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AUD: RBA holds rates at 3.60%, signals hawkish pause – BBH

The Reserve Bank of Australia (RBA) kept its cash rate steady at 3.60%, emphasizing an end to easing and hinting at the potential for a future hike, while AUD/USD rebounded toward 0.6650 with resistance near 0.6700 awaiting direction from tomorrow’s Fed decision, BBH FX analysts report.
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JPY underperforms ahead of BOJ hike – BBH

The Japanese Yen (JPY) is lagging as markets price in a 25bps BOJ hike on December 19, with Governor Ueda signaling moderate inflation risk but persistent upward wage pressures; USD/JPY may slide toward 140 following US-Japan yield differentials, BBH FX analysts report.
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