AUD/JPY maintains a steady position at 110.20 as traders look to BoJ Governor Ueda for clarity on Japan's monetary policy outlook.
AUD/JPY trades above 110.00 ahead of BoJ Governor Ueda's speech, with a persistent bearish technical bias.
The AUD/JPY pair trades near 110.20 during Tuesday's early European session as investors position ahead of Bank of Japan Governor Kazuo Ueda's upcoming remarks. Market participants are closely monitoring the speech for potential signals regarding the central bank's future interest rate trajectory.
The speech is expected to provide critical clues regarding the Bank of Japan's interest rate outlook, which directly influences the yen's strength against the Australian dollar.