The US Dollar continues to see upward momentum overall against the Japanese yen, but on Monday could be thought of as a “pause”, with the day being Memorial Day in America. This doesn’t change the overall trend, but it was worth noting that the liquidity would be thin.
The Australian dollar has rallied a bit during the short holiday session on Monday, as the market continues to see a lot of choppiness in this pair. The market is one that you have to pay close attention to the short-term charts at the moment.
Investing.com -- Most European and Asian currencies were treading water on Monday, while the dollar steadied in thin trade, as markets awaited more cues on U.S. interest rates from key inflation data later in the week.
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