The Aussie fell in Asia Friday after the Reserve Bank of Australia lowered its inflation views in its Statement of Monetary Policy.

AUD/USD traded at 0.7403, down 0.84%, while USD/JPY changed hands at 107.08, down 0.17%.

"The Reserve Bank of Australia?s new forecast that underlying inflation will remain below the 2-3% target range until the middle of 2018 supports our long-held view that interest rates will be cut again to 1.5% before long,".

"After previously forecasting that underlying inflation would be 2.0% this year and around 2.5% next year, the RBA has concluded that it will stay at 1.5% in the second quarter and will stay below 2% all of next year.

Source: Investing.com