Risk Sentiment for Aussie Helps Safe-Haven Yen Gain – 20 January, 2022

The safe haven yen was up against the Australian dollar on reignited fears of heated inflation and aggressive Federal Reserve policy tightening. The U.S. dollar was headed for its best week in two months against a basket of major currencies. The dollar index, which measures the currency against six rivals, was up 0.03% to 95.795, having reached a one-week high the previous session at 95.864. It’s up 0.65% for the week after rebounding from last weeks 0.61% slide. The riskier Aussie fell 0.32% to $0.72035, while the greenback was at a one-week low, felling 0.15% to 113.915 yen. Sterling was close to its lowest since January 11, dipping 0.05% lower to $1.3586.