Concerns about Trump’s tariffs affecting Australia’s economy are keeping AUD/JPY from rising.
Today, Australia’s February CPI (inflation report) will be released. If the result is weak, people may expect interest rate cuts, leading to more selling of the Australian dollar. Last week’s employment report showed fewer jobs than expected, increasing worries about the job market.
If the CPI is lower than expected, the Reserve Bank of Australia (RBA), which usually prefers higher interest rates, may be pressured to cut rates. This could cause AUD/JPY to fall further.
Expected AUD/JPY Range: 94.80 – 93.80 yen
Note: The above information does not guarantee profit. Please make your own trading decisions.