The changes on the day are relatively light among major currencies, with the Japanese yen just a touch lower. USD/JPY continues to hover just below 153.00, picking up from where it left off in Asia trading. Still, the pair trades at two-week highs but there will be bigger fish to fry before the weekend comes along. Meanwhile, AUD/USD continues to gyrate in and around the 0.6500 mark this week – struggling for firmer direction overall.
The key risk event before we wrap things up this week will be the US CPI report for September. It’s going to be a crucial one in finalising the Fed outlook before next week, that especially with this being the only game in town in terms of US data for market players to participate in. From earlier: At long last, the wait is over..
This article was written by Justin Low at investinglive.com.