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USD/JPY is experiencing some volatility around the 133.00 level, which is an important psychological support level. The pair was unable to sustain gains above 133.50 on Friday and has since retreated, despite a rebound in the US Dollar and an overall positive market sentiment. One factor contributing to the current volatility is the end of the month and the fiscal year-end in Japan, which typically leads to increased FX fixings and potentially greater market movements. Additionally, investors may be cautious ahead of the release of US PCE (Personal Consumption Expenditures) data, which is a key inflation indicator and can have a significant impact on currency markets.
AUD/USD currency pair has experienced a slight decline from its intraday highs around 0.6740 and is currently trading around 0.6720. This could be due to the market's anticipation of key US inflation data scheduled to be released later on Friday. The data is likely to have an impact on the US dollar and the broader financial markets. Despite the recent volatility, it is worth noting that the AUD/USD pair has been trading within a symmetrical triangle pattern for the past month