AUD/JPY Extends Gains After Status Quo RBA Decision
Tuesday, 3 December 2019 11:24 WIB | CURRENCIES |Dollar Australia,Aussie

AUD/JPY jumped nearly 30 pips to hit a session high of 74.67 after the Reserve Bank of Austrlia kept interest rates unchanged at 0.75%, as expected.

The policy statement said the the risks are still tilted to the downside, however, some of the downside pressures have weakened recently. Further, the RBA said the jobless rate will drop below 5% in 2020, 2021.

While the bank reiterated that the Australian economy appears to have reached a gentle turning point, it maintained that low interest rates will be required in Australia to reach full employment and achieve the inflation target.

Further, the central bank expressed willingness to ease monetary policy further if needed to support sustainable growth in the economy.

All-in-all, the policy statement carried a slightly optimistic tone and that is likely boding well for the Aussie dollar.

Looking forward, the pair may continue to take cues from the broader market sentiment. As of writing, the futures on the S&P 500 are reporting a 0.22% gain, supporting the gains in AUD/JPY.

Technically speaking, the pair has bounced up strongly from the support of the trendline rising from August and October lows, reinforcing the bullish bias.

Source : FX Street

RELATED NEWS

Dollar Hits Lowest Since July as Havens Retreat, Pound Rallies
Friday, 13 December 2019 15:59 WIB

The Bloomberg Dollar Spot Index drops a second week as riskier assets gain after U.S.-China agree on a phase-one trade deal and the U.K.™s Conservative Party wins a crushing majority in Thursday™s election. USD/JPY up 0.3% to 109.63 GBP/USD rallies by 2.7% to 1.3514, strongest since May 2...

Pound Surges Most in 2 1/2 Years as Election Results Filter In
Friday, 13 December 2019 07:57 WIB

The pound jumped by the most since 2017 on signs Boris Johnson's Conservative Party was on course to secure a strong majority in the U.K. election, raising hopes of an end to the Brexit deadlock. The surge took sterling to its highest level since May 2018 against the dollar and the strongest r...

Pound Holds Onto World-Topping Rally as Voting in U.K. Begins
Thursday, 12 December 2019 17:39 WIB

The pound reached the highest since March as British voters headed to the polls to decide between Conservatives hoping to deliver Brexit in January and a Labour Party promising a second referendum. Sterling gained for a fourth day before steadying near $1.32 as markets bet on a win for Boris Johnso...

Dollar Licks Wounds as Fed Disappoints Bulls, UK Election Awaited
Thursday, 12 December 2019 08:47 WIB

The dollar nursed its steepest losses in weeks on Thursday, after the U.S. Federal Reserve's benign inflation outlook hosed down expectations for a rate hike any time soon, pushing Treasury yields lower. Investors also remained on edge as Sunday's deadline for the next round of U.S. tariffs on Chin...

Sterling Drops as Poll Shows Conservative Lead Slipping Ahead of U.K. Election
Wednesday, 11 December 2019 16:12 WIB

The pound came under pressure early Wednesday after a fresh YouGov poll predicted a slimmer-than-expected lead for Prime Minister Boris Johnson™s Conservative Party in a General Election that™s now less than 24 hours away. Sterling slipped 0.3% to $1.3124 from a level of $1.3155 seen late Tuesd...

ANOTHER NEWS
Hong Kong Stocks Soar on Trade Deal Reports (Review)
Saturday, 14 December 2019 04:24 WIB Hong Kong stocks jumped more than two percent Friday after reports said China and the US had finally reached a partial trade agreement that will see Washington cancel tariffs due to be imposed at the weekend. The Hang Seng index soared 2.57...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.