Japanese Yen (JPY) and Australian Dollar (AUD) Outlook: Key Factors Driving Forex Markets – Spending Data, Turnover Trends, and Fed Policy Impact
Key Points:Japanese household spending is expected to drop 3% MoM in June, following a 4.6% surge in May.Australia’s business turnover fell 0.1% in June, with five sectors reporting declines, including retail.Fed commentary later today could sway both USD/JPY and AUD/USD by shifting rate cut expectations.Household Spending Data May Fuel BoJ Rate Hike SpeculationCrucial Japanese household spending figures could fuel speculation about a Q4 Bank of Japan rate hike and influence the USD/JPY pair.Eco