FX:AUDJPY Australian Dollar/Japanese Yen
Today the Reserve Bank of Australia kept interest rates unchanged at 2.25%. Such a decision for the Australian dollar turned positive. Given that the RBA said earlier about the possibility of a rate cut at the April meeting and the market to price in a similar outcome with a probability of 75%. RBA, who is still willing to keep monetary policy unchanged, is more rigid than the policy of the Bank of Japan, which has long been conducting stimulation. All this will allow the Australian dollar in the short term to continue to strengthen.