West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $60.40 per barrel, up from Tuesday’s close at $60.23.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $64.19 price posted on Tuesday, and trading at $64.37.
The EUR/JPY cross gains traction to around 176.55 during the early European session on Wednesday. The Euro (EUR) strengthens against the Japanese Yen (JPY) as traders expect the European Central Bank (ECB) to adopt a cautious stance in its upcoming policy meeting.
EUR/JPY trades around 176.30 on Tuesday at the time of writing, down 0.70% for the day. The pair extends its decline as the Japanese Yen (JPY) benefits from recent remarks by Bank of Japan (BoJ) Governor Kazuo Ueda, who hinted at a possible rate hike as early as December or January.