• The lows under 1.03 were rejected again today.
• There are exporter bids below 1.0300, layered on downside and into bids from offshore players around 1.0250
• Topside sellers around 1.0350
• AUD/JPY buyers 96.00 to 96.25
• Friday sees the release of the RBA’s Statement on Monetary Policy – this will be keenly examined for clues as to a March/April rate cuts.