The EUR/JPY cross gains ground near 186.25 during the Asian trading hours on Friday. The Japanese Yen (JPY) softens against the Euro (EUR) after the Bank of Japan's (BoJ) interest rate decision. The attention will shift to the BoJ press conference later on Friday. 

The GBP/JPY pair trades close to its multi-year high of 214.30 during Friday’s Asian trading session, while the Bank of Japan (BoJ) has kept interest rates steady at 0.75%.

Japan BoJ Interest Rate Decision in line with forecasts (0.75%)

USD/CAD holds ground after four days of losses, trading around 1.3790 during the Asian hours on Friday. However, the pair may further weaken as the Canadian Dollar (CAD) could receive support amid higher Oil prices, given Canada’s status as the largest crude exporter to the United States (US).

Reserve Bank of New Zealand (RBNZ) Governor Anna Breman said on Friday that the central bank remains committed to returning inflation to the 2% midpoint.

The Australian Dollar inches higher against the US Dollar (USD) on Friday, remaining in the positive territory for the second consecutive day.

Silver (XAG/USD) continues scaling new all-time highs for the second consecutive day and climbs to the $99.00 mark during the Asian session on Friday.

The Japanese Yen (JPY) remains depressed against its American counterpart during the Asian session on Friday amid domestic political uncertainty and concerns about Japan's fiscal health.

On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.9929 compared to the previous day's fix of 7.0019 and 6.9481 Reuters estimate.

Gold price (XAU/USD) extends the rally to around $4,950 during the early Asian session on Friday. The precious metal gains momentum as geopolitical risk and threats to the US Federal Reserve’s (Fed) independence boost the safe-haven demand. 

Japan Jibun Bank Services PMI up to 53.4 in January from previous 51.6

Japan Jibun Bank Manufacturing PMI up to 51.5 in January from previous 50

The USD/JPY pair posts modest gains near 158.45 during the early Asian session on Friday. The Japanese Yen (JPY) softens against the US Dollar (USD) following the release of Japanese inflation data.

United Kingdom GfK Consumer Confidence meets forecasts (-16) in January

Japan National CPI ex Food, Energy (YoY) fell from previous 3% to 2.9% in December

Japan’s National Consumer Price Index (CPI) rose by 2.1% YoY in December, compared to the previous reading of 2.9%, according to the latest data released by the Japan Statistics Bureau on Friday.

Japan National Consumer Price Index (YoY) fell from previous 2.9% to 2.1% in December

Japan National CPI ex Fresh Food (YoY) meets forecasts (2.4%) in December

The NZD/USD pair jumps to around 0.5910, the highest since September 17, 2025, during the early Asian session on Friday. The New Zealand Dollar (NZD) strengthens against the US Dollar (USD) after the hotter-than-expected inflation report.

The GBP/JPY rallies to a new weekly high of 213.98, up by more than 1.10% in the week, as mixed economic data from the UK, pushed the British Pound higher. Fiscal concerns on PM Takaichi’s plan, undermined the Japanese Yen. The cross-pair trades at 213.85, up 0.58%.

The Bank of Japan (BoJ) is expected to leave its benchmark interest rate unchanged at 0.75% after concluding its two-day monetary policy meeting next Friday.

The preliminary reading of Australia's S&P Global Manufacturing Purchasing Managers Index (PMI) came in at 52.4 in January versus 51.6 prior, the latest data published by S&P Global showed on Friday.

New Zealand’s Consumer Price Index (CPI) climbed 3.1% YoY in the fourth quarter (Q4) of 2025, compared with the 3.0% increase seen in the third quarter, according to the latest data published by Statistics New Zealand on Friday. The market consensus was for a growth of 3.0% in the reported period

Australia S&P Global Manufacturing PMI increased to 52.4 in January from previous 51.6

Australia S&P Global Composite PMI climbed from previous 51 to 55.5 in January

Australia S&P Global Services PMI increased to 56 in January from previous 51.1

EUR/USD climbs for the second day in the week up by over 0.50% as the Dollar slides despite solid US economic data was released in the day. An improvement in risk appetite sponsored by US President Donald Trump dropping tariffs threats on Europe, underpins the shared currency.