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USD/JPY tested key support today at 142.00 but a failure to break this level tomorrow could lead to a recovery. Will US PCE data prove to be a much-needed catalyst?
GBP prices weakened as UK inflation showed a drastic decline that could lead to the BoE cutting rates earlier than expected.
GBP prices remain resistant after UK jobs data provided some varied information. GBP/USD & EUR/GBP now look to US CPI & ZEW economic sentiment.
GBP/USD prices are attempting a pullback as UK house prices surprised to the upside as US labor markets come under the spotlight later today.
Pound prices have climbed steadily on the back of the USD selloff and will continue to be influenced by the US later today via the US core PCE price index report.