Newsig · Forex News
Yen slips, Aussie firms as BoJ data softens and Bullock flags RBA hike
Moves have been modest but clearly visible in Asian trade, with the yen the session's underperformer after Japan August inflation data undershot forecasts across the board, and the Australian dollar the stronger performer following Governor Bullock's comments to a parliamentary committee. USD/JPY ha
Why it matters
USD/JPY (US Dollar / Japanese Yen) · Why linked: Yen weakened after softer-than-expected Japan August inflation reduced BoJ rate-hike urgency Market context: bullish for USD/JPY as softer CPI diminishes hawkish BoJ expectations
AUD/USD (Australian Dollar / US Dollar) · Why linked: Aussie firmed after RBA's Bullock flagged a potential rate hike Market context: bullish for AUD/USD as hawkish RBA commentary supports the currency
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