AUD/JPY trades at 110.90 as market participants weigh Australian dollar strength against the prospect of further interest rate hikes from the Bank of Japan.
AUD/JPY trades above 110.50 but upside is capped by hawkish Bank of Japan hike bets.
The AUD/JPY pair trades in positive territory near 110.90 during Wednesday's early European session. Despite the current upward momentum, potential gains remain constrained by ongoing speculation regarding a hawkish shift in Bank of Japan policy.
The pair is supported by positive momentum in early European trading, though gains are limited by expectations of hawkish monetary policy from the Bank of Japan.