Analyzes

It looks like AUD/USD has finally shaken off that messy, directionless trading and is now pushing back towards its year-to-date highs, reclaiming territory north of 0.7100.

There’s been a subtle but powerful shift in Japan that may be decisive for the Yen’s performance in the medium to long term. 

The Japanese Yen has been underperforming against major currencies and there’s little reason to expect a turnaround anytime soon. 

The NZD/USD exchange rate held steady this week as market participants focused on the potential divergence between the Reserve Bank of New Zealand (RBNZ) and the Federal Reserve. It rose to the key resistance level at 0.600, up from this month’s low of 0.5935.

Bitcoin price resumed its strong rebound as market participants embraced a risk-on sentiment and as investors bought the dip.

The AUD/USD exchange rate jumped and neared its highest level this year after a report showed that Australia’s consumer inflation rose in January this year. It was trading at 0.7120, much higher than the year-to-date low of 0.6420.