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Japanese Yen struggles amid BoJ uncertainty; USD/JPY holds steady below nine-month high
The Japanese Yen (JPY) oscillates in a narrow band against its American counterpart during the Asian session on Friday and remains close to a nine-month low, touched the previous day.

Australian Dollar remains stronger following key economic data from China
The Australian Dollar (AUD) advances against the US Dollar (USD) on Friday, recovering losses registered in the previous session. The AUD/USD pair gains ground following the release of China's Industrial Production and Retail Sales data for October.

PBOC sets USD/CNY reference rate at 7.0825 vs. 7.0865 previous
The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.0825 compared to the previous day's fix of 7.0865 and 7.0964 Reuters estimate.

Japan's Takaichi: Hard to set numerical target for minimum wage now
Japan's Prime Minister Sanae Takaichi said on Friday that the government is not in a position to set a new numerical target for the nationwide minimum wage, arguing that instead that its role is to create conditions that enable businesses to raise pay faster than inflation.

Japan's Kiuchi: Weak Yen may increase CPI through import costs
Japan's Economics Minister Minoru Kiuchi said on Friday that a weak Japanese Yen (JPY) can push up CPI through import costs.

When are the China Retail Sales, Industrial Production and how could they affect AUD/USD?
The National Bureau of Statistics of China (NBS) will publish its data for October at 02.00 GMT. Retail Sales is expected to show an increase of 2.7% year-over-year (YoY) in October, compared to 3.0% in the previous reading.

GBP/USD bulls struggle as UK tax plans and weak data weigh
GBP/USD caught a brief bullish slant to Thursday's trading window, with Cable traders brushing off a worse-than-expected Gross Domestic Product (GDP) growth print from the third quarter.

US President Donald Trump prepares tariff exemptions in bid to lower food prices
The Trump administration is preparing broad exemptions to certain tariffs in an effort to lower elevated food prices that have raised concerns for American consumers, the New York Times reported on Friday.

UK PM Starmer and Finance Minister Reeves drop plan to hike income tax rates -- FT
UK Prime Minister Keir Starmer and Finance Minister Rachel Reeves have dropped the plan to raise income tax rates, in a dramatic turn ahead of the budget on November 26, the Financial Times reported on Thursday.

USD/JPY declines to near 154.50 amid Fed rate cut doubts
The USD/JPY pair declines to near 154.50 during the early Asian session on Friday. The US Dollar (USD) softens against the Japanese Yen (JPY) as bets on a Federal Reserve (Fed) rate cut in December remain pretty divided. The Fed's Lorie Logan and Raphael Bostic are due to speak later in the day.

GBP/JPY Price Forecast: nears 204.00 as uptrend stalls amid intervention threats
The GBP/JPY prolongs its gains on Thursday up a modest 0.22%, distancing from the 20-day Simple Moving Average (SMA) at 202.48, seen as the first support area for the cross-pair. At the time of writing, the cross trade at 203.82 shy of reclaiming the 204.00 milestone.

EUR/USD hits two-week high above 1.1650 as US Dollar slips despite easing Fed cut bets
EUR/USD advances past the 1.1600 figure on Thursday, hitting a two-week high of 1.1656, yet is unable to decisively crack the 50-day Simple Moving Average (SMA) key resistance at 1.1661.

Fed's Musalem: Need to proceed with caution now
Federal Reserve (Fed) Bank of St.

USD/JPY slips as Greenback weakens, Fed rate cut bets hinge on delayed US data
The Japanese Yen (JPY) strengthens against the US Dollar (USD) on Thursday, with USD/JPY snapping a four-day winning streak as the Greenback extends its recent slide. At the time of writing, the pair is trading near 154.35, hovering just below the nine-month high of 155.05 reached on Wednesday.

FX Today: GDP figures in Euroland take centre stage; investors gear up for US data
The US Dollar (USD) resumed its downtrend on Thursday, reaching fresh monthly lows as market participants assessed the deal that ended the longest US government shutdown in history. Meanwhile, bets on a Fed rate cut in December remained pretty divided.

Fed's Hammack: Politics plays no role in setting monetary policy
Federal Reserve (Fed) Bank of Cleveland President Beth Hammack, in a fireside chat at the Economic Club of Pittsburgh on Thursday, she said that the United States (US) economy has been remarkably resilient and that some of inflation may be tariff-driven, but service inflation is a real concern.

USD/CHF drops as US Dollar weakens on improved risk appetite
USD/CHF trades sharply lower on Thursday, hovering around 0.7910, down 0.80% for the day at the time of writing. The pair extends its seven-day losing streak, reaching a three-week low.

AUD/USD Price Forecast: Stalls below 50-day SMA as buyers struggle to extend gains
The Australian Dollar (AUD) eases slightly against the US Dollar (USD) on Thursday, reversing most of the early advance after briefly climbing to a two-week high on the back of stronger-than-expected employment data.

Fed's Kashkari: Inflation still too high, at 3%
Federal Reserve Bank of Minneapolis President Neel Kashkari gave a speech at the Opportunity & Inclusive Growth Institute's Research Conference hosted by the Federal Reserve (Fed) Bank of Minneapolis on Thursday, in which he talked about the labor market and inflation.

GBP/USD rises towards 1.3200 as US reopening weigh on USD, BoE cut bets mount
The Pound Sterling advances on broad US Dollar weakness amid the US government's reopening, which would unveil a tranche of economic data for traders and the Federal Reserve. The GBP/USD trades at a two-day high of 1.3194, up 0.46%.
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