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AUD/JPY targets breakout to highs for the year on RBA rate hike surprise

The aussie is the lead gainer in trading today, helped out by the RBA's surprise decision to raise the cash rate by 25 bps earlier here.That is seeing AUD/JPY get a decent lift, trading up by 0.7% to near 93.00 again with the high earlier briefly hitting 93.14 - its highest level since December last year.Since the turn of the year, the pair has been somewhat stuck in a bit of a consolidation mood. However, after April when new BOJ governor Ueda stepped in, the pair has been slowly gaining upside... Read More

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Posted: Jun 6 2023, 06:48

Author Name: forexlive

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