AUD/JPY sees an upside above 94.00 on escalating Japan-North Korea tensions – by Sagar_Dua24 AUDJPY NorthKorea RiskAversion TradeBalance Inflation
etween Japan and North Korea. The market sentiment is expected to remain negative as the continuous firing of missiles from King Jong-un's economy is discarding Japan’s harmony.
In the past 10 days, North Korea has fired more than five rounds of missiles. Tensions between Japan and North Korea scaled when it flew a missile for the first time since 2017. The unavailability of a prior warning has tangled things and forced the Japanese administration to conduct military exercises with a defensive agenda.
For now, investors are keeping an eye on Australian Trade balance data, which could be a meaningful trigger for further guidance. As per the projections, the Australian Bureau of Statistics will report the monthly Trade Balance for August month at 10,500M vs. the prior release of 8,733M. The projections indicate that trading activity has spurted in the Australian region, which will support theWhile the AiG Performance of Construction Index for September has slipped to 46.5 vs.
On Friday, the Japanese yen will dance to the tunes of Overall Household Spending data. An increment in theindicates the confidence of consumers in the economy. The economic data is seen higher at 6.7% against the former figure of 3.4%. This indicates that the retail demand has soared firmly and may also support the inflation rate to remain intact above 2%.
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