AUD/JPY Surges Above 91.00 Fueled by Economic Data
The AUD/JPY currency pair rises above the 91.00 mark after a series of gains in the previous sessions, now trading around 91.30 during the Asian hours on Wednesday. This increase is primarily supported by a stronger Australian Dollar (AUD) following favorable inflation data from Australia and mixed Purchasing Managers’ Index (PMI) data from China. Investors should keep an eye on upcoming economic releases which may influence the currency pair further. As the situation develops, understanding the economic backdrop is essential for making informed trading decisions.