Japan Apr 19 Foreign investment in Japan stocks down to ¥-27.9B vs ¥1568.9B

The AUD/USD closed the session up 8 pips at 1.0279. However, the pair was under pressure early in the Asia session, and traded as low as 1.0231 after the Australian CPI printed 2.5% actual vs. 2.8% forecast. The recent lack of improvement in economic data has many analysts predicting an interest rate cut by the RBA in coming months.