USD/JPY advances as Japanese Yen falters on reduced BoJ tightening confidence

USD/JPY trades around 156.30 on Wednesday at the time of writing, up 0.26% on the day, as the Japanese Yen (JPY) remains under pressure against the US Dollar (USD). The pair extends its recent upward move amid growing uncertainty over the interest rate path of the Bank of Japan (BoJ).

Dow Jones Industrial Average edges higher ahead of pivotal Nvidia earnings

The Dow Jones Industrial Average (DJIA) rose around 200 points, or 0.4%, taking a fresh run at the 49,400 region on Wednesday as equity markets traded cautiously bullish ahead of Nvidia's highly anticipated fiscal fourth-quarter earnings report after the bell.

Sweden: Soft services inflation keep Riksbank cautious – Nordea

Nordea’s Torbjörn Isaksson notes that Swedish January CPIF and CPIF ex energy matched flash estimates, but services inflation surprised on the downside. Core services prices fell more than expected, raising concerns for the Riksbank.

EUR/USD recovers as Greenback fails to sustain upside momentum

EUR/USD regains traction on Wednesday as the US Dollar’s (USD) upside momentum fades, allowing the Euro (EUR) to trim its earlier intraday losses. At the time of writing, EUR/USD is trading around 1.1805, rebounding from the daily low near 1.1771.

NZD/USD climbs on weaker US Dollar following Trump’s State of Union speech

NZD/USD trades around 0.5980 on Wednesday at the time of writing, up 0.27% on the day and extending its rebound for a second consecutive day. The pair benefits from a weaker US Dollar (USD) after US President Donald Trump delivered his State of the Union address before Congress.