The outlook for the AUD/USD and USD/JPY pairs remains relatively stable as the US data calendar remains quiet. This lack of significant economic indicators reduces the near-term downside risks for both currency pairs.
The AUD/USD pair is currently trading at a level of 0.7550, while the USD/JPY pair is hovering around 110.50. The lack of major data releases in the US is keeping these pairs in a stable range.
Traders are closely monitoring any developments in the US-China trade talks, as well as any updates on the Federal Reserve’s monetary policy. These factors could potentially impact the direction of the AUD/USD and USD/JPY pairs in the coming days.
Overall, the near-term outlook for both currency pairs remains relatively steady, with the quiet US data calendar helping to reduce downside risks. Traders will continue to watch for any new developments that could potentially impact the movement of these pairs in the near future.