AUD/JPY extends its losses for the second successive session, trading around 100.50 during the early European hours on Wednesday.
AUD/JPY loses ground after the release of lower-than-expected Australia 's third-quarter inflation data. The monthly Australia n CPI rose by 2.1% YoY in September, against the expected 2.3% and previous 2.7% readings. The Japan ese Yen may struggle due to increased uncertainty surrounding the BoJ rate-hike intentions, following LDP coalition loss.
The Bank of Japan’s interest rate decision, scheduled for Thursday, remains a focal point, with nearly 86% of economists surveyed by Reuters anticipating that the central bank will hold rates steady at its October meeting. Interest rates FAQs What are interest rates? Interest rates are charged by financial institutions on loans to borrowers and are paid as interest to savers and depositors.
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