Besides that, USD/JPY is now back up by 0.1% to 146.60 after being down earlier to around 146.05 at the start of the session. The pair is hoping to snap three straight days of declines, though sellers are very much in control still. The 100-day moving average at 145.68 is a key technical point to watch.
The pair pushed above the resistance region around 0.6590-95 and is now holding at the highest levels since November last year. There's not too much catalysts for the fresh climb here as it mostly comes amid a softer dollar and a pick up in risk appetite in the past two days.
Dollar sentiment will be the main driver to test buyers' appetite. And that will come about in the form of US data later in the day. We'll have the weekly initial jobless claims and preliminary PMI data for July coming up.
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This article was written by Justin Low at investinglive.com.Hence then, the article about major currencies little changed for the most part today was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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