Aud jpy news today
Here are the latest news and updates on the AUD/JPY currency pair:
Current Rate: 1 AUD = 76.45 JPY
News and Updates:
- Australian GDP Growth Slows Down: Australia's GDP growth slowed down to 0.4% in the December quarter, missing market expectations of 0.5%. This could lead to a weaker AUD.
- Japanese Inflation Remains Low: Japan's core consumer price index (CPI) remained unchanged in February, staying at 0.2% year-on-year. This could lead to a weaker JPY.
- RBA Minutes Suggest No Rate Cut: The Reserve Bank of Australia (RBA) minutes from its February meeting suggested that policymakers are not considering a rate cut in the near future. This could support the AUD.
- BOJ to Maintain Monetary Easing: The Bank of Japan (BOJ) is expected to maintain its monetary easing policy, which could lead to a weaker JPY.
- Global Market Volatility: The global market is experiencing high volatility due to concerns over the COVID-19 pandemic, US-China trade tensions, and Brexit. This could impact the AUD/JPY pair.
Technical Analysis:
- The AUD/JPY pair is trading within a range of 75.50-77.50.
- The 50-day moving average is at 76.20, while the 200-day moving average is at 75.80.
- The Relative Strength Index (RSI) is at 54.50, indicating a neutral market.
Trading Recommendations:
- Buy: If the AUD/JPY pair breaks above 76.50, targeting 77.50.
- Sell: If the pair breaks below 75.50, targeting 75.00.
Please note that these are just general market updates and not personalized trading advice. It's always important to do your own research and consider your own risk tolerance before making any trading decisions.