Fundamental

The USD/JPY pair builds on the previous day’s bounce from the 154.00 mark and gains strong follow-through positive traction on Tuesday.

EUR/USD lost its traction in the second half of the day on Monday and closed the day virtually unchanged after starting the week with a bullish gap. Early Tuesday, the pair continues to edge lower and trades below 1.1800.

Gold is testing bids under the $5,200 level early Tuesday, consolidating the uptick to one-month highs of $5,250. Buyers seem to have taken a breather after four back-to-back trading days of gains.  

EUR/USD now seems to have moved into a consolidative phase following the pair’s inability to clear the February highs north of 1.1900 the figure, somewhat stabilisng around or just below the 1.1800 region.

AUD/USD has been struggling for direction again in the last few days, after reaching new highs of approximately 0.7150 earlier this month.

The US dollar has rallied a bit against the Japanese yen on Friday as we have seen a lot of interest rate movement and news during the session.