Just noticed the Aussie dollar popped above 0.7200 this week, jumping over 1% as the greenback got hammered. If you're looking at converting 3500 AUD to USD at these levels, you're getting a better rate than we've seen in a bit. The main catalyst was Japan stepping in to defend the yen after it got crushed against the dollar - first intervention they've done in nearly two years. That single move basically tanked the whole USD across the board, even though US data came in solid with GDP growth and inflation numbers matching expectations. What's really driving the Aussie higher though is the RBA rate hike bets. Markets are pricing in a pretty solid chance they'll raise to 4.35% at their May meeting, especially after Australia's inflation came in hotter than expected last month at over 4%. So you've got this perfect storm of a weak dollar, yen support, and rate hike expectations all pushing AUD/USD higher. Technically the pair is sitting nicely above some key support levels, so if it holds here, we could see it push toward 0.7558 next.