The Japanese Yen (JPY) strengthens against its American counterpart at the start of a new week, dragging the USD/JPY pair back below the 154.00 mark during the Asian session.

The EUR/JPY cross kicks off the new week on a positive note, albeit struggles to capitalize on its intraday move up and remains below the 162.00 mark through the Asian session.

AUD/JPY experiences volatility but remains subdued for the third successive day, trading around 100.50 during the early European hours on Monday.

GBP/JPY remains stable after a volatile session, trading near 194.20 during European hours on Monday.

In a recent column, we addressed the question of recent sharp depreciation of the Hungarian forint exchange rate, asking if the central bank (MNB) might have to intervene as an emergency.

The NZD/USD pair climbs above 0.5850 in the North American session on Monday.

The US Dollar Index (DXY) retreated from its fresh two-year high on Friday, softening towards 107.00.

Federal Reserve Bank of Chicago President Austan Goolsbee said on Monday that he foresees the Fed continuing to lower rates toward a stance that neither restricts nor promotes economic activity, per Bloomberg.

Federal Reserve Bank of Minneapolis President Neel Kashkari said on Monday that it is still appropriate to consider another interest-rate reduction at the Fed’s December meeting, per Bloomberg.

The European Central Bank (ECB) Governing Council member Joachim Nagel said that inflation that’s headed toward the ECB’s target will allow for more interest-rate cuts, but officials mustn’t rush, per Bloomberg.

The NZD/USD pair attracts some sellers to around 0.5810 during the Asian trading hours on Tuesday.