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November 11, 2024

AUD/JPY moves above 101.00 due to BoJ uncertainty regarding interest rate hikes

AUD/JPY retraces its recent losses from the previous session, trading around 101.20 during early European hours on Monday. The upside of the AUD/JPY cross is attributed to lower Japanese Yen (JPY) following the release of the Bank of Japan’s (BoJ) Summary of Opinions.

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