AUD/JPY Holds Steady Around 97.00 Despite Hawkish BoJ Outlook
The AUD/JPY pair remains stable, trading around the 97.00 mark, following gains over the past three sessions. The Australian Dollar (AUD) shows strength against its peers, driven by rising Consumer Inflation Expectations, which increased to 4.6% in February, up from January’s 4.0%. This backdrop creates a dynamic environment for AUD/JPY as traders contemplate future movements. Observing economic data and central bank responses will be crucial for anticipating shifts in this exchange rate.