The USD/JPY pair trades in positive territory near 158.10 during the early Asian session on Tuesday. The Japanese Yen (JPY) softens against the US Dollar (USD) amid political concerns in Japan.

The GBP/JPY rises on Monday, courtesy of a risk-off mood that weighed on safe-haven peers like the Japanese Yen and the Dollar, which are trading softer against most currencies. At the time of writing the cross-pair trade at 212.88 up 0.61%.

The Australian Dollar (AUD) gains traction against the US Dollar (USD) on Monday, with AUD/USD snapping a three-day losing streak as broad-based weakness in the Greenback lifts the pair. At the time of writing, AUD/USD trades around 0.6714, up nearly 0.35% on the day.

NZD/USD advances and trades around 0.5770 on Monday, up 0.60% on the day at the time of writing. The US Dollar (USD) weakens against the New Zealand Dollar (NZD) as renewed concerns over the independence of the Federal Reserve (Fed) underpin the pair.

USD/CHF trades around 0.7970 on Monday at the time of writing, down 0.55% on the day, after snapping a four-day winning streak. The pair is weighed down by a stronger Swiss Franc (CHF), supported by safe-haven flows as global markets face heightened geopolitical and political risks.

The Euro (EUR) regains traction against the US Dollar (USD) at the start of the week, as renewed weakness in the Greenback lifts EUR/USD away from one-month lows. At the time of writing, the pair trades around 1.1675, up nearly 0.35% on the day, snapping a seven-day losing streak.

The British Pound stages a comeback on Monday as traders grow risk avers following threats for the US Federal Reserve independence.

The Japanese Yen (JPY) is trading flat to the US Dollar (USD) while underperforming all of the G10 currencies in an environment of broad-based USD weakness, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Pound Sterling (GBP) is up an impressive 0.5% vs. the US Dollar (USD) and outperforming all of the G10 currencies with the exception of New Zealand Dollar (NZD) and Swiss Franc (CHF), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Euro (EUR) is strong, up 0.4% vs. the US Dollar (USD) and a mid-performer among the G10 currencies in an environment of broad-based USD weakness, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Canadian Dollar (CAD) has picked up a little ground intraday, reflecting the broader pressure on the US Dollar (USD), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Germany Current Account n.s.a. rose from previous €14.8B to €15.1B in November

The Japanese Yen (JPY) gains modest ground against the US Dollar (USD) at the start of the week as the Greenback comes under pressure across the board, following reports of a criminal probe involving Federal Reserve (Fed) Chair Jerome Powell that have unsettled market sentiment.

The US Dollar is trading lower across the board, weighed by fresh concerns about the US Federal Reserve’s (Fed) independence.

Strong momentum indicates further US Dollar (USD) strength; deeply overbought conditions suggest that 158.90 is likely out of reach today. In the longer run, USD is likely to continue to rise; the level to watch is 158.90, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The Australian Dollar is posting a significant recovery against the US Dollar on Monday.

The USD/JPY pair trades firmly to its yearly high near 158.20 during the European trading session on Monday. The pair remains broadly firm while both the US Dollar (USD) and the Japanese Yen (JPY) are underperforming during the day.

The Euro posts minor losses against the British Pound on Monday, trading at 0.8670 at the time of writing, after failing to break resistance at 0.8690 for the second time over the last few days.

The AUD/USD pair trades 0.35% higher to near 0.6710 during the European trading session on Monday.

The combination of slowing momentum and oversold conditions suggest New Zealand Dollar (NZD) is likely to consolidate, probably between 0.5715 and 0.5750.

Instead of extending its decline, Australian Dollar (AUD) is more likely to range-trade between 0.6670 and 0.6710. In the longer run, the current price movements are likely part of a range-trading phase between 0.6655 and 0.6745, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

EUR/JPY trades around 184.40 on Monday at the time of writing, up 0.40% on the day, supported by a combination of macroeconomic factors favorable to the Euro (EUR) and negative for the Japanese Yen (JPY).

Picking a bottom on the Japanese Yen (JPY) remains hard. Speculation that Prime Minister Sanae Takaichi will dissolve the parliament and call snap elections has continued to rise over the weekend, ING's FX analyst Francesco Pesole notes.

Even without a significant increase in downward momentum, Pound Sterling (GBP) may yet test the major support at 1.3370. In the longer run, GBP could decline to 1.3370, potentially reaching 1.3340, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD/JPY continues to consolidate above its 50-day moving average, keeping upward momentum intact as the pair attempts to break out of its trading range formed since November, Société Générale's FX analysts note.

The Eurozone Sentix Investor Confidence Index improves significantly to -1.8 in January from -6.2 in December.

The Sterling stands comfortably at long-term highs above 212.10 on Monday, supported by a weaker Japanese Yen following news reporting that Prime Minister Sanae Takaichi might be considering calling snap elections in February.According to a Kyodo News report, Takaichi would have told an official of

Eurozone Sentix Investor Confidence climbed from previous -6.2 to -1.8 in January

EUR/USD jumped 0.35% on Monday's Asian trading session, and is trading near 1.1680 at the time of writing, after bouncing from one-month lows at 1.1620.

The Pound Sterling (GBP) recovers strongly to around 1.3450 against the US Dollar (USD) during the European trading session on Monday after a weak opening around 1.3390.