Yen Rally Accelerates on Strong Japan Data, AUD/JPY and NZD/JPY Break Down for Different Reasons

TL;DR: Strong Japanese GDP and wage data have pushed a September BoJ hike to near-certainty, and while AUD/JPY and NZD/JPY are both falling on Yen strength, the underlying stories differ — Australia’s hawkish RBA narrative is meeting domest
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