USD/JPY surged to a 9½-month peak near 155.40 despite warnings from Japan’s Finance Minister over excessive yen moves.

There is room for US Dollar (USD) to test 155.55; it is unclear whether USD can break clearly above this level.

The USD/CHF pair extends its winning streak for the third trading day on Tuesday. The Swiss Franc pair rises to near 0.7972 as the US Dollar (USD) gains amid receding hopes that the Federal Reserve (Fed) could cut interest rates again this year.

EUR/JPY trades around 179.90 on Tuesday at the time of writing, virtually unchanged on the day, as the cross continues to consolidate just beneath the psychological 180.00 level.

New Zealand Dollar (NZD) is expected to edge lower to 0.5635; the major support at 0.5605 is not expected to come under threat. In the longer run, no change in view; NZD is likely to trade in a range between 0.5605 and 0.5695, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

There is a chance for Australian Dollar (AUD) to drop further, but the major support at 0.6460 could be out of reach for now. In the longer run, AUD is likely to trade with a downward bias toward 0.6460, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Pound Sterling (GBP) is expected to trade between 1.3125 and 1.3185. In the longer run, upward momentum is starting to slow; a breach of 1.3105 would indicate that GBP is likely to range-trade, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The AUD/USD pair recovers its early losses and rises mildly to near 0.6500 during the European trading session on Tuesday. The Aussie pair pares losses as the Australian Dollar (AUD) strengthens, following the release of the Reserve Bank of Australia (RBA) minutes for the November policy meeting.

EUR/USD recovers some of the last two days' losses, trading around 1.1600 at the time of writing on Tuesday after hitting lows at 1.1585.

The equity sell-off would generally set the perfect ground for a recovery in the oversold yen, but idiosyncratic factors continue to keep USD/JPY bid, ING's FX analyst Francesco Pesole notes.

EUR/USD is holding near the 1.160 handle ahead of key US data, with the euro’s liquidity helping it avoid a sharp hit from the equity sell-off. So far, losses in G10 FX have been mostly confined to high-beta currencies, notably AUD and NZD, ING's FX analyst Francesco Pesole notes.

The Pound Sterling (GBP) trades subdued against its major currency peers, except antipodeans, on Tuesday as investors turn cautious ahead of the United Kingdom (UK) Consumer Price Index (CPI) data for October, which will be released on Wednesday.

USD/CAD remains stable after registering modest gains in the previous session, trading around 1.4050 during the European hours on Tuesday. The daily chart’s technical setup reflects a persisting bullish bias, with the pair continuing to trade within its ascending channel.

The NZD/USD pair trades with mild losses around 0.5655 during the early European session on Tuesday. An imminent rate cut from the Reserve Bank of New Zealand (RBNZ) weighs on the New Zealand Dollar (NZD) against the Greenback.

Here is what you need to know on Tuesday, November 18:

The EUR/GBP cross flat lines near 0.8810 during the early European session on Tuesday. Nonetheless, recent weak UK Gross Domestic Product (GDP) data has pressured the Bank of England (BoE) to potentially cut rates, which might drag the Pound Sterling (GBP) lower against the Euro (EUR).

USD/CHF retraces its recent gains registered in the previous session, trading around 0.7950 during the Asian hours on Tuesday.

The EUR/USD pair trades calmly near 1.1600 during the late Asian trading session on Tuesday, following the corrective move from an over two-week high of 1.1656.

The Indian Rupee (INR) opens on a flat note against the US Dollar (USD) on Tuesday.

The AUD/JPY cross attracts sellers for the second consecutive day on Tuesday and retreats further from a one-year peak, around the 101.80 region, touched last week.

The EUR/JPY cross declines to near 179.70 during the early European session on Tuesday. The cross retreats after reaching new record highs in the previous session. However, the potential downside for the cross might be limited amid the ongoing weakening of the Japanese Yen (JPY).

GBP/USD remains subdued for the third successive session, trading around 1.3150 during the Asian hours on Tuesday. The pair struggles as the Pound Sterling (GBP) comes under strain after the United Kingdom (UK) Chancellor of the Exchequer Rachel Reeves abandoned planned income-tax rises.

The USD/CAD pair struggles to capitalize on the previous day's positive move to a one-and-a-half-week high and oscillates in a narrow range during the Asian session on Tuesday.

The Japanese Yen (JPY) continues with its relative underperformance through the Asian session on Tuesday and drops to a fresh low since early February against a firmer US Dollar (USD).

The NZD/USD pair drifts lower to around 0.5655 during the Asian trading hours on Tuesday. The New Zealand Dollar (NZD) softens against the US Dollar (USD) amid an imminent rate cut from the Reserve Bank of New Zealand (RBNZ).

The Australian Dollar (AUD) remains subdued against the US Dollar (USD) on Tuesday after registering losses in the previous session. The AUD/USD pair holds losses after the Reserve Bank of Australia (RBA) published the Minutes of its November monetary policy meeting.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 7.0856 compared to the previous day's fix of 7.0816 and 7.1096 Reuters estimate.

The GBP/JPY rallies to a five-week high of 204.53 on Monday, up by 0.33% as the Japanese Yen weakens on growing tensions between China and Japan.

The USD/JPY pair trades in positive territory near 155.20 during the early Asian session on Tuesday.

The Reserve Bank of Australia (RBA) will publish its minutes of its monetary policy meeting on Tuesday at 00.30 GMT.