Forex
AUD/JPY Stabilizes Near 112.75 Amid Weak Australian Jobs Data
The AUD/JPY currency pair has stabilized around the 112.75 area after an initial dip following weak Australian jobs figures.
Australia's July Unemployment Rate rose to 4.5%, while employment fell by 15.8K, leading markets to scale back expectations for near-term RBA tightening.
The Japanese Yen remains under pressure due to a ¥634.5 billion July trade deficit and concerns over Japan's fiscal outlook and wide rate differentials.