The USD/JPY pair gives back its initial gains and falls to near 144.20 during European trading hours on Wednesday. The asset faces pressure as the US Dollar (USD) struggles to extend Tuesday’s strong recovery move.
EUR/USD is trading lower, around 1.1306 at the time of writing, for the second consecutive day in the early European session on Wednesday.
The GBP/JPY pair corrects to near 194.50 during European trading hours on Wednesday after refreshing an almost two-week high around 195.60 the previous day. The pair faces selling pressure as the Pound Sterling (GBP) underperforms after a strong run-up in the past few trading days.