Strong momentum suggests further Pound Sterling (GBP) strength against US Dollar (USD), even though it is unclear if this will be sufficient for a break above 1.3600.
EUR/CHF is showing signs of hesitation after rebounding from key support near last year’s lows. While a short-term floor has formed, the pair's inability to reclaim the 200-DMA suggests limited upside traction and leaves the door open to further downside risk, Société Générale's FX analysts note.
Bank of Japan (BoJ) Governor Kazuo Ueda is back on the wires, via Reuters, commenitng on the impact of US tariffs on the economic and inflation outlook.