The Japanese yen is deemed to maintain its decline opposite the Australian dollar today after minutes of the Bank of Japan’s rate review revealed additional options for expanding stimulus further. Likewise, Japanese Prime Minister Shinzo Abe ramped up the pressure on the BOJ yesterday, urging it to adopt further measures to reach the 2 percent inflation target.



The minutes of the BOJ’s policy meeting released earlier today showed policymakers discussed buying longer-dated government…

The Japanese yen is deemed to dip alongside the Australian dollar today as the Japanese economy contracted for the third consecutive quarter in Q4, indicating that the country is struggling to escape from a mild recession. Likewise, the markets are awaiting the outcome of the Bank of Japan’s monetary policy meeting today.



Amid economic uncertainties overseas, Japan’s economy shrank at an annualized pace of 0.4 percent in the final three months of 2012 to contract for a third…

With the lack of supporting data from the Maple Leaf, the Canadian dollar is foreseen to make way for gains by its Australian currency peer. More of the Asian commodity dollar is perceived to be purchased after earlier reports that Australian consumer sentiment surged to a 26-month high. Market participants are also likely to look into consumer spending data from the world’s largest economy, which could likewise affect the demand for the Canadian asset.



With the increased payroll…

The bearish run by the Canadian dollar opposite the Australian currency is projected to be extended today as risk appetite benefits the North American commodity dollar. Analysts are less bearish on the Loonie as data from the Richard Ivey School of Business offers positive figures for traders. Also, speculations of a further cut in the benchmark interest rate by the Reserve Bank of Australia weaken the prospects of the Aussie.



The January update on the Canada Ivey Purchasing…