AUD/JPY Price Forecast: Strengthens above 111.50, supported by bullish technicals and China data
AUD/JPY remains depressed above 112.50 as JPY recovers slightly on intervention fears
AUD/JPY Price Forecast: Weakens below 113.50 on safe-haven demand, but maintains bullish outlook
Aussie's broad-based strength continues today as markets further strengthened expectations that the RBA will deliver two consecutive rate hikes in the coming months. Investors are increasingly convinced that the RBA will raise the cash rate at the March 17 meeting and follow up with another increase in May, lifting the policy rate from the current 3.85% to 4.35%.
AUD/JPY rallies to fresh record high, above mid-113.00s on RBA rate hike bets and weak JPY
AUD/JPY Price Forecast: Gains traction above 100-day EMA with bullish RSI momentum
AUD/JPY Price Forecast: Gathers strength above 111.00 with bullish bias intact
AUD/JPY gains ground to near 111.00 as BoJ signals prolonged rate hold
AUD/JPY drops below 111.00 as Australia's Trade Surplus narrows
AUD/JPY drops to 110.00 as notable JPY strength offsets upbeat Australian Q4 GDP print
AUD/JPY rebounds from daily lows, eyes 111.70 for bullish breakout
Volatility remained elevated on Tuesday as a wave of Middle East headlines rattled global markets. Equity indices and precious metals both closed lower, while currency markets endured wide intraday swings.