AUD/JPY aims an establishment above 92.50 as risk-on profile soars, China CPI eyed – by Sagar_Dua24 AUDJPY BOJ CPI PBOC GDP
k session after climbing above the critical hurdle of 92.30. A decent recovery in the AUD/USD pair has set a bullish ground for the AUD/JPY asset.
The cross has faced immense selling pressure as the Japanese yen failed to capitalize on better-than-anticipated Gross Domestic Product data. The annualized data contracted by 0.8% vs. expected contraction by 1.1% and the prior release of -1.2%. While the quarterly data has contracted by 0.2% against the consensus and the prior release of 0.3% contraction.
Figures are more upbeat than expected but the growth rate is still contracting, which creates a ground for more economic stimulus from the Bank of Japan ahead. This has triggered fears of a decline in inflation ahead as a slowdown in economic activities indicates sluggish demand by the households. has been emphasizing the need of pushing inflation higher. He advocated that a significant rise in wage inflation could spur overall inflation in the Japanese economy.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Asian Stock Market: Extend losses as US recession fears soar, oil seeks support, China CPI eyedAsian Stock Market: Extend losses as US recession fears soar, oil seeks support, China CPI eyed – by Sagar_Dua24 Asia Inflation China Recession Oil
Weiterlesen »
AUD/JPY breaks above 91.70 despite Australian GDP trims to 5.9%The AUD/JPY pair has overstepped the critical resistance of 91.70 despite a weaker-than-projected Australian Gross Domestic Product (GDP). The annual
Weiterlesen »
AUD/JPY Price Analysis: Sellers attack weekly support on mixed Aussie trade dataAUD/JPY Price Analysis: Sellers attack weekly support on mixed Aussie trade data – by anilpanchal7 AUDJPY Technical Analysis ChartPatterns Macroeconomics Crosses
Weiterlesen »
China's November CPI inflation to drop to 1.5% y/y from 2.1% – TDSEconomists at TD Securities said they expect the Consumer Price Index in China to decline to 1.5% on a yearly basis in November from 1.5%. November PP
Weiterlesen »
Bitcoin takes liquidity near $17K as US dollar shows weakness pre-CPIBitcoin slowly ups volatility as BTC price action edges towards $17,000.
Weiterlesen »
Gold Price Forecast: XAU/USD rises back above $1780 on recession fears, weak China dataGold Price Forecast: XAU/USD rises back above $1780 on recession fears, weak China data – by christianborjon Gold XAUUSD Macroeconomics Technical Analysis SEO
Weiterlesen »