Focus Turns to UK and Germany Data, as Yen Pares Loss - NewsBreak

The forex markets turn into consolidative mode in Asian session. Yen recovers mildly, digesting the recent steep selloff. But there is no clear sign of bottoming in the Japanese currency yet. Commodity currencies are also retreating mildly, following some mild selloff in stocks. Euro and Dollar are mixed while Gold is struggling in tight range around 1750. WTI crude oil is also paring some gains but stays firm above 80 handle.