RBA Rate Hike Locked In as Yen Intervention Shock Lingers

An RBA rate hike is now backed by market pricing and all of Australia's Big Four banks, shifting the focus to whether a second hike follows. Matt Simpson, StoneX Media Market Analyst, explains what Australian employment data and Japanese intervention risk mean for the Australian dollar and AUD/JPY. Unemployment at 4.5% sits at the bottom of the range Reserve Bank of Australia Governor Michele Bullock linked to cooling inflation, leaving room to tighten. AUD/JPY stays exposed to intervention from Japan's Ministry of Finance or the Bank of Japan. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_matt_simpson&utm_content=share 00:00 - Big Four Banks Back RBA Hike 00:42 - Second RBA Hike Now in Frame 01:07 - Jobless Rate Gives RBA Room 01:52 - Aussie Part-Time Jobs Slide 02:50 - Aussie Dips Within the Trend 04:02 - AUD/JPY vs Japan Intervention Like and subscribe for more financial market insights. #RBA #AUDUSD #StoneX #MattSimpson --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social