AUD/JPY drops to near 97.50 as traders expect BoJ to adopt hawkish stance

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AUD/JPY drops to near 97.50 as traders expect BoJ to adopt hawkish stance
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AUD/JPY halts its three-day winning streak, trading around 97.50 during the European hours on Monday.

AUD/JPY edges lower following the hawkish speech by the BoJ Governor Ueda in Parliament. The BoJ could raise interest rates further if its economic projections are accurate. The downside of the Aussie Dollar may be limited due to the hawkish RBA. The Japan ese Yen gained ground against the Australia n Dollar as Bank of Japan Governor Kazuo Ueda delivered a hawkish speech in Parliament on Friday.

36% -0.13% 0.19% 0.42% 0.51% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD /USD .

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