EUR/JPY depreciates after two days of gains, trading around 169.40 during the Asian hours on Tuesday. The technical analysis of the daily chart shows that the currency cross moves upwards within the ascending channel pattern, strengthening the bullish bias.
US Dollar (USD) could rebound further against Japanese Yen (JPY), but any advance is unlikely to break clearly above 145.55. In the longer run, USD appears to have moved into a range trading phase between 143.50 and 146.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The US Dollar has found some buyers at the 1.3610 area and is trading with marginal gains on Thursday, with investors awaiting key data releases from the US and Canada, due later today.The pair, however, remains on its back foot, trading 0.9% lower so far this week, as the easing geopolitical concer