AUDJPY AUD/JPY
- 104.122
- -0.085-0.08%
AUD/JPY News
Forex Today: Japanese Yen Slides as BoJ Maintains Policy Settings
The Japanese Yen (JPY)stays under selling pressure on Friday as markets assess the Bank of Japan's (BoJ) monetary policy announcements.
Economists predict that the Reserve Bank of Australia will maintain the current interest rate until September and cut it for the first time in the fourth quarter.
According to a survey of economists, due to continued price pressures, the Reserve Bank of Australia is expected to maintain the benchmark interest rate unchanged for the fifth consecutive time at next Tuesday's interest rate meeting.
Core inflation may accelerate, and the Bank of Japan is expected to raise interest rates further.
Economists expect that Japan's core CPI year-on-year growth rate in May may accelerate from 2.2% last month to 2.6%, which will lead to the Bank of Japan continuing to raise interest rates in the coming months.
Australia's Economy Operating Close to Capacity Despite Growth Slowdown -- Market Talk
Australia's economy is operating close to or beyond its capacity despite the growth slowdown, says Paul Bloxham, HSBC chief economist for Australia and New Zealand.
AUD/JPY climbs above 104.50, BoJ keeps Interest Rate Unchanged
The AUD/JPY cross gathers strength around 104.65 during the Asian trading hours on Friday.
The Bank of Japan kept interest rates unchanged and announced that it will not decide on reducing its bond-buying program until next month. The yen fell close to the "intervention range".
The Bank of Japan kept interest rates unchanged on Friday, but stated that the reduction in bond purchases will be announced at the July meeting, which in fact is delaying the process of normalizing monetary policy. On June 14, the Bank of Japan announced its latest interest rate decision, maintaining the benchmark interest rate at 0-0.1%, and the committee unanimously agreed on the interest rate resolution by 0-9, which was in line with market expectations. In terms of bond purchases, the Bank of Japan was "ambiguous," announcing a reduction in the amount of government bond purchases, but continuing to purchase bonds based on the March decision, and will announce a reduction in the bond purchase plan at the next July meeting, deciding on the purchase of government bonds for the next 1-2 years. The Bank of Japan stated that it will hold a "bond market"
Australian Dollar Rebounds as Economists Predict the RBA to Maintain Rates in June
The Australian Dollar (AUD) has recovered from Friday's losses, possibly driven by improved risk appetite.
Yen Weakens Ahead of BOJ Decision -- Market Talk
The yen weakens against most other G-10 and Asian currencies in the morning session ahead of the Bank of Japan's decision, with the central bank widely expected to keep rates unchanged.
Japanese Yen Remains Subdued Ahead of BoJ Policy Decision
The Japanese Yen edges lower as the BoJ is widely expected to leave interest rates unchanged on Friday
RBA to Keep All Policy Options on the Table -- Market Talk
The Reserve Bank of Australia is expected to remain vigilant when its board meets next week and publicly reveal once again that it discussed tightening policy settings.
AUD/JPY Price Analysis: Bulls Take a Breather, Sellers Test the 20-day SMA Support
In Thursday's session, the AUD/JPY pair witnessed a dip towards 104.00 as buyers cashed in their profits, which saw the pair soaring above the 20-day Simple Moving Average (SMA).
Higher Risk of RBA Rate Hike in 2H Than a Cut -- Market Talk
Australia's employment data released earlier today is unlikely to shift the dial for the Reserve Bank of Australia, says Paul Bloxham, chief economist for Australia at HSBC, in a note.
Australia's Unemployment Rate May Hit 4.4% by End 2024 -- Market Talk
Australia's labor market cooling is happening in an interesting way, with employers tempering hiring plans and trimming the hours they offer employees rather than increasing layoffs or redundancies, Harry Murphy Cruise, economist at Moody's Analytics, says in a note.
Australia's Unemployment Rate Drops to 4% as Hiring Persists
Australian unemployment dipped last month and job gains exceeded estimates, highlighting the resilience of the country’s labor market to elevated interest rates and high immigration.
AUD/JPY Price Analysis: Bulls Push Past the 20-day SMA, With Consolidation Still Prevalent
In Wednesday's session, the AUD/JPY pair exhibited a promising move, surpassing the 20-day Simple Moving Average (SMA) at 103.90.
Australian Unemployment Rate Seen Edging Lower in May
Australia is set to release the May employment report on Thursday at 1:30 GMT. The Australian Bureau of Statistics (ABS) is expected to announce the country added 27.5K new job positions in the month, down from the 38.5K gained in April.
Japan's Producer Inflation Hits Fastest Clip in Nine Months
The pace of gains in Japan’s producer prices quickened more than expected in May, registering the fastest clip in nine months, adding to signs of simmering inflationary pressure ahead of the Bank of Japan’s meeting this week.
Producer prices in Japan have increased at the fastest pace in nine months, adding to the accumulated signs of inflationary pressure.
Japan's producer price growth in May exceeded expectations, reaching the fastest growth rate in nine months, exacerbating signs of inflationary pressure on the eve of the Bank of Japan meeting this week. The Bank of Japan announced on Wednesday that the indicator measuring Japanese business input prices rose 2.4% year-on-year. This increase exceeded economists' expectations of 2%, mainly due to the increase in wind power surcharges. The price index rose 0.7% month-on-month, the largest increase in 18 months. The report showed that the cost of imported materials denominated in yen rose 6.9%, the largest increase since March last year, indicating that the yen-dollar exchange rate touched on April 29.
Japan's Producer Prices Climb 2.4% in May
Producer prices in Japan grew 2.4% year over year in May, faster than the revised reading of a 1.1% growth in April, marking the highest producer inflation rate since October 2023, preliminary data from the Bank of Japan on Wednesday showed.
AUD/JPY Price Analysis: Bulls Make Stride, Consolidation Still Prevailing
In Tuesday’s sessions, the AUD/JPY pair has been making strides to improve the short-term outlook, nearing the 20-day Simple Moving Average (SMA) at 103.90. However, with the pair still in consolidation mode, there might not be enough momentum for further rise. In line with that, buyers failed to hold daily gains.