The AUD/JPY pair continues its winning streak as the interest rate differential between Australia and Japan persists. Uncertainty remains regarding the need for rate cuts by the RBA in 2024.
AUD/JPY extends its winning streak due to the persistent interest rate differential between Australia and Japan . There is uncertainty regarding the necessity for the RBA to implement rate cuts in 2024. BoJ’s Ueda shared his expectations of a gradual acceleration in the inflation trend. The AUD/JPY pair continues its winning streak that began on April 4, climbing to near 100.30 during the European session on Tuesday.
Therefore, it is crucial to monitor data and information to assess whether this scenario materializes. Governor Ueda also emphasized that one of the factors to monitor is whether pay hikes offered in annual wage talks will materialize, as reflected in actual data. Another factor is whether service prices will increase, reflecting higher wages. If the inflation trend accelerates towards the 2% target, it may become possible to reduce the degree of monetary stimulus somewhat.
AUD/JPY Winning Streak Interest Rate Differential Australia Japan RBA Rate Cuts Boj Inflation Trend European Session Japanese Yen Bank Of Japan Cautious Approach Future Rate Hikes Upward Support Reserve Bank Of Australia Investors Skeptical US Data Federal Reserve Interest Rate Stance
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.
Prep roundup: Granada and Heritage show out at Banner Island Showcase, Pittsburg dominates, St. Francis softball rollsTy Thompson leads Pittsburg over Washington, Kyleigh Mace throws shutout, Granada extends winning streak
Read more »
AUD/JPY extends its upside above 99.90 on upbeat Australian data, BoJ’s cautious stanceThe AUD/JPY cross extends its upside to two-week peaks around 99.92 on Thursday during the early European session.
Read more »
Jamie Benn scores twice, extends goal streak to 3 games as Stars beat Penguins 4-2Mike Modano's statue was unveiled during the Stars’ game against the Los Angeles Kings on March 16, 2024.
Read more »
Jamie Benn scores twice, extends goal streak to 3 games as Stars beat PenguinsJamie Benn scored twice in a 1:17 span to extend his goal streak to a season-best three games, and the Dallas Stars beat the Pittsburgh Penguins 4-2 on Friday…
Read more »
Kraken's losing streak extends to 7 after 2-1 overtime defeat to CoyotesDylan Guenther scored on a breakaway at 4:12 of overtime to give the Arizona Coyotes a 2-1 victory over Seattle on Friday night, the Kraken's 7th straight loss.
Read more »
Rantanen scores twice, MacKinnon extends home points streak as Avalanche beat Blue Jackets 6-1Mikko Rantanen had two goals and an assist, Nathan MacKinnon extended his home points streak to 33 games with a third-period score and the Colorado Avalanche routed the Columbus Blue Jackets 6-1. Cale Makar, Ross Colton and Valeri Nichushkin also scored for the Avalanche, who won their eighth straight game.
Read more »