BOJ Seen Holding Rates at 1% While Keeping Inflation Risk Warning 
Japan PM Sanae Takaichi Unveils Growth Plan as BOJ Independence Concerns Lift Bond Yields 
BOJ Expected to Hold Rates Steady While Signaling More Hikes Ahead 
China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven 
RBI Holds Repo Rate at 5.25% as Inflation Risks and Global Uncertainty Persist 
ECB Expected to Hold Rates as Middle East Tensions Keep September Hike in Focus 
Japan Services Producer Prices Rise 3.2% in June, Supporting BOJ Rate Hike Expectations 
RBA Signals More Rate Hikes Possible as Australia Battles Stubborn Inflation 
Australia Inflation Cools as Core CPI Misses Forecasts, Easing RBA Rate Hike Pressure 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
RBA published the minutes of its August monetary policy today. It has reiterated that it is “unlikely that the cash rate target would be cut in the short term.” The minutes also stated that “not possible to either rule in or rule out” further interest rate changes. The central bank mentioned that an immediate hike is possible only if inflation increases materially.
It also suggested that keeping the cash rate steady “for an extended period” is good to drag the inflation down to target within a reasonable time frame.
Major resistance- 0.6800
Near-term resistance - 0.6750
Minor support- 0.6640,0.6600
Trend reversal level- 0.6560
