AUD/JPY gains on growing expectations for a more hawkish RBA
AUD/JPY continues its winning streak after the stronger Australian CPI was released on Wednesday. Australia’s 10-year government bond yield has surged to 4.49% near five-month highs on waning expectations of the RBA rate cuts. The Japanese Yen continues to depreciate as the BoJ is expected to abstain from implementing rate hikes on Friday.