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AUDJPY edges towards the 2024 high

AUD
  • Although the USD, EUR and GBP have seen some fading against the Yen earlier, after they spiked through highs during the Early European session, Desks will be keeping close eye on the AUDJPY.
  • AUDJPY prints a fresh high, and targets the 2024 peak of 104.943, which was also the highest level since 2013, before the MOF intervened.
  • The Aussie is making broader highs against the EUR, USD and NZD.

Chart source: MNI/Bloomberg.

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