The Japanese Yen (JPY) and Australian Dollar (AUD) are in focus this week as traders brace for critical economic data that could influence interest rate decisions from the Bank of Japan (BoJ) and Reserve Bank of Australia (RBA).
Japan’s Producer Price Index (PPI) data, due May 14, could be pivotal for the USD/JPY exchange rate. Analysts expect a year-over-year increase of 4.0%, slightly down from 4.2% in March. A weaker-than-expected reading may signal easing inflation and dampen BoJ’s tightening prospects—dragging the Yen lower.
📉 Bearish Case for USD/JPY:
📈 Bullish Case for USD/JPY:
Key Levels to Watch:
🕒 Also monitor: U.S. Fed statements, geopolitical risks, and trade negotiations for further USD/JPY direction.
The Australian Dollar (AUD) awaits fresh cues from April’s labor market data, due May 15. The unemployment rate is expected to hold steady at 4.1%. Strong employment could reduce the chance of RBA rate cuts in 2025 and lift AUD/USD higher.
📈 Bullish Case for AUD/USD:
📉 Bearish Case for AUD/USD:
Key Levels to Watch:
🎯 Market Impact: RBA may lean less dovish if job growth is robust, while softer labor figures could increase rate cut bets.
📌 Stay updated on the latest forex forecasts, central bank moves, and data-driven currency analysis at www.dailyforex.pk.
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