RBA raises cash rate target by 25bps to 0.35% today, larger than expectation of 15bps to 0.25%. The interest rate on Exchange Settlement balances is also lifted by 25bps to 0.25%. In the forward guidance, RBA said it’s committed to “ensure that inflation in Australia returns to target over time”. That will “require a further […]
The post RBA hikes by 25bps to 0.35%, more to come appeared first on Action Forex.
Japan’s industrial production declined -2.3% mom in November, outperforming expectations of a -3.4% mom drop, but marking the first contraction in three months. The decrease was driven by weaker exports of semiconductor manufacturing devices and Read more…
Japan’s Tokyo core CPI (excluding food) rose from 2.2% yoy to 2.4% yoy in December, marking its highest level since August but falling short of expectations for 2.5%. The increase was largely driven by a Read more…
Key Highlights USD/JPY started a fresh increase above the 156.00 resistance zone. A major bullish trend line is forming with support at 156.80 on the 4-hour chart. EUR/USD is still consolidating below the 1.0450 resistance Read more…