Page 84 - Urrencies News Today

USD/JPY saw a hard rally early Tuesday after the Bank of Japan (BoJ) cut the knees out from underneath soaring market expectations of an unexpected hawkish pivot sparked by recent comments from BoJ Governor Kazuo Ueda, who noted that the BoJ's current monetary policy framework could see some tightening at some point in the future if the macro data favors it.

During Wednesday's Asian session, Japan will release trade data.

On Tuesday, the EUR/GBP was sighted trading at 0.8630, enduring minor losses after bottoming at a daily low of 0.8600.

The AUD/USD broke above 0.6730, boosted by a weaker US Dollar, and jumped to 0.6774, reaching the highest level since late July.

On Monday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.0933 as compared to Friday's fix of 7.0957 and 7.1135 Reuters estimates.

Here is what you need to know on Monday, December 18: Following the previous week's highly volatile action amid major central banks' monetary policy announcements, markets seem to have stabilized to start the new week.

EUR/USD closed in negative territory on Friday but still gained more than 1% in the previous week.

The GBP/USD pair attracts some dip-buying around the 1.2655 area during the Asian session on Monday and for now, seems to have stalled its retracement slide from the vicinity of the 1.2800 mark, or a near four-month peak touched last week.

A review of things you need to know before you sign off on Monday; record house building, improved sentiment, PSI rises in south, banks & farmers fall out, swaps hold, NZD holds, & more

Asia market update: Quiet trading day pre-BOJ rate decision tomorrow, but implied USD/JPY volatility jumps to highest since July 27; $2.35B of M&A activity in Australia.