AUD/JPY gains ground near 104.65 in Friday’s Asian session, up 0.47% on the day. The BoJ decided to maintain the key interest rate at 0% on Friday, as expected by the market. The RBA is anticipated to keep interest rates unchanged at its June meeting next week. The AUD/JPY crossgathers strength around 104.65 during the Asian trading hours on Friday. The cross edges higher after the Bank of Japan announced its policy decision.
The BoJ policy board member ToyoakiNakamuradissented to a decision on JGB purchases, saying the central bank should decide to reduce it after reassessing developments in economic activity and prices in the July 2024 outlook report. On the Aussie front, the expectation that the RBA will maintain current interest rates in June provides some support to the Australian Dollar .
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