Aussie and the Canadian Dollar took the lead in early trading in Tokyo

Aussie and the Canadian Dollar took the lead in early trading in Tokyo ; Commodity currencies, dragged to lower ground on Tuesday, are making up its poor performance by attempting a relief rally.

The aim is to recoup some partial losses after the sharp rise in USD, buoyed by the ebullient mood in the bond market, where US Treasury yields ended sharply higher.

The Aussie and the Canadian Dollar took the lead in early trading, while the Japanese Yen was the weakest asset, lower against its main rivals. AUD/USD popped up 30 pips to recovered 0.9850, while USD/JPY was lifted to 83.60, yesterday's high.

EUR/JPY reached the higher end of its daily range-bound at 111.00, USD/CAD found support at 1.0100 after a pullback from 1.0122, AUD/NZD made it back above 1.3000, while AUD/JPY reclaimed 83.40 highs.

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