The Japanese yen inclined today versus major peers after the recently seen series of losses, noting that it began to regain its power as a safe heaven currency. The Australian dollar slightly declined ahead of the RBA rate decision; however, expectations say the reserve bank will keep rates unchanged.
The yen inclined versus the dollar today, following two-days of losses, where the USD/JPY pair recorded a low of 99.311 from a high of 99.693, and the pair started today’s session at 99.558. Meanwhile, GBP/JPY pair gained to a high of 154.691 from a low of 154.590, while the EUR/JPY pair rose today after a series of losses to record a high of 131.190 from a low of 131.109.
On the other hand, The Australian dollar fell against its American counterpart, as investors are awaiting the interest rate decision to be announced by the Reserve Bank of Australia, which is expected to add further stimulus measures to support the economy and keep rates steady at 2.50%. AUD/USD pair fell to a low of 0.89712 after hitting its highest at 0.90242, while the pair started today’s session at 0.89964.