The Japanese Yen (JPY) climbs to a one-and-a-half-week top against a broadly weaker US Dollar (USD) during the Asian session on Tuesday and seems poised to appreciate further. Market participants seem convinced that the Bank of Japan (BoJ) will raise interest rates this week.
The preliminary reading of Australia's S&P Global Manufacturing Purchasing Managers Index (PMI) came in at 52.2 in December versus 51.6 prior, the latest data published by S&P Global showed on Friday.
EUR/USD remains firm as markets brace for a packed week of events, including the European Central Bank (ECB) meeting, EU Council decisions on Ukraine reparations and Mercosur, and key eurozone data releases.