Several economic data releases can influence the AUD/JPY currency pair. Here are some key upcoming data points:
Australian Economic Data:
GDP Growth: A strong GDP report can boost AUD by indicating a robust economy, while a weak report might weaken AUD.
Inflation Rate: Changes in inflation can influence the Reserve Bank of Australia's (RBA) monetary policy decisions, impacting AUD.
Employment Data: Strong employment figures can support AUD by indicating a healthy labor market.
Japanese Economic Data:
Inflation Rate: Japan's inflation rate impacts the Bank of Japan's (BOJ) policy decisions, affecting JPY.
BOJ Monetary Policy Decisions: Any changes in interest rates or quantitative easing can significantly impact JPY.
Unemployment Rate: Unexpected changes in the unemployment rate can influence JPY by affecting economic outlooks.
Global Economic Indicators:
US Economic Data: Strong US data can influence global risk appetite, impacting both AUD and JPY.
China's Economic Performance: As Australia's largest trading partner, China's economic health affects AUD.
Impact on AUD/JPY Trade Directional Bias
AUD Strength: Positive Australian economic data, such as strong GDP growth or low unemployment, can strengthen AUD against JPY.
JPY Strength: Positive Japanese economic data or a dovish stance from the RBA can strengthen JPY against AUD.
Risk Sentiment: AUD/JPY is sensitive to global risk sentiment. During risk-off periods, JPY tends to strengthen, while AUD weakens.
Trading Strategy:
Long AUD/JPY: If Australian economic data is strong and Japanese data is weak, or if global risk sentiment improves.
Short AUD/JPY: If Australian data is weak and Japanese data is strong, or if global risk sentiment deteriorates.
Recent Developments:
Hawkish BOJ Sentiment: Expectations of further interest rate hikes by the BOJ have strengthened JPY, impacting AUD/JPY negatively.
Tariff Concerns: Growing concerns about a global tariff war have also pressured AUD/JPY, as AUD is sensitive to trade tensions involving China
Australian Economic Data:
GDP Growth: A strong GDP report can boost AUD by indicating a robust economy, while a weak report might weaken AUD.
Inflation Rate: Changes in inflation can influence the Reserve Bank of Australia's (RBA) monetary policy decisions, impacting AUD.
Employment Data: Strong employment figures can support AUD by indicating a healthy labor market.
Japanese Economic Data:
Inflation Rate: Japan's inflation rate impacts the Bank of Japan's (BOJ) policy decisions, affecting JPY.
BOJ Monetary Policy Decisions: Any changes in interest rates or quantitative easing can significantly impact JPY.
Unemployment Rate: Unexpected changes in the unemployment rate can influence JPY by affecting economic outlooks.
Global Economic Indicators:
US Economic Data: Strong US data can influence global risk appetite, impacting both AUD and JPY.
China's Economic Performance: As Australia's largest trading partner, China's economic health affects AUD.
Impact on AUD/JPY Trade Directional Bias
AUD Strength: Positive Australian economic data, such as strong GDP growth or low unemployment, can strengthen AUD against JPY.
JPY Strength: Positive Japanese economic data or a dovish stance from the RBA can strengthen JPY against AUD.
Risk Sentiment: AUD/JPY is sensitive to global risk sentiment. During risk-off periods, JPY tends to strengthen, while AUD weakens.
Trading Strategy:
Long AUD/JPY: If Australian economic data is strong and Japanese data is weak, or if global risk sentiment improves.
Short AUD/JPY: If Australian data is weak and Japanese data is strong, or if global risk sentiment deteriorates.
Recent Developments:
Hawkish BOJ Sentiment: Expectations of further interest rate hikes by the BOJ have strengthened JPY, impacting AUD/JPY negatively.
Tariff Concerns: Growing concerns about a global tariff war have also pressured AUD/JPY, as AUD is sensitive to trade tensions involving China
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.