USD/INR fell sharply after hitting a record high on Monday, raising market speculation for possible foreign exchange intervention by India’s central bank to prop up the rupee.
EUR/JPY remains steady after gaining ground in the previous session, trading around 156.60 during the Asian hours on Tuesday.
AUD/USD and NZD/USD show uncertainty due to the new tariffs imposed by the US president, while USD/JPY hits strong support but remains weak.
Emerging market currencies are not as resilient, and only a few from Central Europe are firmer. Click to read.
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The USD/JPY currency pair has been under selling pressure, dropping to a two-month low of 151.80 before stabilizing around 152.60 at the ...