AUD/JPY Remains Steady Around 98.00 as Traders Await Central Bank Minutes
AUD/JPY hovers around the 98.00 mark, showing resilience against recent losses. Traders are keenly awaiting the release of meeting minutes from both the Reserve Bank of Australia and Japan’s central bank. The Australian Dollar faces headwinds amid speculation that the RBA might cut its cash rate as early as February due to signs of economic slowdown. Market participants watch this pair closely to gauge any potential shifts in momentum that may arise from upcoming central bank communications.
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