The Japanese Yen and Australian Dollar have been impacted by recent news regarding the US election outcomes and the Reserve Bank of Australia (RBA).
Following the US election results, the Japanese Yen saw a rise in value as uncertainty surrounding the outcome decreased. Investors turned to the safe-haven currency, causing it to strengthen against other major currencies including the Australian Dollar.
On the other hand, the Australian Dollar faced pressure as the RBA announced its decision to cut interest rates in response to economic challenges. This move by the central bank led to a decrease in the value of the Australian Dollar against its major counterparts, including the Japanese Yen.
Overall, the US election outcomes and the RBA’s actions have played a significant role in shaping the recent performance of the Japanese Yen and Australian Dollar in the foreign exchange market. Investors will continue to monitor these developments closely for potential impact on currency movements.