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New Bank of Japan Governor Ueda is set to maintain a dovish stance on monetary policy at his first meeting this week. Despite this, the JPY is finding support.
A +0.25% rate hike by the RBA is being seen as a slightly dovish move. The prospect of an end in sight for tightening has weighed the AUD down.
There has been an enormous market reaction to the higher than expected US inflation data. USD has regained strength across major forex, hitting commodities and indices too
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