The Bank of Japan hiked. The Reserve Bank of Australia paused. Neither decision surprised markets. Yet the reaction in AUD/JPY may be telling a more important story. The cross drifted lower after the BoJ raised rates by 25 basis points to 1.00%, the highest level since 1995, while the RBA kept rates unchanged at 4.35%. […]
The post AUD/JPY Weakens After BoJ Hike and RBA Hold, Risks Build Towards 112 and Below appeared first on ActionForex.
