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Australian Dollar: RBA set to hold amid inflation risks

BNY’s Geoff Yu and David Tam expect the Reserve Bank of Australia (RBA) to keep rates unchanged at 4.35%, noting that markets doubt its willingness to hike despite persistent inflation and robust labor and spending data. They flag housing weakness, lack of terms-of-trade support and poor productivity as structural drags,…

Japanese Yen comes under pressure as BoJ division, narrowing surplus

USD/JPY gains ground after registering modest losses in the previous day, trading around 158.20 during the Asian hours on Monday. The pair remains stronger as the Japanese Yen (JPY) holds losses following the release of the Bank of Japan’s (BoJ) Summary of Opinions from its July 30–31 monetary policy meeting.The summary suggested a clear division among board members; while some advocated for holding interest rates steady to evaluate the lagged impact of previous rate hikes,…

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