BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
New York Fed President John Williams Signals Rate Hold as Economy Seen Strong in 2026 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
RBA Deputy Governor Says November Inflation Slowdown Helpful but Still Above Target 
Japan Declines Comment on BOJ’s Absence From Global Support Statement for Fed Chair Powell. Source: Asturio Cantabrio, CC BY-SA 4.0, via Wikimedia Commons 
Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
U.S. Urges Japan on Monetary Policy as Yen Volatility Raises Market Concerns 
Bank of Korea Expected to Hold Interest Rates as Weak Won Limits Policy Easing 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
U.S. Prosecutors Investigate Fed Chair Jerome Powell Over Headquarters Renovation 
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
