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Home.forex news reportFX Watch: GBP/AUD and AUD/JPY Trend Channels on Cooling Australian CPI

FX Watch: GBP/AUD and AUD/JPY Trend Channels on Cooling Australian CPI

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Even though the RBA signaled a more cautious approach to further easing, downbeat CPI data could still revive calls for another immediate cut.

Our Event Guide for Australia’s CPI Report points out that businesses have reported lower input costs for February, possibly contributing to a downtick in headline consumer inflation.

Here’s what I’m looking at on GBP/AUD and AUD/JPY in this scenario.

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