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AUD/JPY Bounces Back Above 110.50 Amid Hawkish RBA Outlook

Guavy AI Editorial Team
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EUR USD AUD
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The AUD/JPY cross is trading positively around 110.85 after breaking a four-day losing streak in early European session on Monday.

The Australian Dollar (AUD) is strengthening against the US Dollar (USD) due to increasingly sticky inflation, which supports a hawkish outlook for the Reserve Bank of Australia (RBA).

The RBA is expected to hike the Official Cash Rate (OCR) from 4.35% to 4.60% at its meeting on Tuesday, marking its highest level since 2011.

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