AUD/JPY rebounds toward 96.00 near five-month highs

  • AUD/JPY rises after registering mild losses in the previous session, trading around 95.90 during the European hours on Thursday. The currency cross appreciates as the Australian Dollar (AUD) continues gaining support against its peers after the Reserve Bank of Australia (RBA) surprisingly decided to maintain the Official Cash Rate (OCR) at 3.85% earlier this week, against a highly expected 25 basis point cut.