AUD/JPY Rises Supported By Widening Yield Spread And Commodities

FX:AUDJPY   Australian Dollar / Japanese Yen
Japan’s nationwide core consumer price index, which includes oil             products but excludes volatile fresh food costs, fell 0.4% in October from a year earlier after a 0.5% drop in September, matching a median market forecast. While falling gasoline and electricity prices continued to drag down inflation , nearly 60% of items making up the index saw prices rise, the data showed.
With downward pressure from energy price declines easing and the yen's recent falls seen pushing up import costs, however, we can expect consumer prices to rebound early next year.
A separate index compiled by the BOJ, which strips out the effect of energy and fresh food costs, showed inflation hit 0.3% in October, slightly up from a three-year low of 0.2% marked in September.
The BOJ has acknowledged that it will take time for inflation to accelerate to its target, modifying its policy framework in September to one better suited to a protracted battle against deflation. It kept policy steady at a subsequent meeting in October despite pushing back the timeframe for hitting its price target.
The AUD jumped on the JPY today as investors piled positions in high-yielding currencies with Aussie bond yields near 11-month highs. The AUD rises are driven by higher commodities prices.
We took profit on our AUD/JPY             short-term position and are looking to buy this pair again on dips. Our long-term strategy remains bullish with the target at 86.00. - Daily Forex Trading Strategies
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out