Pound Sterling (GBP) is likely to consolidate between 1.3140 and 1.3245. In the longer run, GBP is still negative, but it remains to be seen if 1.3100 is within reach during this phase of weakness, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The Bank of Japan (BoJ) meets on Thursday and is expected to keep its benchmark interest rate unchanged at 0.5%, awaiting the first moves of Prime Minister Sanae Takaichi’s new cabinet.
Bitcoin (BTC) is showing signs of recovery, trading above $113,000 on Wednesday as interest in cryptocurrencies increases ahead of the Federal Reserve's (Fed) interest rate decision.