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BoJ QQE2 not a game changer for the Aussie - ANZ

FXStreet (Bali) - For the AUD, US policy dynamics remain the dominant external force likely to continue depreciating AUDUSD.

Key Quotes

"Despite the recent BoJ announcement, for the AUD, US policy dynamics remain the dominant external force and it will not be supportive of the AUD."

"The policy response in the rest of Asia is likely to drive USD/Asia higher and pull the AUD along for the ride, adding to its vulnerability."

"For fixed income, AUD markets should benefit at the margin, although the size and timing of the flow remains uncertain given competing factors."

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