Australian Dollar strengthens against Japanese Yen on hawkish RBA path
The AUD/JPY cross posts modest gains near 113.60 during the early European trading hours on Monday. The Australian Dollar (AUD) edges higher against the Japanese Yen (JPY) on a hawkish tone from the Reserve Bank of Australia (RBA).
The Australian Dollar is likely to continue strengthening against the Japanese Yen as market participants react to the hawkish stance of the RBA. Prices may move higher in the short term.
The AUD/JPY cross posts modest gains near 113.60 during the early European trading hours on Monday. The Australian Dollar (AUD) edges higher against the Japanese Yen (JPY) on a hawkish tone from the Reserve Bank of Australia (RBA).
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