Yesterday's AUDUSD continued its decline, today news has a high impact on the NZD currency. The Bank of New Zealand's Official Cash Rate Reserve for NZD is predicted to fall by 4.75% from the previous 5.25%.
Today there is important news on OMC Meeting Minutes, CPI, and Unemployment Claims, the market may be more volatile if there is a large data difference between forecast and actual data.
Yesterday US data was released mixed, the USD weakened slightly, and now USDJPY is trying to rise after falling yesterday due to the weakening USD. Today's US PPI data will be released which is expected to be good for the USD.
The strengthening of the USD seems to be loosening up a bit after yesterday's rise quite significantly, it is hoped that USDJPY will reach the target after the pending orders are canceled
Today there is no high-impact news for USD, only news medium Building permits and FOMC member Waller Speaks. USDJPY fluctuates within the market range.
USDJPY fell at the weekend, USD strength seemed to fade somewhat at the weekend, the Dollar Index (DXY) fell from 103,809 to a low of 103,456. Waiting for next week because the bullish pattern is still there.
