AUD/JPY Stabilizes at 98.00: Is Upside Growth Ahead
The AUD/JPY pair maintains a stable position after recording losses in the previous session. It trades around 98.00 during the early hours of Friday in Europe. The potential for appreciation in the AUD/JPY cross could arise as the Japanese Yen faces depreciation due to the ongoing uncertainty surrounding the timing of interest rate hikes by the Bank of Japan. Investors are closely monitoring the situation, and if the momentum continues, we may observe a favorable trend for the AUD.
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