The Australian dollar (AUD/JPY) dropped from the low 95 range to 93.06 last weekend because the U.S. stock market fell sharply, making investors avoid risk.
Today, the Reserve Bank of Australia (RBA) is expected to keep interest rates the same, but some people think there may be a rate cut. Last week, Australia’s February inflation rate was lower than expected, and the number of jobs also decreased, increasing the chance of a rate cut. However, in the last meeting, RBA Governor Bullock was cautious about changing rates.
In today’s statement, the RBA may sound more careful about inflation and the economy. Before tomorrow’s tariff changes, some people may temporarily buy back AUD/JPY, but the overall trend is still expected to be downward.
AUD/JPY Price Range Prediction: 94.20 – 92.50
Note: This information does not guarantee profits. Please make your own decisions when trading.