3 Feb 2015
AUD/JPY holding up ahead of RBA
FXStreet (Guatemala) - AUD/JPY is trading at 91.75 with a high of 91.84 and a low 91.47 in Asia.
AUD/JPY caught a bounce from the lows printed while markets are predominately long Yen in a relatively risk off environment, while jittery also. The main event is the RBA coming up later and has been up there in recent session as the leading risk event to come. The Yen is acting its usuals roll of a safe haven, with USD/JPY downside currently being revealed when looking through the 117 handles subsequent lower levels.
However, with the attention turning to the RBA, the risks are balanced and we await that outcome of whether the bank will cut and move in line with the theme around the arena of Central Banks and a disinflationary, worrisome environment, or, not. In the latter, will we a least see a change of tone and a shift towards a heavily dovish RBA?
AUD/JPY caught a bounce from the lows printed while markets are predominately long Yen in a relatively risk off environment, while jittery also. The main event is the RBA coming up later and has been up there in recent session as the leading risk event to come. The Yen is acting its usuals roll of a safe haven, with USD/JPY downside currently being revealed when looking through the 117 handles subsequent lower levels.
However, with the attention turning to the RBA, the risks are balanced and we await that outcome of whether the bank will cut and move in line with the theme around the arena of Central Banks and a disinflationary, worrisome environment, or, not. In the latter, will we a least see a change of tone and a shift towards a heavily dovish RBA?