AUD/JPY retraces its recent gains from the previous session, trading around 100.70 during the early European hours on Tuesday.
AUD/JPY depreciates as Japan 's Finance Minister Katsunobu Kato cautions to take appropriate action to manage fluctuations in the FX market. The JPY may face challenges due to uncertainty around the BoJ rate hike plans. The AUD struggles as the Trump administration may impose immediate tariffs of 60% on imports from China. This dip comes as the Japan ese Yen gains support following new verbal interventions from Japan ese officials.
Bullock emphasized the need for restrictive monetary policy in light of persistent inflationary pressures and a strong labor market. 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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