The Australian dollar fell today against the Japanese yen on the speculation that Japan’s central bank will refrain from curbing the yen’s gains and after Australia’s wages growth slowed. The Aussie also dropped versus the greenback.
The people, who claimed to be familiar with the plans of the Bank of Japan, said that the central bank has no intention to weaken the Japanese currency. The growth of the Australian Wage Price Index slowed from 0.9 percent in the first quarter of this year to 0.8 percent in the second quarter, while no change was expected.
AUD/USD traded 0.9024 today as of 10:07 GMT after opening at 0.9051 and falling to 0.8986. AUD/JPY traded at 76.98 after it opened at 77.40.
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