The EUR/JPY cross extends its sideways consolidative price move for the second straight day and remains confined in a narrow band, above the 172.00 mark through the Asian session on Tuesday.
Australian Dollar (AUD) appears to have entered a range-trading phase between 0.6490 and 0.6530. In the longer run, AUD is still trading in a range, probably between 0.6455 and 0.6555, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1322 as compared to Friday's fix of 7.1371 and 7.1793 Reuters estimate.