Business & Finance
Aussie-Yen Is Set to Approach Three-Decade High, Analysts Say
Key Points
Currencies Aussie-Yen Is Set to Approach Three-Decade High, Analysts Say The Australian dollar is poised to climb back toward a 35-year high against the yen as the impact of Tokyo’s currency intervention fades and the Reserve Bank of Australia’s hawkish stance bolsters the exchange rate, according to strategists. The currency pair is already recovering after dropping more than 4% toward the 109 level following Japanese currency intervention. It closed around 111.52 last week.
Currencies
Aussie-Yen Is Set to Approach Three-Decade High, Analysts Say
The Australian dollar is poised to climb back toward a 35-year high against the yen as the impact of Tokyo’s currency intervention fades and the Reserve Bank of Australia’s hawkish stance bolsters the exchange rate, according to strategists.
The currency pair is already recovering after dropping more than 4% toward the 109 level following Japanese currency intervention. It closed around 111.52 last week.