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fxJun 16, 2026, 3:46 AM

AUD/JPY Softens as BoJ Hikes Rate to Highest Since 1995

The Australian Dollar weakened against the Japanese Yen after the Bank of Japan raised interest rates to their highest level since 1995, pushing the AUD/JPY cross to around 113.20 during Asian trading on Tuesday.

AUDJPY

The AUD/JPY cross edged lower to around 113.20 during Tuesday's Asian session. The Japanese Yen strengthened against the Australian Dollar following the Bank of Japan's decision to hike its benchmark interest rate to the highest level since 1995.

This move marks a significant tightening by the BoJ, putting pressure on the AUD as the interest rate differential shifts. The yen's gain reflects market positioning in response to the central bank's action.

Source: FXStreet Forex News