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AUD/JPY holds above the 95.60 mark ahead of RBA decision
The AUD/JPY cross extends its upside and trades in positive territory for the third consecutive day during the early Asian trading hours on Tuesday. The cross currently trades around 95.68, gaining 0.12% on the day. Market players await the Reserve Bank of Australia's (RBA) interest rate decision later in the day. Australia’s TD Securities Inflation figure dropped to 5.4% YoY from 5.7% in June. Meanwhile, Australia’s Private Sector Credit fell to 0.2% MoM and 5.5% YoY in June, compared to 0.4% and 6.2% prior, respectively. Additionally, Australian Retail Sales experienced their largest decline this year in June. ... (full story)