AUD and JPY are bullish due to weak US Dollar

[fxcapitalvia]

The March FOMC minutes highlighted a noticeably more cautious tone among policymakers, who pushed back against the recent interest rate elevation in the United States, hurting the US Dollar. Citing the market's interpretation of the economic forecasts as too optimistic for the purported interest rate hike path, the minutes released yesterday were not the hawkish panacea the US Dollar was looking for.
The forex economic calendar is heavier today, and I'll be kicking off coverage of the GBP Bank of England Rate Decision at 06:45 EDT/10:45 GMT in the DailyFX Live Trading Room. Join for a discussion of trading setups in GBP-based pairs.

 

[fxapex]

due to difference in interest rate in both US and japan, i think Dollar will again will go higher in the coming week.

 

[vicknic]

Yes. And we have to blame the tone of the policy makers who pushed back against the recent interest rate elevation in the united states. The USD was hurt badly.