EUR/JPY trades around 183.50 on Monday at the time of writing, up 0.10% on the day, amid a backdrop of contrasting macroeconomic signals from Europe and Japan.

The USD/JPY pair trades 0.12% lower to near 157.85 during the European trading session on Monday. The pair is under pressure as the US Dollar (USD) underperforms broadly, following tariff announcement by United States (US) on several European Union (EU) members and the United States (US).

Silver (XAG/USD) is hovering at levels above $93.00, trading at a short distance from the $93.90 all-time highs hit last week, favoured by a strong risk-averse sentiment after US President Trump announced additional tariffs to some of its major European partners.Trump has put investors on their toes

Eurozone Core Harmonized Index of Consumer Prices (MoM) unchanged at 0.3% in December

Eurozone Harmonized Index of Consumer Prices (YoY) below expectations (2%) in December: Actual (1.9%)

Eurozone Core Harmonized Index of Consumer Prices (YoY) in line with forecasts (2.3%) in December

Eurozone Harmonized Index of Consumer Prices (MoM) meets forecasts (0.2%) in December

The US Dollar extends its reversal from Friday’s highs at 1.3928 against the Canadian Dollar, reaching session lows right below 1.3900 on Monday’s European session.

The Pound Sterling (GBP) trades 0.15% higher to near 1.3400 against the US Dollar (USD) during the European trading session on Monday.

German Finance Miniters (FM) Lars Klingbeil said during European trading hours on Monday that European Union (EU) prepares for a strong response to fresh tariffs threat from the United States (US) over Greenland’s sovereignty.

EUR/USD appreciates on Monday, despite a new tariff bout by US President Donald Trump.

The New Zealand Dollar bounced up from session lows around 0.5730, amid upbeat macroeconomic data from China, New Zealand’s major trading partner, and a weaker US Dollar.

Silver price (XAG/USD) gains ground after two days of losses, reached fresh record high of $94.15 during earlier hours. Currently, the Silver price is trading around $$93.70 per troy ounce during early European hours on Monday.

The EUR/GBP cross gains traction to near 0.8675 during the early European trading hours on Monday.

Here is what you need to know on Monday, January 19:

The AUD/JPY cross trades in negative territory near 105.65 during the early European trading hours on Monday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) as Japanese officials warn of currency intervention. 

The USD/CHF pair is down 0.55% to near 0.7985 during the late Asian trading session on Monday. The Swiss pair faces intense selling pressure as tensions between the Eurozone and the United States (US) over Washington’s desire to purchase Greenland have weighed heavily on the US Dollar.

The Indian Rupee (INR) demonstrates weakness against the US Dollar (USD) at the start of the week. The USD/INR pair clings to gains near the monthly high at 90.70 posted on Friday.

The EUR/USD pair gains ground to around 1.1625, snapping the four-day losing streak during the early European session on Monday.

USD/CAD halts its four-day winning streak, trading around 1.3900 during the Asian hour on Monday. The pair depreciates as the commodity-linked Canadian Dollar (CAD) receives support from higher Oil prices, given Canada’s status as the largest crude exporter to the United States (US).

The Japanese Yen (JPY) scales higher against a broadly weaker US Dollar (USD) for the second consecutive day on Monday and climbs to over a one-week high during the Asian session.

The Australian Dollar strengthened against the US Dollar (USD) on Monday following the release of Australia’s TD-MI Inflation Gauge, which rose to 3.5% year-over-year (YoY) in December, up from 3.2% previously.

Silver price (XAG/USD) trades in positive territory near $92.65 during the Asian trading hours on Monday. The white metal is set to hit a fresh record high as US President Donald Trump’s tariff threats boost the safe-haven flows.

The NZD/USD pair attracts fresh buyers at the start of a new week and jumps to a four-day high, around the 0.5770 area, during the Asian session amid a broadly weaker US Dollar (USD).

On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0051 compared to Friday's fix of 7.0078 and 6.9689 Reuters estimate.

EUR/USD gains ground after four days of losses, trading around 1.1630 during the Asian hours on Monday. The upside in the risk-sensitive pair may remain capped amid rising safe-haven demand, driven by escalating uncertainty surrounding the US–Greenland issue.

The GBP/USD pair gains traction to around 1.3400 during the early Asian session on Monday. The US Dollar (USD) weakens against the Pound Sterling (GBP) amid US President Donald Trump's latest tariff threats against Europe over ‌Greenland.

The National Bureau of Statistics of China (NBS) will publish its data at 02.00 GMT on Monday. China quarterly GDP is estimated to grow 1.0% in the fourth quarter (Q4), compared to an expansion of 1.1% in Q3. On an annual basis, the Chinese economy is forecast to expand 4.4% versus 4.8% prior.

The USD/JPY pair attracts some sellers to near 157.80 during the early Asian session on Monday. The Japanese Yen (JPY) edges higher against the US Dollar (USD) amid intervention fear from Japanese officials. The US markets are closed in observance of the Martin Luther King Jr.

EUR/USD drops even though the Dollar pared some of its earlier gains on Friday sparked by solid US economic data releases in the week, which has improved the outlook for the labor market. This trimmed the chances for further easing by the Federal Reserve, a tailwind for the Greenback.