The Bank of Japan (BoJ) raised rates to a 30-year high and signaled further hikes, but the yen weakened as markets judged the tightening path too slow to drive a near-term Japanese Yen (JPY) rebound, Commerzbank's FX analyst Volkmar Baur notes.
GBP/JPY reaches fresh record highs after registering little losses in the previous session, trading at 209.18 during the early European hours on Friday. A look at the daily chart shows the currency cross is moving upwards within an ascending channel pattern, indicating a persistent bullish bias.
USD/CHF recovers its recent losses registered in the previous session, trading around 0.7950 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) recovers losses ahead of the release of the University of Michigan Consumer Sentiment Index for December later in the day.