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AUD/JPY. Price Analysis. Forecast. The AUD/JPY Pair Falls Amid Concerns Over Interventions
The AUD/JPY exchange rate has been
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The AUD/JPY exchange rate has been declining from the 109.00 level observed in July 2024, which was reached again on Friday.The Japanese yen sharply strengthened against all currencies following the Japanese Ministry of Finance's statement about the need to "consider a review of interest rates," which seemingly signals the government's preparation for possible currency intervention. The yen's appreciation triggered profit-taking after the cross rose about 375 pips over the past week.The sharp yen strengthening is primarily news-driven and linked to
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Irina Yanina,
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