The Euro (EUR) is attempting to find a bottom against the Japanese Yen (JPY) on Thursday, after dropping sharply over the previous three days. The pair has pared daily losses, and trades at 181.70 at the time of writing, up from six-week lows at 180.85.

MUFG’s Senior Currency Analyst Lee Hardman highlights that the Canadian Dollar has underperformed after stronger US data, lagging other high-beta currencies as USMCA renegotiation risk resurfaces.

NZD/USD extends its gains for the second successive session, trading around 0.6060 during the European hours on Thursday.

Silver (XAG/USD) posts marginal losses on Thursday, trading near $83.70 at the time of writing, yet with the $ 86.30 weekly high at a short distance and the immediate bullish trend intact.

USD/CAD remains in the positive territory after registering modest gains in the previous session, trading around 1.3580 during the European hours on Thursday. The technical analysis of the daily chart shows the pair remains within the descending channel pattern, suggesting a persistent bearish bias.

OCBC’s FX strategists Sim Moh Siong and Christopher Wong note that the Japanese Yen has strengthened alongside post-election rallies in Japan’s bond and equity markets, helped by easing fiscal concerns.

The Aussie Dollar (AUD) pulled back from three-year highs at 0.7147 as the US Dollar (USD) picked up following upbeat US Nonfarm Payrolls data.

Scotiabank’s Analyst Team reports the Euro is modestly higher versus the Dollar but lagging other G10 currencies, with sentiment and options pricing favouring upside protection.

Here is what you need to know on Thursday, February 12:

The Euro (EUR) is practically flat against tht the US Dollar (USD) on Thursday, trading at 1.1860 at the time of writing, after failing to extend above the 1.1925 area earlier this week.

The EUR/GBP cross pares recent losses near 0.8710 during the early European session on Thursday. The Pound Sterling (GBP) edges lower against the Euro (EUR) after the release of UK growth numbers.

UOB analysts Quek Ser Leang and Peter Chia note that AUD/USD surprised to the upside, reaching 0.7143 and closing around 0.7127. Intraday, they see room for a test of 0.7150 before pullback risks increase, with 0.7175 as the next resistance.

The GBP/USD pair turns lower for the third straight day on Thursday and retreats further from a one-week high, around the 1.3715 region, touched the previous day.

Scotiabank’s Analyst Team highlights strong Japanese Yen performance, with USD/JPY pressured by a post-election relief rally and supportive Bank of Japan policy stance.

The EUR/USD pair trades in negative territory for the third consecutive day near 1.1860 during the early European session on Thursday. Traders will keep an eye on the US weekly Initial Jobless Claims data. On Friday, the attention will shift to the US Consumer Price Index (CPI) inflation report. 

USD/JPY extends its losses for the fourth successive session, trading around 152.90 during the Asian hours on Thursday. The pair weakens as the Japanese Yen (JPY) strengthens following renewed verbal intervention from Tokyo.

USD/CHF remains steady after two days of gains, trading around 0.7710 during the Asian hours on Thursday.

The AUD/JPY cross meets with a fresh supply near the 109.40 area during the Asian session on Thursday and slides back closer to the weekly trough, touched the previous day. Spot prices currently trade around the 108.70 region, down 0.40% for the day, though the downside potential seems limited.

The NZD/USD pair gains traction near 0.6055 during the early European trading hours on Thursday. However, the expectations of a slow and cautious Reserve Bank of New Zealand (RBNZ) tightening cycle might cap the upside for the pair.

USD/INR weakened on Thursday after posting modest gains in the previous session. The pair slipped as the Indian Rupee (INR) found support, with Asian currencies largely steady despite higher United States (US) Treasury yields following strong US jobs data.

The EUR/JPY cross extends this week's sharp retracement slide from the 186.25 region for the fourth straight day and drops to over a two-month low during the Asian session on Thursday.

The GBP/USD pair gains ground near 1.3635, snapping the two-day losing streak during the early European session on Thursday. The preliminary reading of UK Gross Domestic Product (GDP) for the fourth quarter (Q4) will be closely watched later on Thursday.

The GBP/JPY cross prolongs its weekly downtrend for the fourth straight day and dives to its lowest level since December 17, around the 207.65-207.60 region during the Asian session on Thursday.

AUD/USD extends its gains for the second successive session, reaching a three-year high of 0.7147 during the Asian hours on Thursday. The pair strengthened as the Australian Dollar (AUD) drew support after the Reserve Bank of Australia (RBA) signalled a continued hawkish stance.

The USD/JPY pair sticks to its bearish bias for the fourth straight day on Thursday and trades just below the 153.00 mark during the Asian session, close to a two-week low set the previous day.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.9457 compared to the previous day's fix of 6.9438 and 6.9153 Reuters estimate.

The EUR/USD pair struggles to capitalize on the overnight bounce from the 1.1835-1.1830 region and oscillates in a narrow band during the Asian session on Thursday.

The Pound Sterling pulled back from four-year highs on Wednesday, weighed down by a combination of Bank of England (BoE) dovishness and UK political uncertainty, even as the US Dollar weakened on soft labor market revisions.

The New Zealand Dollar is holding near multi-month highs against the US Dollar following Wednesday's US Non-Farm Payrolls (NFP) report, which showed 130K jobs added in January, above the 70K forecast, but was overshadowed by an 898K downward benchmark revision to 2025 payroll data that reinforced th

The USD/JPY pair attracts some sellers to around 153.20 during the early Asian session on Thursday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) in the aftermath of Prime Minister Sanae Takaichi's landslide election victory.