During early deals on Tuesday, the Japanese yen declined to a 4-day low against the Swiss franc. Against other major currencies, the yen showed slight weakness during this time.
The yen slipped to a 4-day low of 82.80 against the Swiss franc during early deals on Tuesday. This may be compared to Monday's close of 82.54. If the Japanese currency falls further, 85.5 is seen as the next target level.
In early trading on Tuesday, the yen weakened against the dollar and touched a low of 90.38 at 1:25 am ET. On the downside, the yen may likely target the 90.5 level. The dollar-yen pair closed yesterday's New York session at 90.31.
Against the currencies of Europe and UK, the yen dropped to 126.52 and 134.07 in early deals on Tuesday. The next downside target level for the Japanese currency is seen at 128.25 against the euro and 134.8 against the pound. The pound-yen and the euro-yen pairs were worth 133.84 and 125.89, respectively at Monday's close.
Investors now look forward to the European session, in which the French consumer spending, Italian consumer confidence index and retail sales, Euro-zone current account and the UK final third quarter GDP report are due.
Turning to the US, the Bureau of Economic Analysis is due to release its final third quarter GDP report at 8:30 AM ET. The report is likely to show that the U.S. economy contracted by a 0.5% rate in the quarter.
The final reading of the University of Michigan's consumer sentiment index for December is due to be released at 10 AM ET. The report is expected to show that the consumer sentiment index eased to 58.6 from the mid-month reading of 59.1.
The National Association of Realtors is scheduled to release its report on existing home sales for November at the same time. Economists estimate existing home sales of 4.93 million for the month.
The Commerce Department is due to release its new home sales report for November is also due at 10 AM ET. The consensus estimate calls for a decline in new homes sales to 420,000.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.