The Pound Sterling (GBP) is one of the strongest performers on Friday, showing moderate gains against the Japanese Yen (JPY). The GBP/JPY pair returns above 213.00 at the time of writing, and is on track to end the week near opening levels.

ING’s Francesco Pesole argues the Pound remains vulnerable as United Kingdom (UK) local election results show heavy losses for Labour and early calls for Prime Minister Starmer to resign.

The Euro (EUR) posts moderate gains against the US Dollar (USD) on Friday, trading a few pips shy of the 1.1750 level at the time of writing, to reverse Thursday's losses.

ING’s Francesco Pesole highlights that the Euro has been resilient on crosses but slipped versus the Dollar, with softer equities and commodity FX underperformance shaping flows.

The US Dollar (USD) trades moderately lower against the Japanese Yen (JPY) on Friday, on track to close the week practically flat, as Japanese authorities’ warnings about further interventions keep Yen sellers on their toes.

The GBP/USD pair trades 0.25% higher to near 1.3590 during the European trading session on Friday. The Cable reflects strength as the Pound Sterling (GBP) outperforms its major currency peers, except antipodeans, amid a revived risk-on rally.

The EUR/JPY cross gains traction to around 184.15 during the early European trading hours on Friday. The Euro (EUR) edges higher against the Japanese Yen (JPY) amid improved risk sentiment and hawkish signals from the European Central Bank (ECB).

Commerzbank’s Volkmar Baur argues that an end to the Iran conflict and a reopening of the Strait of Hormuz could support the Euro against the Dollar via relative real-rate dynamics.

AUD/USD pares its recent losses from the previous day, trading around 0.7220 during the Asian hours on Friday. The technical analysis of the daily chart indicates that the pair is moving upwards within the ascending channel, suggesting an ongoing bullish bias.

The EUR/GBP cross holds losses around 0.8650 during the early European session on Friday. The Euro (EUR) softens against the Pound Sterling (GBP) on the downbeat German economic data.

Statistics Canada will release its Labour Force Survey on Friday, and markets are bracing for quite a steady print. The Unemployment Rate is expected to remain at 6.7% in April, while the Employment Change is forecast to increase by 15K following a 14.1K gain in the previous month.

The Indian Rupee (INR) fails to extend its three-day winning streak against the US Dollar (USD) and corrects sharply on Friday. The USD/INR pair bounces back to near 94.56 from the two-week low of 94.03 posted on Thursday.

The USD/CAD pair struggles to build on its gains registered over the past two days and trades with a mild negative bias during the Asian session on Friday. Spot prices, however, hold above mid-1.3600s and remain close to a one-week top ahead of crucial employment details from the US and Canada.

NZD/USD appreciates after registering modest losses in the previous day, trading around 0.5940 during the Asian hours on Friday. The pair holds gains as the New Zealand Dollar (NZD) receives support from improving market sentiment driven by the de-escalation of renewed tensions in the Middle East.

The EUR/USD pair trades with a mild positive bias around the 1.1730-1.1735 region during the Asian session on Friday and, for now, seems to have stalled the previous day's modest slide.

USD/CHF holds gains for the second successive day, trading around 0.7810 during the Asian hours on Friday. The pair remains stronger as the US Dollar (USD) holds firm following modest gains recorded in the previous session.

The AUD/JPY cross trades in positive territory around 113.20 during the early European session on Friday. A potential truce between the United States (US) and Iran improves risk sentiment, supporting the Australian Dollar (AUD) against the Japanese Yen (JPY).

EUR/JPY steadies after posting a little gain in the previous trading day, hovering around 184.00 during the Asian hours on Friday.

The USD/JPY pair loses ground to around 156.85 during the Asian session on Friday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) following another intervention by Japanese authorities. Markets might turn cautious later on Friday ahead of the US April employment report. 

The GBP/USD pair posts modest gains around 1.3560 during the Asian trading hours on Friday. Hopes for a peace deal to end the Middle East conflict weaken the US Dollar (USD) as a safe-haven asset. The US April employment data will take center stage later on Friday. 

The AUD/USD pair finds some support near the 0.7200 mark during the Asian session on Friday, though it struggles to gain any meaningful traction amid persistent geopolitical uncertainties.

USD/CAD depreciates after two days of gains, trading around 1.3660 during the Asian hours on Friday. The pair weakens as the US Dollar (USD) softens amid improving market sentiment driven by the de-escalation of renewed tensions in the Middle East.

On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8502 compared to the previous day's fix of 6.8487 and 6.8138 Reuters estimate.

The USD/JPY pair flat lines around 157.00 during the early Asian session. The pair steadies following another intervention by Japanese authorities. Traders might wait on the sidelines ahead of the US April employment report, which will be published later on Friday. 

The EUR/USD pair posts modest gains around 1.1730 during the early Asian session on Monday, supported by growing optimism surrounding a potential US-Iran peace deal. Markets might turn cautious later in the day ahead of the highly-anticipated US Nonfarm Payrolls (NFP) report for April. 

GBP/USD edged slightly lower to around 1.3550 on Thursday, lower around 0.3% after the pair touched a session high near 1.3645 before turning back down.

AUD/USD edged about 0.2% lower on Thursday to around 0.7205, easing back from a multi-year peak just shy of 0.7280 reached earlier in the session.

USD/JPY recovered close to 156.90 on Thursday, edging up roughly 0.4% from Wednesday's slide to 155.04, the lowest level since early February.

The Mexican Peso erases some of its earlier gains and drops some 0.13% as the USD/MXN pair advances after the Bank of Mexico (Banxico) cut rates and warned that the easing cycle has ended. The exotic pair trades at 17.27 after testing a low of 17.19.

The NZD/USD pair is trading with a softer tone near the 0.5940 region on Friday, pressured by cautious market sentiment as investors continue tp react to rapidly changing headlines surrounding the potential peace agreement between the United States (US) and Iran.