Showing posts with label AUDJPY. Show all posts
Showing posts with label AUDJPY. Show all posts

Monday, May 2, 2011

AUD/JPY Potential Bull Flag ahead of RBA

The Reserve Bank of Australia (RBA) will meet tomorrow to decide on interest rates. The consensus is for the bank to keep rates on hold at 4.75%, however there it is becoming increasingly evident that rates are likely to increase in the coming months. The bank’s inflation target is to