The AUD/JPY pair revisits the yearly high around 101.60 during the late Asian trading session on Thursday. The pair strengthens as the Australian Dollar (AUD) outperforms its peers, following the release of the Australian labour market data for October, published earlier in the day.
The AUD/JPY cross extends its downside to around 97.65 during the Asian trading hours on Thursday. The Australian Dollar (AUD) weakens against the Japanese Yen (JPY) after the release of the Australian employment report for August.
The AUD/JPY cross loses ground to near 97.45 during the early European session on Thursday. The upbeat Japanese economic data, including the Reuters Tankan poll and revised Gross Domestic Product (GDP), keep the door open for an imminent Bank of Japan (BoJ) interest rate hike by the year-end.