CAD/JPY Exchange rate

AUD/USD drops to over a one-month low during the Asian session on Wednesday, amid the recent USD rally to a more than two-month high. A turnaround in the global risk sentiment, signs of economic softness and the lack of numerical details over China's fiscal stimulus contribute to driving flows away from the Aussie.

USD/JPY oscillates in a narrow band above the 149.00 mark on Wednesday and remains close to its highest level since August touched earlier this week. The risk-off impulse supports the safe-haven JPY, though the uncertainty over the BoJ's rate hike plans keeps a lid on any meaningful upside. 

Gold price struggles to capitalize on the previous day's positive move and trades with a mild negative bias during the Asian session on Wednesday. The USD stands near its highest level in more than two months amid bets for a less aggressive policy easing by the Fed and undermines the yellow metal. 

Ripple (XRP) holds steady above key support at $0.54 on Tuesday as payment remittance firm Ripple makes announcements regarding exchange partners for its stablecoin RLUSD that is in the final stages of its launch.

The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.