AUD/JPY continues its decline, nearing 100.30 during the Asian trading hours on Friday.
AUD/JPY depreciates as a Reuters survey indicated 56% of economists anticipating a BoJ rate hike in December. Governor Kazuo Ueda indicated the possibility of further rate hikes, highlighting the Yen's impact on economic and price stability. The Australia n Dollar loses ground following the release of mixed domestic Judo Bank PMI data on Friday. This drop is likely due to a stronger Japan ese Yen , following insights from a Reuters survey on expectations for the Bank of Japan .
Recent data indicated that Japan’s National Consumer Price Index slowed to a nine-month low of 2.3% year-over-year in October. Similarly, the annual core CPI, which excludes fresh food, also dropped to 2.3%, a six-month low, slightly above the forecast of 2.2%. Additionally, the Jibun Bank Japan Services Purchasing Managers’ Index increased to 50.2 in November, up from 49.7 in October, which had marked the lowest level in four months. However, the Manufacturing PMI unexpectedly fell to 49.
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