## AUD/JPY Volatile at 98.50: Australian Inflation Data Drives Changes
The market is watching the movements of the AUD/JPY currency pair, which tested around 98.40 on Wednesday after bouncing back from internal trade wounds. Investors' attention is on Australia's new monthly consumer price data, which sent mixed signals to the market.
## Australian Inflation Data: Mixed Signals
Australia's monthly CPI index rose 2.3% in November year-over-year. This figure exceeded market expectations of 2.2% and showed a continued increase from 2.1% in the previous two months. This is the highest level seen s
View OriginalThe market is watching the movements of the AUD/JPY currency pair, which tested around 98.40 on Wednesday after bouncing back from internal trade wounds. Investors' attention is on Australia's new monthly consumer price data, which sent mixed signals to the market.
## Australian Inflation Data: Mixed Signals
Australia's monthly CPI index rose 2.3% in November year-over-year. This figure exceeded market expectations of 2.2% and showed a continued increase from 2.1% in the previous two months. This is the highest level seen s