The British Pound keeps heading lower on Wednesday against a firmer Japanese Yen, and is on track for a more than 1% depreciation in the last three days, following a reversal from the 200.00 level, and is about to test a key support area at 198.00
Federal Reserve (Fed) Bank of Boston President Susan Collins warned that the Fed could have room to continue interest rate cuts, but only if economic conditions remain on-balance.
The Japanese Yen (JPY) gains traction against the US Dollar (USD) on Tuesday, with USD/JPY extending losses for a third straight day as the looming United States (US) government shutdown weighs on the Greenback and bolsters safe-haven demand for the Yen.