VIDEO ANALYSIS: AUDJPY FALLS OFF THE BACK OF RBA
In this video update, we take a look at AUDJPY and how it has been affected by the RBA governor Lowes statement.
Tuesday saw the RBA hold interest rates at 1.5% however they downplayed the recent poor data in which boosted the AUD slightly.
This was short lived as the RVA Governor stated they are still concerned by the housing and wages data that they are putting any
rate hike plans on hold. This was taken negatively and the price fell. Expect further downside to this market on pullbacks.
Tuesday saw the RBA hold interest rates at 1.5% however they downplayed the recent poor data in which boosted the AUD slightly.
This was short lived as the RVA Governor stated they are still concerned by the housing and wages data that they are putting any
rate hike plans on hold. This was taken negatively and the price fell. Expect further downside to this market on pullbacks.
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