Globitair

AUD/JPY Price Forecast: Holds gains above 110.50, but bearish outlook persists below 100-day SMA

FXStreetAustralia

AUD/JPY Price Forecast: Holds gains above 110.50, but bearish outlook persists below 100-day SMA

The AUD/JPY cross trades in positive territory around 110.75 during the early European trading hours on Tuesday. Hawkish tone from the Reserve Bank of Australia (RBA) provides some support to the Australian Dollar (AUD) against the Japanese Yen (JPY).

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