AUD JPY Price Forecast Recovers After Brief Drop Unfazed By Market Signals
The AUD JPY pair faced a downturn during the Asian session on Wednesday, reaching its lowest level since September 18. A disappointing Australian GDP reading increased speculations for an early interest rate cut by the Reserve Bank of Australia. Meanwhile, forecasts suggesting that the Bank of Japan plans to apply another interest rate hike in December contribute to the Japanese Yen’s strength, further pressing the currency pair. Investors should remain alert as these factors may influence market movements for AUD JPY in the near future.
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