The EUR/USD pair attempts to regain ground near 1.1770 during the Asian trading session on Friday. The major currency pair attracts slight bids as the US Dollar ticks down amid an improvement in speculation that the Federal Reserve (Fed) could cut interest rates in the March policy meeting
EUR/JPY trades around 185.40 on Thursday at the time of writing, up 0.10% on the day. The cross is mainly supported by the underperformance of the Japanese Yen, amid rising political uncertainty in Japan, while the Euro shows a more mixed profile due to conflicting macroeconomic signals.
The Pound has retraced previous losses and is trading higher against an ailing Japanese Yen in Thursday’s early London session. Bulls have pushed the pair back above 214.00 at the time of writing, on track to a five-day rally and with the 16-year high, at 215.00 coming closer.