Won (KRW), domestic sentiment and foreign equity inflows have helped stabilize South Korean assets.

The MUFG report highlights the expected underperformance of the Indonesian Rupiah (IDR) due to a dovish central bank stance and concerns regarding policy independence following recent appointments.

The Japanese Yen (JPY) remains on the front foot against the US Dollar (USD) on Tuesday, with growing intervention risks and broad-based weakness in the Greenback reinforcing downside pressure on the pair.

EUR/JPY trades around 183.20 on Tuesday at the time of writing, posting a modest 0.06% gain on the day, as the recovery attempt from the 182.00 area loses momentum.

The Pound Sterling soars during Tuesday’s North American session as the Greenback continues to weaken due to trade tariffs escalation ahead of the first Federal Reserve monetary policy meeting of 2026. The GBP/USD trades at 1.3776, up 0.76%.

The Euro (EUR) holds firm against the British Pound (GBP) on Tuesday, with subdued trading conditions prevailing amid a notably light economic data calendar in both the Eurozone and the UK. At the time of writing, EUR/GBP is trading around 0.8684, little changed on the day.

AUD/USD trades around 0.6960 on Tuesday at the time of writing, up 0.60% on the day, after touching its highest level since February 2023. The pair remains supported by a combination of strong domestic fundamentals in Australia and persistent weakness in the US Dollar (USD).

The Canadian Dollar (CAD) is facing significant challenges due to renewed US risks and interventionism, making it the weakest G10 currency.

The Canadian Dollar (CAD) trades on the front foot against the US Dollar (USD) on Tuesday, supported by sustained weakness in the Greenback, even as renewed tariff threats from Washington limit the Loonie’s upside.

Volkmar Baur from Commerzbank analyzes the recent polls in Japan, which show a decline in the ruling Liberal Democratic Party's (LDP) approval ratings ahead of the upcoming elections. The weakening support for Prime Minister Takaichi could impact the Japanese Yen's strength.

The British Pound (GBP) extends its advance against the US Dollar (USD) on Tuesday, with GBP/USD climbing to fresh six-month highs amid broad-based weakness in the Greenback. At the time of writing, the pair is trading around 1.3739, up nearly 0.42% on the day.