Caution over the weakness of Oceania currencies amid risk-off sentiment

Caution over the weakness of Oceania currencies amid risk-off sentiment

13.09.2021

Last weekend, the three major U.S. stock indices all fell, resulting in a market environment characterized by falling stock prices, rising interest rates, and higher oil prices. The VIX (fear index) rose by more than 10% and has now surpassed the key threshold of 20, standing at 20.95. The Nikkei 225, which has remained in the 30,000-yen range, currently stands at 30,320 yen.

Risk-averse sentiment is prevailing in the foreign exchange market, with cross-yen pairs trading slightly lower. Oceania currencies, in particular, are facing resistance on the upside; the AUD/JPY pair erased all of its gains from last Friday’s Asian session during U.S. trading hours and is currently hovering around 80.91. The Australian dollar is also weakening against the U.S. dollar, with the AUD/USD pair attempting to fall again near the 0.736 level.

Apart from Turkey’s industrial production and current account balance data scheduled for 4:00 p.m. CET today, and U.S. fiscal spending data scheduled for 3:00 a.m. EST, no major economic indicators or key speeches are currently scheduled.With no major events scheduled this week aside from the UK employment report on Tuesday the 14th, US initial jobless claims on Thursday the 16th, and the University of Michigan’s preliminary September Consumer Sentiment Index on Friday the 17th, price movements are likely to be straightforward. We need to closely monitor how the US dollar, which has been rising recently, will move.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed