The AUD/JPY pair continues to edge lower for the second consecutive session, trading near 100.20 during European trading hours on Monday.
AUD/JPY remains tepid due to a potential for forex intervention by the Japan ese authorities. The Japan ese Yen faced challenges due to uncertainty surrounding the BoJ policy outlook. The Australia n Dollar may appreciate as a solid labor report hasreduced the odds of RBA’s rate cuts this year. The Japan ese Yen may have gained some support from the possibility of currency intervention by Japan ese authorities.
Hauser noted that the labor participation rate is remarkably high and emphasized that while the RBA is data-dependent, it is not data-obsessed. 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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