PHP/JPY Exchange rate
Editors’ Picks

GBP/USD holds ground above 1.2600 ahead of UK CPI data
GBP/USD remains firm after losses in the previous session, trading around 1.2610 during the Asian session on Wednesday. Traders await the release of January’s Consumer Price Index data from the United Kingdom.

EUR/USD holds positive ground near 1.0450, FOMC Minutes in focus
The EUR/USD pair posts modest gains to around 1.0450 during the Asian trading hours on Wednesday, bolstered by the weakening of the US Dollar. However, tariff concerns and tense Russia-Ukraine negotiations might boost the Greenback and cap the upside for the major pair.

Gold price trades with mild negative bias; holds above $2,900 ahead of FOMC minutes
Gold price drifts lower as bulls opt to lighten their bets ahead of the FOMC minutes release. Concerns about Trump’s tariff plans and trade war fears lend support to the commodity. Fed rate cut bets undermine the USD and further act as a tailwind for the XAU/USD pair.

UK CPI set to rise in January, raising uncertainty over BoE rate cuts
United Kingdom’s Office for National Statistics will publish the January CPI data on Wednesday. The annual UK headline and core CPI inflation are expected to increase in January. The Pound Sterling braces for volatility on the UK CPI report data release amid a prudent BoE.

Rates down under
Today all Australian eyes were on the Reserve Bank of Australia, and rates were cut as expected. RBA Michele Bullock said higher interest rates had been working as expected, slowing economic activity and curbing inflation, but warned that Tuesday’s first rate cut since 2020 was not the start of a series of reductions.