Although the Aussie was unable to post solid gains against the US counterpart on Friday, Monday began with a relatively strong surge.
The EUR/JPY cross entered a period of consolidation last week and remained within its borders ever since. The lower boundary is located at 123.50, while the upper one is at 124.50.
On Monday morning the yellow metal continued to score gains against the US Dollar, as the bullion passed a significant resistance level.
The USD/JPY currency pair appears to have topped out last week, with the 114.40 mark being the reversal point.
Even though the US inflation data disappointed on Friday, the Cable was still unable to close in the green zone, but did manage to negate all intraday losses.
During the early hours of Monday's trading session the common European currency scored new heights against the US Dollar, as the currency exchange rate had touched the 1.0950 mark.
After the massive losses suffered during Thursday's trading session, the Kiwi was regaining ground against the Greenback on Friday.
By the middle of Friday's trading session the US Dollar made an attempt to reach the resistance at 1.3752 against the Canadian Dollar, and it failed.
On Thursday, the Aussie ended its second consecutive day with gains, confirming the validity of the downward-sloping channel.
As apparent on the hourly chart, the pair have been trading in the 123.59/124.41 range since Monday.
On Friday morning the yellow metal's price moved higher, as it was attempting to break the resistance, which is put up by the 100-day SMA.
Despite strong second class US fundamentals yesterday, the Greenback failed to outperform the Yen, due to a drop in yields and stocks.
The GBP/USD currency pair underwent another decline on Thursday, driven mostly by weak fundamental data from the UK.
After touching the 1.0840 mark on Thursday the EUR/USD currency exchange rate began a surge, which lasted into the morning hours of Friday's trading.
The Kiwi has fallen as a brick due to comments made by the Governor of the Reserve Bank of New Zealand Wheeler.
By the middle of Thursday's trading session the Loonie had suffered major losses against the US Dollar, as the USD/CAD currency exchange rate had broken past two weekly resistance levels.
During Wednesday's trading session, AUD/USD managed to retain its upward momentum and close at the 0.7369 mark.
Contrary to bearish expectations, traders concluded the Wednesday's trading session with gains.
Due to fundamental events in the US the price of the yellow metal remained above the 1,220 mark on Thursday morning.
The USD/JPY currency pair surprised with its performance once again, having breached the immediate resistance, thus, stabilizing above 114.00.
The Cable remained completely flat on Wednesday, although some upside volatility was registered.
On Thursday morning the common European currency traded between the 1.0860 and 1.0880 levels against the US Dollar.
During the first half of Wednesday's trading session the New Zealand Dollar scored gains against the US Dollar.
By the middle of Wednesday's trading session the Greenback had retreated against the Canadian Dollar down to the weekly PP, which is located at the 1.3695 mark.