Chart - Courtesy Trading View
AUD/JPY was trading 0.72% higher on the day at 92.38 at around 12:30 GMT.
The pair has slipped lower from session highs at 92.93, finds stiff resistance at 200H MA and hourly cloud.
The Reserve Bank of Australia’s (RBA) higher-than-expected rate lift on Tuesday boosted the Aussie across the board.
The RBA surprised markets with a 25 (bps) increase in the benchmark rate to 0.35%, crossing the 15 basis points (bps) forecasts.
The central bank noted that Australian economy has proven to be resilient, and inflation has increased faster and to a higher degree than predicted.
AUD/JPY bulls need a successful break above 200H MA and 20-DMA to see further upside. Scope then for re-test of yearly high at 95.74.
