The Japanese Yen is on track to fall for the twelfth day against the US Dollar, putting the threat of intervention at the forefront for traders. Asia-Pacific stocks look set for a mixed open.
The US Dollar rose during New York trading as traders brace for the FOMC rate decision. That, along with expected rate hikes later this week from the SNB and BoE, will likely weigh on market sentiment.
The New Zealand Dollar paced higher against the US Dollar after the island nation posted surprisingly strong second-quarter GDP numbers. An easing in Chinese Covid lockdowns is supporting risk taking.
Asia-Pacific markets are set to fall after Wall Street suffered heavy losses following a hotter-than-expected CPI report. Bitcoin prices may fall more against a strong Dollar as sentiment sours.