FX Watch: AUD/CAD and AUD/JPY Trend Lines for a Dovish RBA Surprise

February 3, 2026 2:55 pm

The RBA is widely expected to hike rates this February, but what if the central bank still refrains from doing so? Our Event Guide for the RBA Decision suggests that a surprise decision to keep policy unchanged could still be accompanied by commentary keeping the door open for tightening much later on. Here’s what I’m watching on AUD/CAD and AUD/JPY in this scenario.

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