AUD/JPY Price Analysis: Brace for a volatile action ahead of Australian Inflation AUDJPY ChartPatterns RBA BOJ Inflation
Governor Kazuo Ueda saying, “Japan's consumer inflation, including index stripping away fuel costs, likely nearing its peak,” adding that he is “seeing it slowing ahead.” BoJ Ueda has reiterated the need of keeping monetary policy expansionary ahead.
Investors should note that the Reserve Bank of Australia kept its interest rate policy steady in its April policy meeting. And, further softening in Australian inflation will allow the RBA to continue its unchanged policy ahead. The 50-period Exponential Moving Average at 89.85 is overlapping the asset, indicating a consolidation ahead.
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