CHF/JPY Exchange rate

USD/JPY is rallying hard to take on the 147.50 barrier in the Asian session on Wednesday. Dovish comments from the BoJ official Uchida smash the Japanese Yen, triggering a fresh upsurge in the pair. The Fed- BoJ policy divergence stays in the spotlight. 

AUD/USD extends the rebound toward 0.6550 in the Asian session on Wednesday, in the wake of Tuesday's hawkish hold by the RBA. This, along with signs of stability in the financial markets underpins the Aussie. The focus remains on China's trade data and the Fed sentiment. 

Gold price prolongs its recent pullback from the vicinity of the record high and drifts lower for the fourth straight day on Wednesday, although the downfall lacks bearish conviction. Global equity markets seem to have stabilized following the recent steep losses. 

PolitIFi meme coins, themed after Republican nominee Donald Trump experienced gains on Tuesday following a series of events around the upcoming presidential race, including an interview with Tesla and SpaceX CEO Elon Musk slated for August 12. 

Which one of these is the key culprit? Failure to read the weakening economy and risk-taking negative consequence of yen reversal – the upcoming weeks rather days will reveal the relative weights between these two leading factors behind the 1000 plus slide in Nasdaq and similarly badly hit S&P 500, Russell 2000, cryptos and commodities.