Australia's July–September CPI will be released on the 28th, and is seen as the final checkpoint for the RBA's rate-hike decision. The market is expected to remain volatile next week.
Last week, AUD/JPY rose to around ¥111, a one-month high, before plunging as share prices fell amid cyber-related risks and concerns about AI-related investments. It briefly reached a low of ¥109.49 in the Tokyo market, but subsequently moved in the direction of a weaker yen and was trading at around ¥110.28 as of 4 p.m.
Australia's July–September CPI will be released on the 28th this week. The market views the CPI as the final checkpoint when the RBA decides whether to raise rates or leave them unchanged, and the year-on-year forecast for the trimmed mean is 3.6%. The view is that the RBA's rate-hike decision will be difficult, and attention is focused on the CPI result.
The projected range for AUD/JPY next week is ¥108.750–¥111.750, with the underlying trend expected to remain volatile. Key points to watch this week include the CPI on 10/28, share prices in major economies and international commodity prices.