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AUD/JPY Unfazed by RBA Minutes, Remains On The Bids Around 76.00


Tuesday, 16 July 2019 09:10 WIB

Dolar Australia,AUD,AUD/JPY


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Despite the Reserve Bank of Australia’s (RBA) latest monetary policy meeting minutes highlighting the central bank’s readiness to act “if needed”, the AUD/JPY remains firm around 76.00 during early Tuesday.

In its monetary policy meeting minutes for the July 02 decision, the RBA fails to offer any direct signs for future actions and rather highlighted incoming data flow after announcing 2 such rate hikes during the year.

The pair recently took advantage of China’s data-dump and Japan’s recent holiday to rally to a 2-week high. It should also be noted that investors showed little attention to the US-China trade stalemate as it has been flashing mixed signs off-late.

The global risk gauge, 10-year treasury yield of the US Government Bond, remains on a back foot around 2.085% by the press time.

Thursday’s Australian jobs report become key for the Australian Dollar (AUD) traders as the RBA continues to emphasize incoming data flow while the Governor highlights unemployment rate as the lead indicator to predict next policy move.

Additionally, risk events like trade headlines and political tussles may join today’s speech by the global leaders at the French G7 Presidency 2019 to determine near-term market sentiment.

Source : FX Street


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