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ASIA

Coming up in the Asia-Pac session on Tuesday:

USDCAD TECHS

Corrective Bounce

AUDUSD TECHS

Bearish Threat Following Friday’s Sell-Off

EURJPY TECHS

Finds Support Below The 50-Day EMA

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Federal Reserve Chair Jerome Powell said Wednesday that while inflation is mostly related to pandemic closures and reopening, “the risk of persistent higher inflation has clearly risen.”

Powell added that strong wage growth is not yet worrisome from an inflationary point of view. “That’s something we’re watching very closely,” he said during congressional testimony.