The post AUD/JPY gains traction above 114.00 as RBA hike bets grow appeared on BitcoinEthereumNews.com.

The AUD/JPY cross trades in positive territory for the fifth consecutive day around 114.30 during the early European session on Friday. The Australian Dollar (AUD) strengthens against the Japanese Yen (JPY) on a hawkish stance of the Reserve Bank of Australia (RBA).  The Australian central bank has held the Official Cash Rate (OCR) at 4.10%. Financial markets are now pricing in nearly a 65% probability of another hike at the next policy meeting, which would lift the OCR to 4.35%, according to Reuters.  RBA Governor Andrew Hauser said on Monday that he was not confident that interest rates were at the right level to tame inflation, adding that interest rates would need to go to the level that brings inflation back to the target band of 2%-3% from its headline rate of 3.7% in February. Hawkish remarks from RBA policymakers provide some support to the Aussie.  Meanwhile, Bank of Japan (BoJ) Governor Kazuo Ueda said on Friday that a decision on how soon to raise interest rates must take into account the fact that the nation’s real interest rate is low. Ueda further stated that Japan is facing rising inflation from a “negative supply shock,” which is more difficult to rein in with monetary policy than inflation driven by strong demand.   Verbal intervention from Japanese authorities might underpin the JPY and cap the upside for the cross. Japan’s Finance Minister Satsuki Katayama said on Thursday that she’s held close discussions on foreign exchange issues with US Treasury Secretary Scott Bessent and that authorities are prepared for “bold” action if needed. She also told the G7 to closely watch forex moves. Japanese Yen FAQs The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by…

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Filed under: News - @ April 17, 2026 5:27 am