AUD/JPY seesaws near multi-day high below 92.00, focus on Ukraine, yields and China By anilpanchal7 AUDJPY RiskAppetite Ukraine YieldCurve Crosses
Mixed concerns over Ukraine-Russia peace ahead of this week’s talks test the bulls.
The cross-currency pair’s latest weakness could be linked to the market’s consolidation of early gains, as well as fears that the Bank of Japan will be pushed to control rates via market intervention. Also challenging the quote is the virus resurgence in China and the indecision over the Russia-Ukraine crisis.BOJ
Also contributing to the AUD/JPY pair’s weakness are the fears that the recent rise in the covid figures in China and Europe will spread faster due to the nature of the virus strain, namely BA.2.
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