AUD and NZD have both been hit hard in the wake of the RBA announcement
- Reserve Bank of Australia CUTS RATES by 25bps
- Full text of the RBA statement February 3, 2015
- Plenty of jawboning, little guidance in RBA statement
–
But, FX markets stand still for no-one, and yen crosses have come under fire now also.
USD/JPY had been heavy for most of the day, its down from a high around 117.70 to be testing toward (and just below) 117.00. EUR/JPY is off heavily with it, EUR/USD ticking to session lows now also (and cable weak too).
With both AUD/USD and USD/JPY under pressure, AUD/JPY is to a near 12-month low
