AUD/JPY Price Analysis: Plunges after RBA's dovish hold, technicals hint downside risks remain
The AUD/JPY began Wednesday’s Asian session with a negative tone after registering losses of more than 1% on Tuesday.
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The AUD/JPY began Wednesday’s Asian session with a negative tone after registering losses of more than 1% on Tuesday.
China's Caixin Manufacturing Purchasing Managers' Index (PMI) unexpectedly expanded to 50.7 in November when compared to October’s contraction of 49.5, the latest data published on Friday.
The AUD/USD is trading with minuscule losses despite being back above the 0.6600 figure after bouncing from the 200-day moving average (DMA) at around 0.6579.
The RBA weighed up the pros and cons of hiking rates in November and decided it was crucial to anchor inflation expectations. Higher demand also seen contributing to CPI
Mixed Data, Lower Yields, Fed Uncertainty Weigh on Sentiment