The Japanese Yen (JPY) is seen oscillating in a narrow trading band against its American counterpart during the Asian session on Wednesday amid mixed fundamental cues.
Pepe (PEPE) price is rising alongside Bitcoin (BTC) and other meme coins, such as Dogecoin (DOGE), on Tuesday. The bullish outlook, which has steadied since late week, has seen Pepe rise to exchange hands slightly above the critical $0.00001000 at the time of writing.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, extends its downside to around 97.40 during the Asian session on Tuesday. The expectations of jumbo rate cuts by the US Federal Reserve (Fed) undermine the DXY.