Page 51 - Crosses News Today

AUD/JPY extends its winning streak for the sixth consecutive day as the Australian Dollar (AUD) strengthens against the Japanese Yen (JPY) following the Reserve Bank of Australia's (RBA) meeting minutes, which has transformed market bias towards the possibility of no rate cuts soon.

In Wednesday's session, the NZD/JPY was observed trading at 92.88, marking a 0.53% rally in its progress.

In Tuesday's session, the EUR/GBP traded mildly lower at 0.8555 with the cross easing from daily highs following Andrew Bailey’s comments.

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In Monday's session, the EUR/GBP was at 0.8555 amid anticipation of possible shifts in European Central Bank (ECB) policy, as recent indicators point towards revitalized wage growth and a surprising uptick in core inflation.

AUD/JPY snaps its three-day winning streak, trading lower around 98.10 during the European trading hours on Monday.

GBP/JPY receives upward support ahead of the release of Retail Sales data from the United Kingdom (UK) due on Friday.

EUR/JPY retreats from recent highs after Japan's top officials hinted at a potential intervention in the Forex market to curb further weakness in the Japanese Yen (JPY).

In Thursday's session, the EUR/GBP traded at 0.8560, showing a gain of 0.25% as the Sterling weakened due to softer-than-expected Q4 GDP data.

The EUR/GBP cross gains traction above the 0.8500 psychological mark during the early European trading hours on Wednesday.