Yen remains weak, AUD higher after RBA meeting
The Japanese yen dropped further in early trading today against all its counterparts and were against the U.S. dollar to its lowest level since late July. Ahead of BoJ meeting this week Analystsn and investors assume that there will be no decision on restrictions on economic-promoting measures and the BoJ continues pumping fresh capital into the market.
The USD may benefit from a reduction of the Fed's bond purchases this month, which is considered as probably. This should further strengthen the dollar in the next 14 days against the Yen. The yen fell against the dollar to 0.27% currently at 99.59. The pair EUR / JPY is rising 0.09% currently at 1.3114.
The Australian dollar was this morning, after the announcement of the RBA rate decision and statement, continue to grow. The RBA interest rate was left at 2.50% as expected,but positive influence took the missing statement about further possible improvements in the monetary policy of the RBA as it was still logged in the meeting last month. This suggests that the RBA will pump, in the foreseeable future, not more money into the economy in order to strengthen them.
The AUD continued to grow according to the statement. The pair AUD/USD rising 0.70% and currently stands at 0.9040. The EUR was against the AUD by 0.82% currently at 1.4574 and against the JPY, the AUD rose by 0.92% currently at 89.99.
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