# Aussie dollar edges up as RBA reaffirms more hikes ahead, yen struggles - Markets - Business Recorder

> The Australian dollar rose slightly to about $0.6968 after RBA Governor Lowe signalled further tightening ahead. The yen stayed near a 24-year low of about 135 per dollar after the Bank of Japan reaffirmed ultra-easy policy. Lower iron ore prices weighed on the Aussie.

- Date: 2022-06-21 · published 2022-06-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/41205-aussie-dollar-edges-up-as-rba-reaffirms-more-hikes-ahead-yen-struggles-markets
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker yen and firmer dollar raise the local-currency cost of imported feed and make US exports more expensive for buyers in Japan, while lower iron ore reflects softer commodity sentiment.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40181447

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.