Where are the movers and shakers?

USD/JPY holds lower ground below 156.00 in the Asian session on Thursday, deep in the red amid hawkish BoE commentary, looming intervention fears and risk-off mood, which lend support to the Japanese Yen. The US Dollar remains on the back foot amid concerns about the fallout from Trump's trade policies, adding to the pair's downside. 

AUD/USD picks up bids and grinds higher toward 0.7150 in the Asian session on Thursday. The pair eyes a three-year peak amid bets for another RBA rate hike in 2026, bolstered by the latest Australian consumer inflation figures. Moreover, a softer US Dollar acts as a tailwind for the Aussie, though trade uncertainties seem to limit the Aussie's upside. 

Gold is replicating the recovery moves seen in Wednesday’s Asian trading early Thursday, as buyers continue to flirt with the $5,200 level. Sustained US Dollar weakness and looming US-Iran talks aid the bright metal’s rebound.  

Altcoins, such as Polkadot, Near Protocol, and Uniswap, are leading gains over the last 24 hours as Bitcoin jumped 6% on Wednesday. The altcoins are holding steady at press time on Thursday following a rebound the previous day, testing the waters around their 50-day Exponential Moving Average. 

It was another monster earnings report from Nvidia for fiscal Q4. Revenues were $68.1bn, smashing estimates of $65bn. Gross profit margin was a healthy 75%, up from 73.5% in the prior quarter, and the outlook for this quarter was monstrous.

The Australian Dollar (AUD) skyrocketed to near a two-week high after a hotter-than-expected January inflation report, fueling speculation of additional rate hikes by the Reserve Bank of Australia (RBA).