AUD/JPY experiences volatility but remains subdued for the third successive day, trading around 100.50 during the early European hours on Monday.
AUD/JPY could gain ground due to potential foreign inflows amid an improved Australia n share market. The AUD finds support from the RBA’s hawkish stance on future interest rate policies. The Japan ese Yen could face challenges amid uncertainty surrounding the BoJ rate hikes. However, this downside of the AUD/JPY cross could be restrained as the Australia n Dollar may appreciate due to potential foreign inflows amid a rally in the domestic share market.
Traders are now turning their attention to Tokyo's upcoming inflation and employment data, expected later this week. 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. They are influenced by base lending rates, which are set by central banks in response to changes in the economy.
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