AUDJPY Holds Ground Near 94.00 Despite Hawkish BoJ
AUDJPY remains steady, trading near 94.00 after two consecutive sessions of losses. However, the currency cross encounters downside risks due to strong support for the Japanese Yen fueled by expectations of the Bank of Japan continuing to raise interest rates this year. Influential factors include recent inflation data and strong wage growth, which may propel further strength in the Yen. Currency pairs can be unpredictable; thus, staying updated on central bank announcements is crucial.