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FX Watch: AUD/JPY and AUD/CAD Inflection Points if Australia’s CPI Reflects Sticky Inflation
Australia has its CPI report lined up this week, and traders are keen to find out if sticky price pressures are still likely to keep the RBA hawkish.
Our Event Guide for the October CPI release lists a handful of leading indicators suggesting elevated consumer inflation for the month, possibly supporting expectations for restrictive RBA monetary policy for much longer.
Here’s what I’m watching on AUD/JPY and AUD/CAD in this scenario.
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