The European single currency weakened against the Japanese Yen on Friday, piercing the 123.00 major level, with trade closing at 122.70.
Price lows of April 14-15 were touching the 55-day SMA, but the bears were far from being successful to close XAU/USD below this vital support line.
The USD/JPY's correction has been short-lived, as the pair weakened on Friday and opened with a bearish gap on Monday.
Last Friday that British Pound managed to rebound against the US Dollar, completely erasing the preceding day's losses.
On Friday the volume of trading fell to the lowest level since March 28, while the Euro is getting ready for the ECB meeting later in the new week.
Negative news from the RBNZ on Thursday caused the New Zealand Dollar to sustain a rather serious loss against the American Dollar, but with the tough support cluster around 0.6820 limiting the volatility.
The US Dollar barely managed to outperform the Loonie on Thursday, as trade closed with a 27-pip rally over the day.
Yesterday the Aussie managed appreciate against its US counterpart, amid a strong reading of the Australian employment data.
The EUR/JPY cross is stuck in a clear consolidation trend, with the 123.00 major level acting as the lower border and the monthly S1 at 124.04 being the upper boundary.
The bullion posted another ultra-negative session on Thursday, by slumping as low as 1,229 by the end of US trading.
In spite of the poor US inflation data yesterday, the USD/JPY currency pair remained relatively unchanged.
On Thursday the Sterling declined against the US Dollar, with the nearest support, namely the weekly PP, managing to limit the losses.
EUR/USD pair fluctuated with no broad changes on Thursday, similar to those the same cross had posted back before Wednesday for eight consecutive days.
The Kiwi remained relatively unchanged against its US counterpart on Wednesday, having inched only five pips lower.
Even though the USD/CAD pair underwent the anticipated correction yesterday, the exchange rate still remained below the lowest level of Q4 2015.
The Aussie experienced a small setback on Wednesday, with the given pair edging 31 pips lower.
The Euro's rebound appears to have been short-lived, as momentum has been fading ever since the EUR/JPY put the monthly S1 to the test.
After a relatively calm Tuesday, the bullion commenced a major bounce from three-week highs yesterday and closed the US session around the monthly pivot point (1,241.50).
The risk appetite returned to the markets on Wednesday, causing the USD/JPY currency pair to edge higher, despite rather weak US Retail Sales figures.
With the return of ‘Brexit' fears the Pound declined against the US Dollar yesterday, also bouncing back from the four-week down-trend.
US fundamentals used to have little influence on the Dollar, because this currency continued to advance at the fastest daily pace since January.
The American Dollar suffered a rather serious loss against the Canadian Dollar on Tuesday, having slumped to the lowest since the last quarter of 2015.
With another increase in commodity prices, the Australian currency was able to outperform its US counterpart.
The New Zealand Dollar prolonged its rally against the US Dollar on Tuesday, with the exchange rate nearing the 11-week resistance line.