The EUR/USD pair trades calmly near 1.1600 during the late Asian trading session on Tuesday, following the corrective move from an over two-week high of 1.1656.
Outlook is unclear; US Dollar (USD) could trade between 153.80 and 155.05. In the longer run, for the time being, USD could trade between 153.20 and 155.05, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/JPY continued to trade near recent highs. Opposing forces of fiscal concerns, delayed BOJ policy normalisation, risk sentiments and intervention risks should continue to drive the pair. USD/JPY last seen at 154.75 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.