AUD/JPY: Fed Minutes Weigh on the Aussie

The Australian dollar is foreseen to give up further ground alongside the Japanese yen today as the minutes of the Federal Reserve’s latest meeting suggested that policymakers are increasingly divided about the downside risks of their bond-buying, raising the possibility of an early end to its stimulus efforts. Meanwhile, analysts deem that the Japanese economy will perform better in the coming fiscal year earlier than expected.

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