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fxAug 6, 2026, 1:38 PM

Nasdaq 100 and AUD/JPY Signal Renewed Risk-On Momentum

The Nasdaq 100 staged a strong rebound after an ABC correction, while AUD/JPY's rally reflects broad risk appetite. Both suggest the uptrend may continue toward new highs.

NDXAUDJPY

The Nasdaq 100 completed an ABC corrective decline and has now begun an impulsive recovery, indicating that buyers regained control. The technical structure raises the odds of a sustained push toward fresh all-time highs.

AUD/JPY, often viewed as a barometer of global risk sentiment, is rising in tandem, reinforcing the risk-on narrative across asset classes.

Source: FXStreet Forex News