RBA

2024 - 9 - 23

RBA Rate Decision: Will AUDJPY Break Through or Stall Again?

RBA meeting -- interest rates -- interest rates australia -- rba cash rate -- rba interest rate Australia Economy - Cash Rate - Inflation - Interest Rates - Mortgage Rates - RBA - RBA meeting - interest rates - interest rates australia - rba cash rate - rba interest rate

As the RBA's rate decision looms, AUDJPY faces a nail-biting showdown at the 50-SMA. Will it break through or stall yet again?

As the cash rate decision from the Reserve Bank of Australia (RBA) approaches, the Australian dollar against the Japanese yen (AUDJPY) is currently experiencing a tricky moment at the 50-day simple moving average (SMA) of 98.25. This pivotal point has become a little battleground for traders, with AUDJPY attempting to push past this threshold since Friday. The phrase ‘déjà vu’ seems quite apt here, as this isn’t the first time the pair has found itself at this crucial juncture, trying desperately to close above that slippery SMA.

The anticipation for the RBA's rate decision adds an extra layer of excitement—and tension. Analysts around the country are sharpening their pencils, watching every trade volume tick and price fluctuation for signs of direction. Traders bracing themselves for potential moves are keenly aware that breaking above the 50-SMA could hint at a bullish trend resurgence for AUDJPY, while stalling here could send the pair spiraling downward once again.

Interestingly, the RBA has been in a relentless position to tighten its monetary policy in response to inflation concerns, which has shifted the playing field for AUDJPY substantially. While the Japanese yen has maintained a relatively stable stance due to the Bank of Japan’s accommodative measures, the Australian dollar's destiny hangs on the razor's edge of the RBA's next steps. Moreover, global economic trends are also having their say, as external factors such as geopolitical tensions and commodity prices may weigh heavily on both currencies’ performance.

In the backdrop of this riveting trading action, it’s worth noting that the Australian dollar often reflects shifts in commodity markets due to Australia’s heavy reliance on commodity exports. Meanwhile, Japan's economy is notable for its reliance on imported raw materials. Therefore, any changes in these markets have the potential to sway AUDJPY’s fate significantly. So whether you’re a seasoned trader or someone who's just curious about currency dynamics, keep your eyes peeled—it’s shaping up to be an exciting ride!

Post cover
Image courtesy of "Action Forex"

AUDJPY Stalls Near 50-SMA Ahead of RBA Rate Decision - Action ... (Action Forex)

AUDJPY has been pushing for a close above its 50-day simple moving average (SMA) at 98.25 since Friday. The pair is encountering a sense of déjà vu from ...

Post cover
Image courtesy of "ABC News"

RBA should stop relying on outdated theory about inflation and ... (ABC News)

Central banks, including the RBA, subscribe to an old economics theory that unemployment must rise in order for inflation to fall.

Post cover
Image courtesy of "ABC News"

When will interest rates go down? Here's what you need to know ... (ABC News)

The RBA is meeting today to hand down this year's sixth cash rate decision, but only one of Australia's four major banks expects a rate cut by the end of ...

Post cover
Image courtesy of "SBS"

Will the RBA raise, hold or cut interest rates? Here's what the experts ... (SBS)

As the Reserve Bank meets to discuss interest rates, economists agree on one likely outcome.

Post cover
Image courtesy of "4BC"

Rate relief in sight? Expert weighs in as RBA predicted to hold steady (4BC)

Clinton is joined by Scott O'Neil from Rethink Investing to share his perspective on the direction of interest rates. As the Reserve Bank of Australia (RBA) ...

Economist says rate hikes loom as RBA navigates complex ... (InvestorDaily)

Australia may face two rate hikes by the end of the year as the central bank struggles to navigate an “extraordinarily complex macroeconomic situation”, ...

Post cover
Image courtesy of "NEWS.com.au"

Aussies smashed by $5.5bn mortgage bill (NEWS.com.au)

Australians with mortgages have collectively paid an estimated extra $5.52bn in repayments every month since the Reserve Bank began increasing rates two and ...

Post cover
Image courtesy of "FXStreet"

RBA set to extend interest-rate pause as price pressures linger (FXStreet)

The RBA's policy statement and Bullock's words are set to inject volatility around the Australian Dollar. The Reserve Bank of Australia (RBA) is likely to ...

Post cover
Image courtesy of "The Northern Daily Leader"

Only two things on RBA's mind ahead of rate meeting (The Northern Daily Leader)

The Reserve Bank is set to meet but Australians hoping for interest rate cuts before the end of...

Post cover
Image courtesy of "Goulburn Post"

RBA interest rates: Can Australians expect a rate cut soon? (Goulburn Post)

Discover why Australia's inflation remains high despite weak demand. The RBA's challenges and potential government solutions discussed.

Post cover
Image courtesy of "Yahoo Finance Australia"

RBA interest rates: Major banks' predictions ahead of today's RBA ... (Yahoo Finance Australia)

The RBA is widely expected to keep interest rates on hold today with banks split on when the first cut will come.

Post cover
Image courtesy of "9News"

Reserve Bank tipped to keep interest rates on hold today (9News)

Mortgage holders are likely again to be denied any relief today when the Reserve Bank of Australia (RBA) an...

Post cover
Image courtesy of "The West Australian"

RBA interest rates: Live updates from the Reserve Bank of ... (The West Australian)

We're certain Reserve Bank governor Michele Bullock can sympathise. The US Federal Reserve last week joined the central banks of Canada, the UK, New Zealand and ...

Post cover
Image courtesy of "The Sydney Morning Herald"

Australia news LIVE: RBA expected to hold rates steady; PM calls for ... (The Sydney Morning Herald)

At a press conference earlier today, Albanese was flanked by WA Premier Roger Cook and Transport Minister Rita Saffioti. Federal MP for Swan Zaneta Mascarenhas ...

RBA interest rates: Government spending to hit record levels next ... (The Australian Financial Review)

With Treasurer Jim Chalmers forecasting a $28.3 billion budget deficit this financial year, Westpac estimates state and federal government spending will hit a ...

Statement by the Reserve Bank Board: Monetary Policy Decision ... (Reserve Bank of Australia)

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances ...

RBA holds rates at 4.35% at September meeting (Money magazine)

The Reserve Bank of Australia (RBA) has left the official cash rate unchanged at 4.35% for the seventh time in a row at its September Board meeting, ...

Post cover
Image courtesy of "The Sydney Morning Herald"

No relief for home owners as RBA holds rates (The Sydney Morning Herald)

The Reserve Bank has held interest rates steady for the seventh meeting in a row, keeping pressure on mortgage holders ahead of inflation figures this week ...

Post cover
Image courtesy of "The Guardian"

Australia news live: RBA holds official interest rate at 4.35% for ... (The Guardian)

The verdict was widely expected by economists not least because RBA governor, Michele Bullock, has said previously that an interest rate cut was unlikely in the ...

Post cover
Image courtesy of "Australian Broker"

RBA holds cash rate despite inflation falling (Australian Broker)

The Reserve Bank of Australia (RBA) has held the official cash rate (OCR) steady at 4.35% during its September meeting, a move predicted by all 42 ...

Post cover
Image courtesy of "ABC News"

Live: RBA leaves interest rates on hold as ASX eases in afternoon ... (ABC News)

The RBA has left interest rates on hold. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

Post cover
Image courtesy of "Mortgage Business"

RBA calls September cash rate (Mortgage Business)

The Reserve Bank of Australia (RBA) has decided to hold the official cash rate at 4.35 per cent, in a move that was widely anticipated by economists and the ...

Post cover
Image courtesy of "The Guardian"

No cuts in 'near term' as RBA leaves Australia's official interest rate ... (The Guardian)

The governor of the Reserve Bank, Michele Bullock, says she does not see interest rate cuts “in the near term” as the central bank waits for clearer evidence ...

Post cover
Image courtesy of "Canberra CityNews"

Reserve Bank keeps rates on hold, as expected | Canberra CityNews (Canberra CityNews)

The Reserve Bank of Australia held the cash rate steady at 4.35 per cent at its September meeting and kept all options open in its fight against inflation.

Post cover
Image courtesy of "Money Management"

Rba Makes Latest Rate Call (Money Management)

The Reserve Bank of Australia (RBA) has left rates unchanged at 4.35 per cent in September's meeting. In the meeting on 23-24 September, the board opted to ...

Post cover
Image courtesy of "ChannelNews"

channelnews : RBA Leaves Interest Rate Unchanged (ChannelNews)

Despite overwhelming evidence of high interest rates hurting retailers and sectors including transport and construction, as well as consumers, ...

Post cover
Image courtesy of "6PR"

The RBA leaves interest rates on hold (6PR)

The reserve bank decided today it will leave the cash rate on hold at 4.35 percent, amidst increasing pressure to cut rates.

Post cover
Image courtesy of "The Australian Financial Review"

RBA interest rates: Inflation to hit 3-year low, but don't expect an ... (The Australian Financial Review)

Michele Bullock says she will ignore data on Wednesday that is likely to show inflation back in target band, warning government energy rebates will not ...

Explore the last week