AUDJPY AUD/JPY
- 104.074
- -0.571-0.55%
AUD/JPY News
Japanese Yen Receives Pressure After Dovish Comments From Minister Shindo
The Japanese Yen moves sideways as investors adopt caution ahead of ISM Manufacturing PMI
Australia's 1Q GDP Print Expected to Show Weak Growth
Australia's Q1 GDP print, due out later this week, is expected to show weak growth of 1.2% on year and 0.2% on quarter, says Paul Bloxham, chief economist for Australia, NZ & global commodities at HSBC.
Japan's Shindo: Real Economic Growth of 1.3% in FY 2025 Is Not so Unrealistic
Japanese Economy Minister Yoshitaka Shindo said on Monday that the government will “continue efforts for primary balance to reach within surplus territory in FY 2025.”
Will the Reserve Bank of Australia continue to raise interest rates? The money market is betting that it may “act” again in August
The Bank of Australia is seen as the only major central bank that risks raising interest rates.
Japan's Manufacturing PMI Revised Lower in May
The headline au Jibun Bank Japan manufacturing purchasing managers' index, or PMI, was revised lower to 50.4 in May from an initial reading of 50.5 but still exceeded the 49.6 recorded in April, S&P Global reported Monday.
Australia's Minimum Wage Increase Largely in Line With CPI -- Update
Australia's minimum wage will be raised by 3.75% from July 1, with the Fair Work Commission saying the decision is consistent with getting inflation back to target by the end of next year.
Japan's Firms Trim Spending, Reflecting Headwinds to Growth
Japanese companies trimmed capital investment in the first quarter, a result that likely indicates revised data due next week will continue to show the economy contracted in the period.
Australia Raises Minimum Wage 3.75%, Aiding RBA Inflation Fight
Australia’s industrial relations umpire raised the national minimum wage by 3.75%, aiding the Reserve Bank’s efforts to return inflation to the 2-3% target by next year.
RBA's Hauser Says Inflation 'Predominant Challenge,' AFR Reports
Australian central bank Deputy Governor Andrew Hauser said the “first and predominant challenge” for policymakers is to bring down inflation, according to an interview with the Australian Financial Review.
Australia's Minimum Wage Increase Largely in Line With CPI
Australia's minimum wage will be raised by 3.75% from July 1, with the Fair Work Commission saying the decision is consistent with getting inflation back to target by the end of next year.
Japan's Capital Outlays Fall, Reflecting Headwinds to Growth
Japanese companies trimmed capital investment in the first quarter, a result that likely indicates revised data due next week will continue to show the economy contracted in the period.
RBA Seen as the Only Other Major Central Bank at Risk of Hiking
Australia’s central bank may have no choice but to resume raising interest rates this year if inflation fails to slow, according to money markets, setting it up as a potential outlier to a post-pandemic global tightening cycle that has all-but ended.
AUD/JPY Price Analysis: Bulls Gather Momentum, Consolidation Ongoing
In Friday's trading session, the AUD/JPY pair soared to the 104.50 region owing to positive momentum, reinforcing expectations of an overall bullish landscape.
Japan did not succeed in spending 62 billion US dollars to boost the yen, and the yen exchange rate dilemma is difficult to solve
The yen exchange rate dilemma is difficult to resolve, and the Bank of Japan is now in a dilemma. On Friday May 31, Japan's Ministry of Finance released data showing that in order to support Japan's continued weakness, the Japanese government carried out two significant monetary interventions between April 26 and May 29, investing a record 9.8 trillion yen (about 62 billion US dollars). Most of the capital was spent within four days starting April 29. However, the impact of this huge amount of money invested by Japan on the exchange rate was short-lived. At the end of April, the exchange rate of the US dollar against the yen rose from 160 to 151.85, but just a few days later, the exchange rate on Friday fell back to 1
If the Reserve Bank of Australia raises interest rates in June, the Australian dollar is expected to rise to 0.69!
Market analyst Gary Howes wrote that if the Reserve Bank of Australia announces an interest rate hike at its next meeting on June 18, or strongly suggests a rate hike in the third quarter, this may push the Australian dollar to 0.69 against the US dollar, which is a high in June 2023.
Japan's Tokyo inflation rebounded in May, providing favorable prospects for interest rate hikes!
Consumer prices excluding fresh food in Tokyo rose 1.9% in May, according to data released by Japan's Ministry of Home Affairs on Friday. Tokyo's inflation data is usually a major indicator reflecting national trends. This indicates that the national inflation data released next month may experience a similar acceleration, causing the Bank of Japan to basically consider the possibility of interest rate hikes in the next few months.
Japan's Suzuki: Important for Currencies to Move in Stable Manner Reflecting Fundamentals
Japanese Finance Minister Shunichi Suzuki said on Friday that “it is important for currencies to move in a stable manner reflecting fundamentals.”
Tokyo's Core Inflation Slows Slightly to 1.9% in May
Tokyo's core consumer price index, which excludes perishables, rose 1.9% year over year in May after a 1.6% increase in April, data from the Statistics of Japan on Friday showed.
Japan's Jobless Rate Unchanged at 2.6% in April
Japan's unemployment rate on a seasonally adjusted basis held steady at 2.6% for three straight months in April, the Ministry of Internal Affairs & Communications reported Friday.
Japan to Answer ¥9.4 Trillion Question on Currency Intervention
Investors will learn Friday if Japan intervened to prop up the yen during the last month, with the beleaguered currency vulnerable to a selloff if authorities were absent or had to spend much more than expected.