AUD/JPY Price Forecast: Climbs ahead of RBA decision, floats around 93.50

  • The AUD/JPY rallied on Monday, gaining over 0.30% as traders brace for the Reserve Bank of Australia (RBA) monetary policy decision. Nevertheless, news that the People's Bank of China (PBoC) might reduce rates and improve risk appetite, as the central bank takes measures to propel China's economy.