The Nasdaq 100 index pulled back slightly on Monday as inflation concerns weighed on sentiment. Gold and crude oil climbed amid USD weakness. Bitcoin slumped. Asia-Pacific markets opened higher.

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The Japanese Yen could be at risk following a disappointing gross domestic product (GDP) print from Japan as USD/JPY eyes an Ascending Triangle chart pattern.

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AUD/USD may rise following the Reserve Bank of Australia Minutes, as rising commodity prices cushion Aussie Dollar sentiment.

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Bitcoin, Dogecoin, and Ethereum have dominated the headlines in recent months as celebrities like Elon Musk and Mark Cuban tout blockchain technology as the “future of currency.”

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