The AUD/JPY currency pair might fall in the medium term, according to our technical and fundamental analysis. The RSI oscillator on the daily and weekly charts is below 50, and this indicates a downtrend. A medium-term target may be 75.23 where is Fibo 0.23 on the weekly chart.
Low wages, high debts and housing bubble continue to threaten the Australian economy and the Australian dollar.
The most important data of this week:
BOJ rate decision (-0.1% expectation) ( -0.1% previous)
BOJ Outlook Report
Australia Unemployment Rate (+5.1% expectation) ( +5.1% previous)
Unemployment Change (18k expectation) ( 37k previous)