The AUD/JPY pair remains subdued for the second day, hovering around 100.00 during the European session after the release of mixed Q3 Producer Price Index (PPI) data on Friday.
AUD/JPY may regain its ground as the RBA is widely expected to maintain a hawkish policy outlook. China’s Caixin Manufacturing PMI increased to 50.3 in October, from September’s 49.3. The au Jibun Bank Japan Manufacturing PMI declined to 49.2 in October, from 49.7 in September. The AUD/JPY pair remains subdued for the second day, hovering around 100.00 during the European session after the release of mixed Q3 Producer Price Index data on Friday.
Inflation FAQs What is inflation? Inflation measures the rise in the price of a representative basket of goods and services. Headline inflation is usually expressed as a percentage change on a month-on-month and year-on-year basis. Core inflation excludes more volatile elements such as food and fuel which can fluctuate because of geopolitical and seasonal factors.
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