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28 Jan 2015
AUD/JPY caught up through the greenback
FXStreet (Guatemala) - AUD/JPY is currently trading at 93.42 with a high of 93.57 and a low of 93.41.
AUD/JPY has struggled at the 94 handle and is consolidated along the mid point of 93 and ahead of the bearish gap's opening at the start of this week.
The greenback has been offered overnight and both the Aussie and Yen are benefitting from that.
From the calendar today, we get Aussie CPI where a downgrade to previous both year on year and month on month has been expected. Markets are conscious of the BoC recent move and therefor, any variation of the consensus, either way, could be a catalyst to get this pair out of its sluggish sideways direction. We have the RBA next month and sentiment is calling for a dovish rhetoric, perhaps even a cut from the Central Bank to battle against global disinflationary pressures and sluggish domestic growth.
AUD/JPY has struggled at the 94 handle and is consolidated along the mid point of 93 and ahead of the bearish gap's opening at the start of this week.
The greenback has been offered overnight and both the Aussie and Yen are benefitting from that.
From the calendar today, we get Aussie CPI where a downgrade to previous both year on year and month on month has been expected. Markets are conscious of the BoC recent move and therefor, any variation of the consensus, either way, could be a catalyst to get this pair out of its sluggish sideways direction. We have the RBA next month and sentiment is calling for a dovish rhetoric, perhaps even a cut from the Central Bank to battle against global disinflationary pressures and sluggish domestic growth.