AUD/JPY extends its gains for the third consecutive day, trading near 101.60 during European hours on Wednesday.
AUD/JPY continues to rise amid Japan 's political instability, which casts uncertainty over the Bank of Japan 's policy direction. Recent polls show that Japan 's Liberal Democratic Party-led coalitionmay lose its majority in Parliament. The Australia n Dollar gained ground due to the rising hawkish mood surrounding the RBA.
He pointed out that the labor participation rate is notably high and clarified that while the RBA relies on data for its decisions, it is not overly fixated on it. Interest rates FAQs What are interest rates? Interest rates are charged by financial institutions on loans to borrowers and are paid as interest to savers and depositors. They are influenced by base lending rates, which are set by central banks in response to changes in the economy.
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