The US airstrike on Syria early this morning resulted in a sharp plunge for the European common currency, increasing safe-haven demand for the Yen.
On Friday the yellow metal's price jumped due to events in the world. The bullion's price surged due to the missile strikes conducted by the US on Syrian airfields.
There has been barely any movement registered in the USD/JPY currency pair for the third day in a row yesterday, with the 110.50 mark still proving to be a tough psychological support.
The US Dollar managed to outperform the British currency, but failed to carry out the anticipated retest of the support cluster around 1.2420.
During the second half of Wednesday's trading session the NZD/USD currency exchange rate passed the support of the weekly S1 at 0.6969 and declined.
The Greenback showed some volatility against the Canadian Dollar during the first half of Thursday's trading session.
The lack of strong market movers has stranded AUD/USD between the weekly S1 at 0.7585 and the 200-day SMA at 0.7554.
EUR/JPY has traded both in the green and red areas today. However, the downside volatility favours the euro bears, indicating that a move southward within this trading session is possible.
The USD/JPY currency pair weakened for the fourth time in a row yesterday, unable to maintain trade in the green zone.
During the early hours of Thursday's trading session the yellow metal's price made another attempt to break higher.
On Thursday morning the common European currency traded against the US Dollar below the resistance cluster, which it faced previously.
Even though the ADP data surprised to the upside yesterday, the FOMC Minutes weighed on the US Dollar, allowing the Pound to erase most of Tuesday's losses.
While the markets expected the fundamental news from the United States, during the first half of Wednesday's trading session the New Zealand Dollar remained flat against the US Dollar.
By the middle of Wednesday's trading session the US Dollar had suffered minor losses against the Canadian Dollar, as the currency exchange rate found support in the weekly R1 at 1.3396 level.
Not being able to breach the 200-day SMA on Tuesday's trading session, AUD/USD has now reversed its southward movement.
EUR/JPY has managed to reverse direction today, thus slightly recovering its losses after the seven-day slump.
During the early hours of Wednesday's trading session the common European currency attempted to break the resistance against the US Dollar put up by the monthly pivot point at the 1.0685 level.
The Cable weakened for the second day in a row yesterday, finding support in front of the tough demand area, represented by the weekly S1, the monthly PP, the 55 and the 100-day SMAs.
The US Dollar weakened against the Yen on Tuesday, marking a third consecutive decline.
On Wednesday morning the yellow metal's price remained almost unchanged at the 1,255 mark.
EUR/JPY continues to extend its losses during today's trading session, demonstrating that risk-averse investors are hedging against possible downward risks pressuring the Euro.
The Aussie has experienced a sharp movement downwards today, extending its losses for the fourth consecutive day.
Commodities continued to weigh on the Loonie, which allowed the US Dollar to climb 66 pips higher.
The NZD/USD currency pair remained relatively unchanged on Monday, which allowed it to retest the descending channel's upper border.