The EUR/USD pair gathers strength to around 1.1575 during the early Asian trading hours on Friday. The Euro (EUR) edges higher against the US Dollar (USD) on the European Central Bank (ECB) interest rate hike and improved risk sentiment.
USD/JPY spent the entire session glued to the area around 160.50, and it took the cancellation of a war, rather than anything out of Tokyo, to finally knock it lower.
The EUR/USD surges over 0.36% as the Greenback turns negative on the day, as US President Donald Trump cancelled strikes on Iran, saying that the US and Iran are ironing out the final points of a peace agreement. At the time of writing, the pair trades at 1.1579.