AUD/JPY Gains as China Trade Surplus Beats Expectations
The AUD/JPY cross edged up to around 112.90 during Asian hours after China's trade balance came in larger than forecast, lending support to the Australian dollar. Traders remain watchful for possible Japanese intervention.
AUDJPY
The AUD/JPY cross rose modestly to near 112.90 during Tuesday’s Asian session. The move follows a stronger-than-expected Chinese trade surplus, which supports the Australia dollar as a proxy for China’s economic health.
Despite the uptick, market participants stay alert for potential foreign-exchange intervention from Japanese authorities, which could cap further yen weakness.
Source: FXStreet Forex News