AUD/JPY’s selloff is accelerating as renewed risk aversion combines with a growing “stagflation trap” that is undermining the Reserve Bank of Australia’s hawkish outlook. While markets still price around a 72% chance of a May rate hike, surging energy and fertilizer costs are increasingly seen as a drag on growth rather than a simple inflation […]The post Stagflation Trap Could Tie RBA’s Hawkish Hand, and Send AUD/JPY to 103 appeared first on ActionForex.