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Emerging Market Turmoil Extends to AUD/USD, USD/JPY

Emerging Market Turmoil Extends to AUD/USD, USD/JPY

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- US Dollar, USDOLLAR components face critical few days.

- FOMC meeting on Wednesday.

- AUDUSD remains bearish, but watching potential reversal develop.

To keep up with the European data and news as the week goes forward, be sure to sign up for my distribution list.

The USDOLLAR is heading back towards a pivotal level that helped define our bullish or bearish bias towards the measured currencies at the end of 2013. Notably, the AUDUSD and USDJPY components have been quite active on Monday, taking the spotlight ahead of the FOMC meeting on Wednesday.

Read more: EUR/USD and USD/JPY Primed for Big Moves During FOMC Week

--- Written by Christopher Vecchio, Currency Analyst

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.