AUD/JPY Drops Below 100.50: Is the BoJ Rate Hike Likely?
AUD/JPY is witnessing continued declines, recently trading near 100.30 during Asian hours. Market shifts are likely tied to speculations surrounding a potential Bank of Japan rate hike next month, invigorated by recent insights from a Reuters survey. This information creates uncertainty and prompts traders to reassess their positions. As the market digests this potential scenario, all eyes are on how AUD/JPY will adapt and respond to these changes. Can it recover or will the downward pressure continue?
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