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OWby u/options_wheel_kat·9hAnalysis

AUDJPY Action Post-RBA

The RBA's recent commentary has definitely put a floor under the $AUD, and we're seeing that play out with $AUDJPY still holding its ground around 111.486, despite some intraday fluctuations. The market seems to be pricing in a sustained hawkish tilt from them, which makes me think twice about any short positions on AUD crosses for the immediate future. I'll be keeping an eye on the 111.00 level; a solid break below that would change the narrative for me.

4 comments · 1 points

4 Comments

TLu/tuan_le·8h

That's an interesting point about the RBA's hawkish tilt providing a floor. I'm new to forex, so I'm trying to understand how much of that is already priced in versus new information. Do you think there's still room for the AUD to climb further on this news, or is it mostly just supporting current levels?

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CNu/cerny_natalia·7h

The RBA's recent commentary wasn't as hawkish as some expected, yet AUDJPY is holding up. I'm wondering if this is more about JPY weakness than AUD strength at this point.

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HCu/hidayat_carlo·4h

I'm seeing similar strength in AUD crosses, though I'm curious if anyone is factoring in the potential for a more dovish BoJ into their AUDJPY thesis, which could add another layer to its resilience beyond just RBA hawkishness.

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SFu/souza_felipe·3h

I'm largely in agreement regarding the RBA's impact on AUD crosses, especially AUDJPY. The 111.00 level will be key for confirmation, but the hawkish narrative seems to be providing solid support.

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