Australian Building Permits MoM Prel (Mar) M/M -10.5% (Prev. 29.7%)

The preliminary March data for Australian building permits shows a significant decline of 10.5% month-on-month, a stark reversal from the previous increase of 29.7%.

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[MARKET ANALYSIS] Choppy trade in the JPY whilst AUD awaits tomorrow’s RBA

[MARKET ANALYSIS] APAC mostly firmer; Japan and Mainland China away on holiday

Australian Building Permits MoM Prel (Mar) M/M -10.5% (Prev. 29.7%)

Japanese PM Takaichi is to meet with Australian PM Albanese to discuss energy and rare earths

[MARKET UPDATE] Volatility seen in JPY, with USD/JPY instantly dipping from 156.95 to 156.59 before recoiling back to 156.87

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This sharp drop could indicate weakening demand in the housing sector, potentially influencing monetary policy considerations, as it adds to concerns over domestic growth and construction activity.

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