JPY/MXN Exchange rate

AUD/USD struggles for a firmdirection and remains confined in a multi-week-old trading range above 0.6400 early Wednesday. The RBA's dovish outlook and the domestic political turmoil remains a drag on the Aussie amid US-China spat over chips. However, a broadly weaker USD continue to support the pair. 

USD/JPY languishes near a two-week low above 144.00 despite the disappointing release of Japan's trade balance data, as hawkish BoJ expectations continue to underpin the Japanese Yen. Meanwhile, the USD remains depressed amid Fed rate cut bets and a downgrade of the US government's credit rating, exerting additional pressure on the major.

Gold price advances to over a one-week top in the Asian session on Wednesday, with bulls now awaiting a sustained move above the $3,300 mark before placing fresh bets. Moody's downgrade of US credit rating and Fed rate cut bets keep the US Dollar depressed near a two-week low. Further, persistent geopolitical uncertainty benefits the safe-haven Gold.

Ethereum (ETH) held steady above $2,500 on Tuesday despite investors stepping up their selling pressure with high profit-taking and loss realization activity.

Trade war uncertainty is denting Chinese confidence, resulting in slower economic activity in April. Retail sales and fixed-asset investment both underperformed forecasts amid heightened caution. Yet the impact on manufacturing was less than feared.