Forex Market Consolidates as Yen Awaits Tokyo CPI, Ethereum Eyes 3700 Resistance

The currency markets are abuzz with activity this week as the Yen resumes its rally following key economic data releases in Tokyo. At the same time, the Swiss GDP and Eurozone inflation numbers are also making waves in the market.

Forex traders are keeping a close eye on the Yen as it continues to strengthen amidst relatively quiet trading conditions. In other news, the Australian Dollar and Japanese Yen pair is testing important levels, indicating potential shifts in the market.

The US Dollar is facing weakness as the Yen takes the lead in the currency markets, creating various risks for potential reversals in the near future.

Stay tuned for more updates and insights on the currency markets as the week progresses!