Fundamental

The USD/JPY pair continues to see a bit of support below, as we are trying to sort out whether or not the 152-yen level will continue to hold the market up.

The US dollar rallied slightly against the Loonie as we see a major bottom tested near the 1.35 level. At this point, the markets are trying to continue to hold onto the range that we have been in lately.

The euro was very noisy on Monday, as traders continue to try and sort out where the currency pair is going. Keep in mind that the Swiss National Bank is watching very closely how the Franc is behaving.

The British pound fell slightly in shortened trading on Monday, as the Americans will have been celebrating President’s Day.

The GBP/USD exchange rate remained unchanged in the past few days as investors focus on the upcoming upcoming UK jobs and consumer inflation report. It was trading 1.3625 on Tuesday morning, down substantially from the year-to-date high of 1.3871.

Bitcoin price was stuck in a narrow range on Tuesday morning as the Chinese New Year started and futures open interest dropped to the lowest level since 2024. The BTC/USD pair was trading at 68,500, down sharply from the all-time high of 126,200.