Seeing USD slowly moving into positions of strength, across most of the major currency pairs. This could be a result of the continual sell off in the S&P500.
However, it’ll also be important to note the FOMC meeting minutes to be released tomorrow morning (3am).
Typically, meeting minutes releases are non events (compared to press conferences).
However, with a new chairperson and the fact that any indication regarding inflation and that it could drive more interest rates hikes, could send the already shaky equity market spiraling.
This would flow towards a stronger USD, which could give USDJPY legs towards 109 or the AUDUSD the push towards 0.78 and below.
However, it’ll also be important to note the FOMC meeting minutes to be released tomorrow morning (3am).
Typically, meeting minutes releases are non events (compared to press conferences).
However, with a new chairperson and the fact that any indication regarding inflation and that it could drive more interest rates hikes, could send the already shaky equity market spiraling.
This would flow towards a stronger USD, which could give USDJPY legs towards 109 or the AUDUSD the push towards 0.78 and below.