Japanese Yen Retreats as Dollar Rises Ahead of Fed, BOJ Rate Decisions 
BOJ Flags Import Costs and Yen Shocks as Persistent Inflation Risks 
RBA Set for September Rate Hike as Inflation Stays High 
Global Central Banks Brace for More Rate Hikes as Inflation Risks Rise 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
BOJ Raises Interest Rate to 31-Year High as Yen Weakens 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
RBA Hikes Interest Rate to 4.60% as Inflation Risks Rise 
Yen Sinks as BOJ Rate Hike Fails to Impress Markets 
ECB May Stop Rate Hikes After December, Capital Economics Says 
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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
