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AUD/USD battles to maintain the positive performance ahead of the opening bell in Asia. The pair navigates the low 0.7200s amid marginal losses in the Greenback, as investors continue to closely follow developments on the geopolitical front. Moving forward, the Melbourne Institute will release its Consumer Inflation Expectations for the current month on Thursday.
USD/JPY shakes off the bearish pressure and trades above 153.50 in the American session on Wednesday. The US Dollar (USD) stages a rebound following the US Treasury buyback announcement and helps the pair gain traction. Nevertheless, solid Japanese data reinforce expectations that the BoJ will continue normalising monetary policy, lending further support to the Yen and capping the pair's upside for now.
Gold rebounds on Wednesday, snapping a three-day losing streak and reclaiming the are beyond the key $4,400 mark per troy ounce. The precious metal’s bounce comes amid further selling pressure on the US Dollar and steady uncertainty on the geopolitical front.
