USD/JPY is back to its bad old tricks, stuck in a 12 pip session range, and EUR/USD hasn’t done much better only managing 15 pips thus far.
The AUD was of course the big mover after the CPI data ensured that the RBA will definitely cut rates by at least 25 bps at its May meeting in 2 weeks time. AUD/USD fell swiftly by 50 pips but now it has also become stuck again in a tight range.
