The Yen has softened while the Dollar has been mixed in typically narrow early-week ranges. USD-JPY nudged higher, posting a high of 112.71, which is a 12-day peak, while EUR-JPY has edged out a six-day high. This came as the Japanese currency underperformed amid a China-led rebound in stock markets in Asia following a fresh turn of verbal interventions from Chinese officials, with President Xi pledging to support the private sector, including with cuts in personal income tax rates. EUR-USD, meanwhile, has lifted to a three-day high at 1.1535, driven by broader Euro gains.
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