The British Pound (GBP) edges lower against the US Dollar, retreating from a three-year high, with the GBP/USD pair trading around 1.3510 during the American session on Tuesday.
US Dollar (USD) could edge lower and retest the 142.20 level vs Japanese Yen (JPY); the major support at 141.70 is unlikely to come under threat. In the longer run, risk is still on the downside, but it remains to be seen if USD can maintain its pace of decline.
AUD/JPY steadies after recovering daily losses, trading around 92.80 during the European hours on Tuesday. The currency cross gains ground as the Japanese Yen (JPY) depreciates over fading safe-haven demand.