Weaker risk sentiment pulls the AUD to its lowest levels since January
AUD/USD continues to move within the downward channel.
A chance to trade the Japanese currency
The Bank of Japan will make its monetary policy statement and announce the interest rate on March 15. The bank won’t change its interest rate, but the comments by the bank of Japan governor Haruhiko Kuroda may shake the JPY. During the previous month, the BOJ governor threw hints on further monetary policy easing. This dovish outlook made the JPY suffer. Let’s see where the central bank will drive its currency.
• If the BOJ is hawkish, the JPY will move up;
• If the BOJ is dovish, the JPY will move down.
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