Trading news

The EUR/JPY cross stages a goodish intraday recovery from the 156.75 area, or its lowest level since early December touched earlier this Friday and for now, seems to have snapped a two-day losing streak.

The US Dollar Index (DXY) continues its upward momentum for the second consecutive day, trading around 107.80 during Asian hours on Friday.

Japan Leading Economic Index registered at 108.9 above expectations (108.1) in December

Japan Coincident Index increased to 116.8 in December from previous 115.4

The EUR/USD pair trades on a softer note around 1.0375 during the Asian session on Friday.

US Nonfarm Payrolls are set to increase by 170K in January after reporting 256K in December.

India Reverse Repo Rate: 3.35%

The GBP/USD pair struggles to capitalize on the overnight bounce from a multi-day low and trades with a mild negative bias, around the 1.2425 area during the Asian session on Friday.

India RBI Interest Rate Decision (Repo Rate) in line with forecasts (6.25%)

Gold prices rose in India on Friday, according to data compiled by FXStreet.

The GBP/USD pair struggles to capitalize on the overnight bounce from a multi-day low and trades with a mild negative bias, around the 1.2425 area during the Asian session on Friday.

The USD/CAD pair remains silent around 1.4310 during the Asian session on Friday.

Gold price (XAU/USD) regains positive traction following the previous day's modest slide and remains within striking distance of the all-time peak during the Asian session on Friday.

Indonesia Foreign Reserves up to $156.1 in January from previous $155.7

Silver price (XAG/USD) remains in positive territory for the fifth consecutive session, trading around $32.30 per troy ounce during Asian hours on Friday.

The Indian Rupee (INR) holds steady after falling to a fresh all-time low in the previous session.

The Japanese Yen (JPY) prolongs its uptrend for the fourth successive day and advances to a nearly two-month high against its American counterpart during the Asian session on Friday.

Gita Gopinath, the First Deputy Managing Director of the International Monetary Fund (IMF), said Friday that “Japan’s services inflation remains below 2% target, which is why remains appropriate the Bank of Japan (BoJ) to maintain accommodative monetary policy.” Additional quotes We see positive signs of Japan's inflation moving durably to the 2% target.

Nada Choueiri, Deputy Director of the International Monetary Fund’s (IMF) Asia-Pacific Department and its mission chief for Japan, said on Friday that the “Bank of Japan (BoJ) is likely to raise interest rates again this year.” Additional quotes See them reaching levels deemed neutral to the economy by end-2027.

The Australian Dollar (AUD) remains weak against the US Dollar (USD) for the second consecutive day on Friday.