Forex
AUD/JPY Slips Under Pressure as RBA Rate Hike Takes Hold
The Australian Dollar (AUD) continues to face downward pressure against the Japanese Yen (JPY), trading at ¥109.89 after a modest intraday decline.
The pair remains positioned below its key moving averages, reflecting sustained bearish momentum.
The Reserve Bank of Australia's recent 25 basis point rate hike to 4.6% has enhanced the Australian Dollar's yield advantage over the Yen, making it more appealing to investors and structurally supporting AUD/JPY valuations.