Neutral
AUD/JPY steady near 110.00 as BoJ rate hike expectations rise.
AUD/JPY remains stable around 110.10 amid growing expectations that the Bank of Japan (BoJ) will raise its policy interest rate to 1.25% on Thursday, the highest level in about 31 years. This anticipated rate hike is strengthening the Japanese Yen against the Australian Dollar.
Key points
- AUD/JPY trades flat near 110.10 in early European session.
- BoJ expected to raise policy interest rate to 1.25% on Thursday.
- Negative outlook for AUD/JPY persists below 100-day SMA; temporary recovery possible amid oversold RSI.
Sources
AI-generated from public news sources. Not financial advice.
