Wednesday's indecisive action, USD/JPY gathered bullish momentum and touched its highest level in 38 years near 162.00 early Wednesday. GBP/USD continues to edge higher and trades within a touching distance of 1.2700 after closing in positive territory on Tuesday. The UK general election will take place on Thursday. EUR/USD registered small gains on Tuesday and stabilized near 1.0750 early Wednesday. Eurostat will release Producer Price Index data for May and several ECB policymakers will be delivering speeches later in the session. The data from Australia showed earlier in the day that Retail Sales rose 0.6% on a monthly basis in May. Meanwhile, Caixin Services PMI in China declined to 51.2 in June from 54 in May. AUD/USD holds its ground following these data releases and trades in positive territory near 0.6700. Gold failed to make a decisive move in either direction on Tuesday but gathered bullish momentum early Wednesday. At the time of press, XAU/USD was up nearly 0.5% on the day at $2,340.