As was anticipated, the Yen took the upper hand on Monday, reversing the EUR/JPY pair's polarity.
During the previous trading session the bullion failed to move even higher, as the commodity price has retreated back to the 1,200 level, where it remained rather flat on Tuesday morning.
The USD/JPY currency pair behaved in accordance with expectations yesterday, being that it managed to remain above the immediate support area and avoid substantial gains.
On Monday, the monthly S1 prevented British Pound from appreciating further, resulting in another spark of bearish momentum earlier today.
During the early hours of Tuesday's trading session the common European currency retreated against the US Dollar.
Although the Kiwi started the week with a higher opening than the previous closing price against the US Dollar, the currency pair declined by the middle of Monday's trading.
During the first half of Monday's trading session the Greenback remained rather flat against the Loonie, as the currency exchange rate was fluctuated near the 1.3450 level.
Disappointment in US earnings data on Friday allowed the Aussie to begin its recovery.
The Euro continued to outperform the Japanese Yen, having appreciated just over 100 pips on Friday.
During the early hours of Monday's trading session the yellow metal's price had surged above the 1,210 mark, as the bullion continued the course of regaining its losses.
"We believe the USD/JPY will edge upward to the ¥115-120 level not in a straight line but with some fluctuation over the coming 3-6 months." – Deutsche Bank (based on FXStreet) Pair's Outlook The Greenback failed to appreciate against the Japanese Yen on Friday, therefore, preserving the ascending channel's resistance line. The pair failed to reclaim the 115.00 major level, which suggests
Even though the US NFP data came out strong on Friday, the earnings growth still disappointed, bringing doubts over a March rate hike, thus, turning the tide on the Greenback's rally.
Due to comments from the president of the European Central Bank, Mario Draghi, the common European currency jumped against the US Dollar in the recent trading sessions.
The New Zealand Dollar regained strength against the US Dollar during the first half of Friday's trading session, as the currency exchange rate approached the resistance put up by the weekly S2 at the 0.6956 level.
The Greenback lost ground against the Loonie on Friday, as the currency exchange rate failed to break the resistance cluster located above it, near the 1.3225 level, during Thursday's trading session.
The AUD/USD currency pair continued to slide down yesterday, yet was unable to close below the 0.75 psychological level.
The ECB Draghi's hawkish speech yesterday strengthened the European single currency against a basket of currencies, including the Japanese Yen.
During the early hours of Thursday's trading session the yellow metal's price slipped even further lower, as the price reached below the 1,205 level.
For the third consecutive day on Wednesday the US Dollar outperformed the Japanese Yen.
The Cable managed to retain its position on Thursday, as the lack of potential market movers contributed to relatively flat trade.
The common European currency traded near the 1.06 mark against the US Dollar on Friday morning.
Wednesday, as expected, was another day of consolidation, being that the EUR/JPY pair remained relatively unchanged, even though rather strong volatility was seen.
By the middle of Thursday's trading session the New Zealand Dollar managed to book a new record low level against the US Dollar.
The Canadian Dollar continued to lose value against the Greenback, as the currency exchange rate surged higher by the middle of Thursday's trading session.