Zcash (ZEC) extends recovery above $240 at the time of writing on Friday, as the broader crypto market sees relief rallies after this week’s turbulence. The privacy-oriented token is up over 31% from its intraday low at $185.
Lee Hardman from MUFG highlights that the Pound has sold off sharply, with EUR/GBP breaking above its 200-day moving average as markets reprice a more dovish Bank of England path.
The USD/JPY pair gains momentum to a two-week high near 157.00 during the early Asian session on Friday. The Japanese Yen (JPY) remains under selling pressure against the US Dollar (USD) ahead of Japan's snap general election on Sunday.