AUD/JPY Retreats Below 92.00 on RBA Rate Cut Speculation
The AUD/JPY currency pair pauses its upward trajectory, currently trading around 91.80 in early European trading hours. After a three-day winning streak, the Australian Dollar faces renewed pressure. Increased speculation around a potential 25 basis point interest rate cut by the Reserve Bank of Australia dampens sentiment. As traders weigh the impact of monetary policy on currency pairs, focus shifts to upcoming RBA meetings. What will this mean for the AUD/JPY relationship?