The AUD/JPY cross extends decline around 94.25 on Monday during the early European session.
AUD/JPY extends its downside near 94.25 in Monday’s early European session, down 0.18% on the day. Economists expect the BoJ to raise interest rates further by the end of this year. The concerns about the Chinese economic slowdown further weigh on the China-proxy AUD. The stronger Japanese Yen and the hawkish vibes ahead of the key Bank of Japan interest rate decision on Friday drag the cross lower.
How do the decisions of the Reserve Bank of Australia impact the Australian Dollar? The Reserve Bank of Australia influences the Australian Dollar by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AUD/JPY breaks below 96.50 due to hawkish sentiment surrounding the BoJAUD/JPY retraces its recent gains from the previous session, trading around 96.30 during the Asian hours on Friday.
Read more »
AUD/JPY extends losses to near 97.50 due to hawkish BoJ, rising geopolitical tensionsAUD/JPY depreciates to near 97.50 during the early European hours on Monday.
Read more »
AUD/JPY remains capped under 98.00, investors await BoJ’s Ueda speechThe AUD/JPY cross trades in negative territory for the third consecutive day around 97.90 during the Asian trading hours on Thursday.
Read more »
AUD/JPY edges lower to near 98.00 following BoJ Ueda’s speech, Fed’s Powell awaitedAUD/JPY retraces its recent gains from the previous two days, trading around 97.80 during the early European hours on Friday.
Read more »
AUD/JPY drops to near 97.50 as traders expect BoJ to adopt hawkish stanceAUD/JPY halts its three-day winning streak, trading around 97.50 during the European hours on Monday.
Read more »
AUD/JPY moves below 98.50 as traders adopt caution due to China economic woesAUD/JPY halts its four-day winning streak, trading around 98.40 during the European session on Tuesday.
Read more »