The Japanese Yen (JPY) is strong, up 0.4% against the US Dollar (USD) and outperforming all of the G10 currencies into Friday’s NA open, supported by sentiment in an environment of mild risk aversion, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Ondo Finance (ONDO) edges lower by over 3% at press time on Friday, reversing from a critical resistance trendline. Ondo announced a $250 million backing from Pantera Capital to support its catalyst initiative, focusing on real-world asset (RWA) tokenization.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is retracing its gains registered in the previous two sessions, trading lower around 96.90 during the Asian hours on Friday.