Pi Network (PI) trades above $0.1600 at press time on Wednesday, struggling to extend the 2% gains from Monday. A steady increase in deposits at exchanges supporting PI tokens and the trimming of Pi Foundation holdings add to downside pressure.
The EUR/JPY cross attracts some buyers near 184.95 during the early European session on Wednesday. The Japanese Yen (JPY) weakens against the Euro (EUR) amid fiscal concerns on the back of Japanese Prime Minister Sanae Takaichi's reflationary policies.
China's Services Purchasing Managers' Index (PMI) climbed to 52.3 in January from 52.0 in December, the latest data published by RatingDog showed on Wednesday. This figure came in stronger than the expectations of 51.8.