The USD/JPY pair extends its strong move up for the second straight day on Wednesday and spikes to a fresh one-month peak during the first half of the European session.

EUR/USD remained under heavy bearish pressure and lost more than 0.5% on Tuesday. After coming within a touching distance of 1.1600, the pair found support and was last seen trading marginally higher on the day near 1.1650.

Gold is sitting at the highest level on record near $3,550 early Wednesday, bracing for the upcoming US labor data for fresh trading impetus.

The Euro (EUR) gave back part of its recent recovery on turnaround Tuesday, with EUR/USD slipping toward the 1.1600 neighbourhood, hitting its lowest level in four days.

Gold prices soared, with XAU/USD surpassing the $3,500 mark for the first time early on Tuesday, as investors seek safety ahead of United States (US) data releases.

The Australian Dollar (AUD) gave back some of its recent gains against the US Dollar (USD) on Tuesday, with AUD/USD falling back to retest the 0.6480 zone, its lowest in days, while leaning on its temporary 100-day SMA.