The EUR/JPY cross trades in negative territory near 181.05 during the early European session in Friday. The Japanese Yen (JPY) edges higher against the Euro (EUR) amid some verbal intervention from Japanese authorities.

The Federal Statistics Office of Germany, Destatis, will publish the Retail Sales report on Friday at 07:00 GMT.

EUR/USD ticks lower after three days of gains, trading around 1.1590 during the Asian hours on Friday. The pair loses ground as the US Dollar (USD) holds ground after three days of losses.

The GBP/JPY cross attracts some intraday sellers following an Asian session uptick to the 207.20 area, or a fresh high since July 2024, and turns lower for the second straight day on Friday.

The USD/CAD pair posts modest gains near 1.4030 during the Asian trading hours on Friday. The potential upside for the Greenback might be limited as traders ramped up bets for further monetary easing from the US Federal Reserve (Fed) next month.

The Japanese Yen (JPY) ticks lower during the Asian session on Friday, despite mostly upbeat domestic data, and retreats further from the vicinity of a one-week top against its American counterpart.

The Australian Dollar (AUD) advances against the US Dollar (USD) on Friday, extending its gains for the sixth consecutive day.

On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0789 compared to the previous day's fix of 7.0779 and 7.0769 Reuters estimate.

The NZD/USD pair holds steady near the monthly high, around the 0.5730 region, during the Asian session on Friday and looks to build on its strong move up witnessed over the past week or so.

GBP/USD continues its winning streak for the seventh successive session, trading around 1.3240 during the Asian hours on Friday. The pair strengthens as the US Dollar (USD) weakens amid growing expectations of a Federal Reserve (Fed) rate cut in December.

EUR/USD is flat on Thursday amid thin trading liquidity conditions as US markets are closed for Thanksgiving. Still expectations that the Federal Reserve might reduce borrowing costs keep the Greenback pressured, with the Euro poised to end the week with gains. The pair trades at 1.1596.

South Korea Industrial Output (YoY) declined to -8.1% in October from previous 11.6%

South Korea Industrial Output Growth came in at -4% below forecasts (-0.2%) in October

The US Dollar (USD) navigated an inconclusive range near recent lows, as volatility remained scarce and trade conditions thin in light of the Thanksgiving Day holiday on Thursday. In the meantime, expectations for another rate cut by the Federal Reserve in December remained well in place.

The Australian Dollar (AUD) remains on the front foot against the US Dollar (USD) on Thursday, as traders lean into expectations that the Reserve Bank of Australia (RBA) will keep policy steady at its December meeting while maintaining a hawkish bias.

USD/CHF trades around 0.8050 on Thursday at the time of writing, virtually inchandeg for the day.

The Japanese Yen trims part of its earlier recovery against the US Dollar on Thursday as the Greenback shows resilience in muted, holiday-thinned trading. At the time of writing, USD/JPY is hovering around 156.30, edging higher modestly after briefly touching a daily low of 155.73.

EUR/JPY trades around 181.25 on Thursday at the time of writing, as the market digests a mild boost for the Euro (EUR) from the latest European Central Bank (ECB) Accounts alongside a still-challenging backdrop for the Japanese Yen (JPY).

The GBP/USD remains steady at around 1.3230 as market participants digest the UK’s autumn budget amid thin trading liquidity conditions with US markets remaining closed in observance of Thanksgiving Holiday. The pair is flat at 1.3232 virtually unchanged.

The Euro (EUR) trades flat against the British Pound (GBP) on Thursday after a sharp slide on Wednesday following the United Kingdom’s Autumn Budget. At the time of writing, EUR/GBP is trading near 0.8761, holding close to a one-month low as sentiment continues to favour Sterling.

GBP/JPY holds steady near 207.00 on Thursday after touching a fresh year-to-date high on the previous day, with sentiment leaning in favour of the British Pound (GBP) following the United Kingdom’s Autumn Budget.

The New Zealand Dollar is coming under growing bullish pressure against the US Dollar, after breaking above the 0.5680 resistance area.

AUD/USD trades around 0.6525 on Thursday at the time of writing, up 0.12% on the day. The Australian Dollar (AUD) continues to appreciate against the US Dollar (USD), supported by a market environment where expectations of monetary easing by the Federal Reserve (Fed) are intensifying.

The US Dollar is retracing losses against the Canadian Dollar on Thursday, following a sharp reversal in the previous two days.

Markets are weighing BoE rate cut prospects against sticky inflation and muted growth, leaving GBP outlook nuanced despite yesterday’s calm in gilt markets, Rabobank's FX analyst Jane Foley reports.

The Jpanese Yen (JPY) has continued to trade at weaker levels during the Asian trading session alongside the US dollar which has corrected lower in response to dovish comments from New York Fed President Williams who signalled he still sees room for another rate cut in December.

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