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Australia RBA Interest Rate Decision meets expectations (3.85%)

Japanese Yen gains on intervention fears, political uncertainty caps further upside

The Japanese Yen (JPY) edges higher against its American counterpart during the Asian session on Tuesday and, for now, seems to have snapped a two-day losing streak to over a one-week trough, touched the previous day.
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AUD/NZD climbs to near 1.1630 as RBA raises interest rates by 25 bps to 3.85%

The AUD/NZD pair jumps to near 1.1630 during the Asian trading session on Tuesday. The pair gains sharply as the Australian Dollar (AUD) strengthens after the Reserve Bank of Australia (RBA) raises interest rates by 25 basis points (bps) to 3.85%, as expected.
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