The GBP/USD currency pair traded below the mid-1.3500s level during the Asian session on Tuesday, reflecting ongoing pressure on the US Dollar. According to FX Street, the USD faced selling pressure, which was supported by a firmer Japanese Yen.
The stronger Yen helped weigh on the US Dollar, contributing to the GBP/USD pair's move below the mid-1.3500s range. This dynamic highlights the interplay between major currencies during early trading hours in Asia.
For Japanese investors and traders, the Yen’s strength remains a key factor influencing USD pairs and overall market sentiment during the Asian session.