Westpac FX strategist Sean Callow's view for AUD/USD and AUD/JPY:

AUD and thus AUD/JPY should be capped in coming weeks

  • Cites a possible RBA rate cut in April or May & Aussie headwinds
  • "Occasional AUD gyrations on likely mixed local data in coming weeks plus USD/JPY probes higher on firm U.S. data should see AUD/JPY test 94-95"
  • USD/JPY to be capped as investor expectations for even looser BOJ policy as soon as April cools
  • Japanese institutional demand for Australian bonds may also be "reasonably resilient"
  • Sees AUD/JPY risks tilting toward 90 in coming weeks

via Bloomberg