Asia Summary and Highlights 11 August
Jiji says The BoJ may consider an additional rate hike at its September 17-18 meeting
RBA leaves cash rate unchanged at 4.35%
Asia Session
RBA kept cash rate unchanged at 4.35% in the August meeting. The hawks are left disappointed as forward guidance remain similar with inflation expectation likely revised higher. While upside risk is highlighted, it is likely just a gesture. AUD/USD is trading 0.16% lower at 0.7042. NZD/USD is trading 0.12% while USD/CAD is down 0.09% with oil trading individually.
Jiji reported that the BoJ may consider an additional rate hike at its September 17-18 meeting. It seems to be bolder than most market participants' anticipation of an October hike. USD/JPY is trading 0.06% lower at 159.17 after testing a session low at 158.93. Else, EUR/USD is up 0.01% and GBP/USD is up 0.05%.