The Euro (EUR) is failing to capitalise on the moderate US Dollar (USD) weakness witnessed on Friday as the high Oil prices and the ongoing concerns about France’s public debt offset investors’ optimism about lower global yields.

The US Dollar (USD) ticks up against the Japanese Yen (JPY) on Friday but remains trapped in a tight range, with downside attempts contained above the 157.50 area and the 200-day SMA at 158.54, which holds bulls for now.

Silver price (XAG/USD) gains ground after three days of losses, trading around $60.10 per troy ounce during Asian hours on Friday. Non-yielding Silver gains support as a decline in oil prices eases inflationary concerns and Fed rate hike expectations.

Silver (XAG/USD) remains under pressure on Thursday even as the US Dollar (USD) and US Treasury yields ease. Sellers remain in control after a break below the $60 psychological mark, with the Relative Strength Index (RSI) drifting toward oversold territory.

Gold (XAU/USD) ticks up on Thursday, trading at the $4,125 area after bouncing up from two-month lows at $4.066 on Wednesday.

Here is what you need to know on Thursday, October 8:

The Japanese Yen (JPY) gives back its early gains and turns slightly negative against the US Dollar (USD) during the early European trading session on Thursday. As of writing, the USD/JPY pair is up 0.13% to near 158.23.

USD/JPY trades in a narrow range on Wednesday, with the Japanese Yen (JPY) holding a slight advantage over the US Dollar (USD) as traders assess hawkish Bank of Japan (BoJ) signals. Intervention risks near the 160.00 level also keep traders cautious.