Australian Dollar at Risk, Eyes on USD/JPY and Intervention

AUSTRALIAN DOLLAR, AUD/USD, EXPECTATIONS FOR US INFLATION, USD/JPY – ASIA PACIFIC MARKET OPEN
  • Following the turbulence on Wall Street on Friday, the Australian Dollar is in danger.
  • Higher inflation forecasts in the United States pave the way for a more hawkish Federal Reserve.
  • Light economic schedule in the Asia-Pacific region; keep an eye out for USD/JPY intervention.

A Briefing on the Asia-Pacific Market

As a result of the volatility that was seen on Wall Street on Friday, investors in the Asia-Pacific region may be anticipating a negative beginning to the new trading week. While the S&P 500 index declined by 2.29 percent, the tech-heavy Nasdaq 100 fell by more than 3 percent. The risk-averse market drove down the sentiment-sensitive Australian Dollar, which resulted in a 1.62% decline in AUD/USD. The same thing happened to the New Zealand Dollar, which was acting similarly.

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