AUD/JPY trades below 91.00 as Japan’s core inflation rises in March
Trending Articles- Iran threatens to completely close Strait of Hormuz if US bombs power plants
- Gold Prices Under Pressure After Hitting $4,600, UBS: Safe-Haven Logic Unchanged But Only Delayed.
- Trump TACO Trade Saves Market, But Who Are the First Victims of the TACO Trade?
- US-Iran Rift Persists, Will Gold Rise or Fall Next?
- Gold Suffers Epic Plunge, March Cumulative Decline Exceeds 20%. Has Gold Become a Risk Asset?
- Gold rallies on hopes for US-Iran talks and falling US Treasury yields
AUD/JPY stays subdued amid thin trading, as Australian markets remain closed for the Good Friday holiday.
Australia’s March labor data has intensified speculation of a potential 25 basis point rate cut by the RBA in May.
In Japan, the “core-core” CPI, , which excludes fresh food and energy—rose to 2.9% in March from 2.6% in February.
AUD/JPY retraces its recent gains from the previous session, trading around 90.80 during the European hours on Friday. The currency cross remains under pressure as the Australian Dollar (AUD) weakens in light trading, with local markets closed for the Good Friday holiday.
Minutes from the Reserve Bank of Australia's (RBA) March 31–April 1 meeting highlighted uncertainty around the timing of the next interest rate move. While the Board viewed the May meeting as an appropriate time to reassess policy, it emphasized that no decision had been pre-committed. Risks to both economic growth and inflation remain balanced to the upside and downside.
Australia’s March labor data showed the unemployment rate steady at 4.1%, but job gains missed expectations. This has fueled speculation of a potential 25 basis point rate cut in May, with some traders even considering a 50 basis point move amid growing concerns of a global slowdown tied to escalating tariffs.
In Japan, the National Consumer Price Index (CPI) rose 3.6% YoY in March, marking three consecutive years above the Bank of Japan’s (BoJ) 2% inflation target, though slightly below February’s 3.7%. The “core-core” CPI—excluding fresh food and energy—accelerated to 2.9% from 2.6%, while core inflation (excluding only fresh food) rose to 3.2%, in line with forecasts.
These inflation readings come ahead of the BoJ’s May 1 policy meeting, where the central bank is expected to maintain rates at 0.5% and potentially revise down its growth outlook as rising global trade tensions weigh on sentiment.
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
