empty
18.06.2024 11:45 AM
AUD/JPY. Review and analysis. Sellers or buyers, who is stronger?

This image is no longer relevant

For two days in a row, the AUD/JPY pair has been trying to attract both sellers and buyers. After the Reserve Bank of Australia announced its policy decision, spot prices continued to take a defensive position, trading above the round level of 104.00.

This image is no longer relevant

As expected, the RBA decided to keep the official OCR cash rate unchanged at 4.35% for the fifth meeting in a row. In addition, it is assumed that the RBA may raise the interest rate this year due to high inflation. Therefore, such an action will serve as a wayward for the Australian dollar and will support the pair.

Nevertheless, data on China released on Monday highlighted the rise of the world's second-largest economy. Accordingly, this overshadowed the RBA's statements about higher interest rates, thereby undermining the position of antipodean currencies, including the Australian dollar. Meanwhile, the Japanese yen is receiving support from statements by the chairman of the Bank of Japan, Kazuo Ueda, that, of course, depending on economic data, the central bank is ready to raise rates in July.

In addition, speculation that the Japanese authorities may intervene to support the national currency further contributes to the fall of the AUD/JPY pair.

Nevertheless, the positive risk tone in the markets as a whole, which tends to reduce demand for a safe yen, ahead of the press conference of RBA Governor Michele Bullock, supports the risk-sensitive Australian dollar and thereby should help limit any significant drop in the pair.

Irina Yanina,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

EUR/USD. Analysis and Forecast

Today, the EUR/USD pair is gaining some positive traction, breaking a six-day losing streak. The bullish momentum is lifting spot prices toward the 1.0785 level, marking a new daily high

Irina Yanina 09:58 2025-03-27 UTC+2

Who Had Any Doubts? Trump Remains Committed to His Economic Course (GBP/USD May Fall, #SPX May Rise)

Despite the ongoing political maneuvering, U.S. President Donald Trump remains committed to his economic strategy. This approach aims to dismantle the long-standing global economic model in which the U.S. primarily

Pati Gani 09:21 2025-03-27 UTC+2

Market picks wrong favorite

The higher the climb, the harder the fall. The S&P 500 tumbled in response to Donald Trump's announcement of 25% tariffs on automobiles. There will be no exceptions, although countries

Marek Petkovich 08:13 2025-03-27 UTC+2

What to Pay Attention to on March 27? A Breakdown of Fundamental Events for Beginners

There are very few macroeconomic events scheduled for Thursday, and even fewer are deemed important. The only report that deserves attention is the third estimate of U.S

Paolo Greco 05:42 2025-03-27 UTC+2

GBP/USD Pair Overview – March 27: The British Pound Stalls

On Wednesday, the GBP/USD currency pair openly traded in a flat range. Volatility remains low, with no trending movements even within the day. In other words, the market is simply

Paolo Greco 03:06 2025-03-27 UTC+2

EUR/USD Pair Overview – March 27: Donald Trump Steps Back

On Wednesday, the EUR/USD currency pair continued trading with minimal volatility and a slight downward bias. Trading volumes were absent, which is unsurprising—there has been very little news this week

Paolo Greco 03:06 2025-03-27 UTC+2

GBP/USD. A Rough Patch for the Pound

The UK inflation report failed to support the pound—all components of the release came in below expectations. On the one hand, this report is unlikely to influence the outcome

Irina Manzenko 23:41 2025-03-26 UTC+2

The Dollar Will Loosen Its Grip

The euro is retreating cautiously, worried about a potential trade war between the European Union and the United States, while the dollar is on track for its worst month

Marek Petkovich 23:41 2025-03-26 UTC+2

Donald Trump sows confusion again with tariff remarks

United States President Donald Trump once again stirred confusion on Tuesday by announcing plans to introduce a series of exemptions to his sweeping tariff proposal. The announcement served

Jakub Novak 11:36 2025-03-26 UTC+2

XAU/USD. Analysis and Forecast

Gold continues to show a positive tone today, but conviction behind the upward movement remains weak. Market uncertainty, driven by the tariffs announced by Donald Trump—set to take effect

Irina Yanina 10:54 2025-03-26 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.