AUD/JPY is trading less than 91.00 with the height of the basic inflation in Japan in March

• Aud/JPY remains defeated in high trading, as the Australian markets remain closed to spend the great Friday holiday.
• Australia’s employment data intensified in March to reduce the potential point rate of 25 points by RBA in May.
• In Japan, the “basic” consumer price index, and Which excludes fresh food and energy – up to 2.9 % in March from 2.6 % in February.

Aud/JPY re -gains from the previous session, circulating about 90.80 during the European hours on Friday. The currency cross remains under pressure with the weakness of the Australian dollar (AUD) in the circulation of light, with the closure of local markets to spend the great Friday vacation.

On minutes of the Australian Reserve Bank meeting (RBA) March 31 – the most prominent April 1 meeting on the uncertainty about the timing of the next interest price step. While the Board of Directors is looking at the May meeting as a suitable time for policy reassessment, it stressed that no decision has been delivered in advance. The risks to both economic growth and inflation are still balanced in the upward and negative side.

Labor data in March in Australia showed a stable unemployment rate at 4.1 %, but job gains lost expectations. This led to strengthening speculation by reducing the potential rate of 25 in May, with some merchants even given a 50 -year step amid increasing concerns of the global slowdown associated with escalating definitions.

In Japan, the National Consumer Prices Index (CPI) increased by 3.6 % on an annual basis in March, representing three consecutive years over the target of inflation in the Bank of Japan (BOJ) by 2 %, although it is just less than 3.7 % of February. The “basic” consumer price index-which is known for fresh foods and energy-was sequenced to 2.9 % of 2.6 %, while basic inflation (except for fresh foods only) increased to 3.2 %, in line with expectations.

These inflation readings come before the Boch Policy meeting on May 1, where the central bank is expected to maintain 0.5 % and may deviate from growth expectations with increasing global trade tensions.