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EUR/USD hovers around 1.0700 after German IFO data
![EUR/USD hovers around 1.0700 after German IFO data](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/EURUSD/world-currencies-53600634_XtraSmall.jpg)
EUR/USD stays in a consolidation phase at around 1.0700 in the European session on Wednesday. Upbeat IFO sentiment data from Germany helps the Euro hold its ground as market focus shifts to US Durable Goods Orders data.
USD/JPY refreshes 34-year high, attacks 155.00 as intervention risks loom
![USD/JPY refreshes 34-year high, attacks 155.00 as intervention risks loom](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/USDJPY/japanese-yen-62890274_XtraSmall.jpg)
USD/JPY is renewing a multi-decade high, closing in on 155.00. Traders turn cautious on heightened risks of Japan's FX intervention. Broad US Dollar rebound aids the upside in the major. US Durable Goods data are next on tap.
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Gold price flat lines above $2,300 mark, looks to US macro data for fresh impetus
![Gold price flat lines above $2,300 mark, looks to US macro data for fresh impetus](https://editorial.fxstreet.com/images/Markets/Commodities/Metals/Gold/gold-bars-50657756_XtraSmall.jpg)
Gold price (XAU/USD) struggles to capitalize on the previous day's bounce from over a two-week low – levels just below the $2,300 mark – and oscillates in a narrow range heading into the European session on Wednesday.
Worldcoin looks set for comeback despite Nvidia’s 22% crash Premium
![Worldcoin looks set for comeback despite Nvidia’s 22% crash](https://editorial.fxstreet.com/images/Markets/Currencies/Cryptocurrencies/Worldcoin/Worldcoin_XtraSmall.png)
Worldcoin price is in a better position than last week's and shows signs of a potential comeback. This development occurs amid the sharp decline in the valuation of the popular GPU manufacturer Nvidia.
Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out Premium
![Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out](https://editorial.fxstreet.com/images/Macroeconomics/EconomicIndicator/EconomicHealth/GDP/Growth/investor-drawing-chart-gm480304834-68588679_XtraSmall.jpg)
While it is hard to predict when geopolitical news erupts, the level of tension is lower – allowing for key data to have its say. This week's US figures are set to shape the Federal Reserve's decision next week – and the Bank of Japan may struggle to halt the Yen's deterioration.