AUD/JPY Price Forecast: Steadies near 111.50, bullish bias remains intact above key EMA
There's a view doing the rounds this week that Australia benefits from energy supply disruptions because we're resource rich. The logic is simple: we export LNG, we dig up coal, and therefore higher energy prices should be a positive.
Australian Dollar rallied broadly after RBA Governor Michele Bullock delivered hawkish remarks that reintroduced a genuine possibility of a rate hike at the March meeting. By describing the decision as “live” and warning against assuming a hold, Bullock unsettled prior market consensus and injected fresh upside risk into rate expectations.
AUD/JPY Price Forecast: Surges toward YTD high near 112.00
AUD/JPY trades above 111.00 after paring recent losses