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Analyzing AUD/JPY.

AUD
Australian economy is showing pick up in GDP growth on back of rising optimism around corporate investments. Household consumption is subdued for the time being but is expected to pick up gradually in coming quarters which should provide the boost to the economy further. Inflation is still below the target of 2 % which gives Reserve Bank Australia the headroom to keep the interest rates low thus improving the access to cheaper credit to investors and consumers.
JPY
Japanese economy is contin…
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AUD/JPY to consolidate.

AUD:
In Australia the Reserve Bank of Australia is expecting the Australian economy to grow at an annual rate of around 3 percent over the next couple of years and inflation is estimated to pick up gradually as the economy strengthens. Employment growth has been stronger over recent months, and has increased in all states. The unemployment rate is expected to decline a little over the next couple of years.
JPY:
There are quite positive developments going on in Japanes economy. Japan's economy ha…
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In the meeting held on 5th September the RBA kept the interest rates unchanged at 1.5 % but gave much more positive indications about growth in economy.  As per recent economic data, inflation is expected to rise gradually, business investments is picking up, employment growth has become stronger, though labor hours remains week. The various forward-looking indicators point to continued growth in employment over the period ahead. Economic growth is still expected to increase gradually over the next couple of years to a little above 3%.

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The Unemployment rate in Japan is expected to remain steady at 2.8 % in August same as previous month. Rise in labor force is being absorbed by rising job opportunities in improving Japanese economy. Among people aged 15 to 24 years old, the jobless rate is likely to fall 4.9 % from 5.1%. A lower jobless rate translates into more income-earning workers and greater consumption. Such increased expenditure accelerates economic growth, but can also heighten inflationary pressures. However, such inflationary pressures are missing in Japanese economy despite Unemployment rate reaching 28 year low

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AUD/JPY Analysis.

The Australian economy is continuing its transition following the end of the mining investment boom, expanding by around 2½ per cent in 2016. Exports have risen strongly and non-mining business investment has risen over the past year. Most measures of business and consumer confidence are at, or above, average. Consumption growth was stronger towards the end of the year, although growth in household income remains low.
The Japanese economy is advancing at moderate which is better than earlier qua…
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Anticipating AUD/JPY

The Reserve Bank of Australia left the cash rate unchanged at a record low of 1.5 percent during the meeting held on February 7th, as expected. While highlighting economic growth over the next couple of years will be around 3 percent, mainly boosted by further increases in resource exports, policymakers said inflation is expected to remain low for some time. So I am expecting the AUD to get stronger in coming months.
When we look at Japanese economy The Bank of Japan has left the interest rate u…
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Predicting AUD/JPY.

AUD/JPY's low of June 2016 was nearly the 61.8% Fibonacci Retracement of rally from 55.7 touched in Feb 2009 to 105.5 in April 2013. From June lows there was a pullback rally and afterwards it has formed a good base at levels of around 76.000 on weekly charts.
I am expecting the AUD/JPY to be trading at 81.6000 at 1st December 2016 unless if there is a surprise outcome in US presidential elections.
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Elens94 avatar
Elens94 31 Oct

well done!;)

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