EUR/USD traded under pressure, gold headed for a third straight weekly loss, and Bitcoin weakened as higher-rate expectations reduced demand for non-yielding and speculative assets.

USD/JPY stayed near multi-decade highs despite recent BOJ tightening, while USD/CNH remained in a broader downtrend as the yuan held near multi-week highs. In commodities, Brent crude moved sharply lower as the reopening of the Strait of Hormuz eased supply concerns, reversing most of the gains seen during the Middle East conflict.

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