AUD/JPY falls below 93.00, downside seems limited as Japan considers debt issuance changes

  • AUD/JPY halts its three-day winning streak, trading around 92.90 during the European hours on Wednesday. The currency cross depreciates as the Japanese Yen (JPY) gains ground, possibly driven by the expectations that the Bank of Japan (BoJ) will continue raising interest rates amid the broadening inflation in Japan.