The Japanese Yen lost 0.293 points or 0.28% to 103.351 against the US Dollar on Friday, slipping from 9-month highs as accelerating domestic coronavirus infection rates dampened investor sentiment. Tokyo raised its COVID-19 alert level to the highest of four stages on Thursday as the number of new cases surged to a record daily high of 822. On the data front, the BOJ noted that it will conduct an assessment on further effective and sustainable monetary easing, while holding short-term interest rates at -0.1% and maintaining the target for the 10-year Japanese government bond yield at around 0%. Finally, consumer prices declined 0.9%, the sharpest since April of 2010 as the pandemic continued to drag consumption heavily.
Historically, the Australian Dollar reached an all time high of 1.49 in December of 1973. Australian Dollar - data, forecasts, historical chart - was last updated on December of 2020.
The Australian Dollar is expected to trade at 0.76 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.75 in 12 months time.