The GBP/USD pair oscillates in a narrow band around the 1.3500 psychological mark through the first half of the European session on Friday and remains close to the weekly low, touched the previous day.
Gold is testing bearish commitments once again at the $5,200 level early Friday, looking to close the week over 1.50% higher. However, buyers await the US Producer Price Index (PPI) data for fresh trading impetus.
EUR/USD remains unable to gather serious traction, leaving the door open to further weakness down the road, where it could put its critical 200-day SMA to the test in case of a convincing breach below the monthly floor near 1.1740.
It looks like AUD/USD has finally shaken off that messy, directionless trading and is now pushing back towards its year-to-date highs, reclaiming territory north of 0.7100.
There’s been a subtle but powerful shift in Japan that may be decisive for the Yen’s performance in the medium to long term.
The Japanese Yen has been underperforming against major currencies and there’s little reason to expect a turnaround anytime soon.