The foreign exchange market demonstrates a mixed sentiment as AUD/USD and NZD/USD display positive momentum amid a weakened US dollar. Meanwhile, the USD/JPY pair continues to linger below the 148 mark, creating uncertainty for traders.

Both AUD and NZD have managed to build notable bullish price action against the backdrop of recent dollar weakness. The US dollar’s retreat has encouraged buyers in these currency pairs, leading to subtle but encouraging movements in their prices.

Conversely, USD/JPY faces challenges as it struggles to break above critical resistance levels. The pair’s performance remains lackluster, with hesitation and caution evident among traders.

As global economic conditions remain uncertain, traders eye upcoming market indicators that might influence the currencies further.