AUD/JPY Struggles Below 96.00 Amidst BoJ Rate Hike Expectations
The AUD/JPY pair has lost ground for the second successive day, currently trading around 95.80 during European trading hours this Thursday. Analysts attribute this decline to growing expectations of the Bank of Japan (BoJ) increasing interest rates further. Although pressure is present, the market remains watchful of economic indicators that could influence the AUD/JPY’s performance. As traders navigate these developments, understanding interest rate adjustments will be crucial for evaluating future price behaviors in this currency cross.