The US Dollar is trading sideways at levels right above 156.00 against the Japanese Yen on Friday, after retreating from 10-month lows near 158.00 last week.

USD/CHF trades slightly higher on Friday, around 0.8060, up 0.15% at the time of writing. The pair remains on track for a weekly gain, supported by the persistent weakness of the US Dollar (USD) amid growing expectations of interest rate cuts by the Federal Reserve (Fed).

USD is likely to trade sideways between 156.00 and 156.75. In the longer run, soft underlying tone suggests there is a chance for USD to edge downward; any decline is likely part of a lower range of 155.05/157.05, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The impact of change in political leadership has been clear in Japan with the yen notably weaker and JGB yields higher as market participants position for reflationist policies under the new leadership of Sanae Takaichi.

New Zealand Dollar (NZD) could rise above 0.5735; any further advance is unlikely to reach 0.5755. In the longer run, the price action suggests NZD is likely to advance further; the levels to watch are 0.5735 and 0.5755, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Australian Dollar (AUD) is likely to edge higher; any advance is likely part of a 0.6520/0.6555 range. In the longer run, rapid increase in upward momentum suggests AUD could rise further to 0.6555, potentially reaching 0.6580, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD/JPY is expected to hover around 156 as Japan’s budget lands broadly in line with expectations, while firm Tokyo inflation reinforces the BOJ’s gradual tightening path, DBS' Senior FX Strategist Chang Wei Liang notes.

The Pound Sterling (GBP) is expected to rise to 1.3300, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Growth in the US is seen as much more robust, and there is skepticism about an improvement in the German economy, and it has become increasingly clear that markets are somewhat critical of the expectation of a stronger EUR/USD over the coming months, Commerzbank's FX analyst Volkmar Baur notes.

EUR/JPY trades slightly lower on Friday, around 180.85, down 0.20% at the time of writing. The pair extends its corrective move, pressured by mixed European statistics and renewed interest in the Japanese Yen (JPY), even as uncertainty around Japan’s monetary policy persists.

The New Zealand Dollar shows minor losses on Friday, with the pair pulling back from four-week highs at 0.5730, although it remains steady above 0.5700, on track for a 1.7% weekly rally, after its strongest week since May.

Germany Hesse CPI (MoM) down to -0.2% in November from previous 0.3%

Germany Hesse CPI (YoY) climbed from previous 2.4% to 2.5% in November

Germany Saxony CPI (MoM) declined to -0.2% in November from previous 0.3%

Germany Brandenburg CPI (MoM) dipped from previous 0.4% to -0.2% in November

Germany Saxony CPI (YoY) increased to 2.2% in November from previous 2.1%

Germany Brandenburg CPI (YoY) remains unchanged at 2.6% in November

Germany North Rhine-Westphalia CPI (MoM) declined to -0.3% in November from previous 0.4%

Germany North Rhine-Westphalia CPI (YoY) unchanged at 2.3% in November

Germany Baden-Wuerttemberg CPI (MoM) dipped from previous 0.3% to -0.3% in November

Germany Bavaria CPI (YoY) remains unchanged at 2.2% in November

Germany Bavaria CPI (MoM): -0.2% (November) vs previous 0.3%

Germany Baden-Wuerttemberg CPI (YoY) down to 2.2% in November from previous 2.3%

Germany Baden-Wuerttemberg CPI (MoM) fell from previous 0.3% to -0.2% in November

Germany Unemployment Rate s.a. in line with expectations (6.3%) in October

Germany Unemployment Change came in at 1K, below expectations (5K) in October

EUR/USD is ticking lower on Friday, trading at 1.1585 at the time of writing, yet on track to a nearly 0.6% advance this week, as the US Dollar struggled due to rising bets that the US Federal Reserve will lower interest rates further in December.German data has been mixed.

The Euro is showing a mild positive tone against the British Pound on a calm trading session on Friday, yet with bulls struggling to find acceptance above a previous support, now turned resistance, in the area between 0.8765 and 0.8770.A batch of Eurozone releases has not been particularly supportiv

Here is what you need to know on Friday, November 28:

France Consumer Price Index (EU norm) (MoM) fell from previous 0.1% to -0.2% in November