Australia RBA Interest Rate Decision came in at 2.25%, above forecasts (2%)

FXStreet.com (Barcelona)

Mar 3, 2015

USD/JPY back below 120 on Japanese wages data

The Japanese yen rebounded from fresh three week lows and edged higher versus the US dollar, dragging USD/JPY below 120 handle, mainly driven by solid Japanese wages data.

RBA holds rates at 2.25%, further easing may be appropriate

The Reserve Bank of Australia has decided to hold the benchmark interest rate steady at 2.25%, with the outcome being against market expectations for a 25bp cut, despite this time was a tough call.