# Australian dollar resumes climb on yen as bond yields spike - Markets - Business Recorder

> The Australian dollar rose to 93.23 yen and near $0.7171 on 2 June 2022 as Australian 10-year bond yields jumped to 3.48%. Markets priced in RBA hikes of 25 to 40 basis points at the coming meeting.

- Date: 2022-06-02 · published 2022-06-02T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/41209-australian-dollar-resumes-climb-on-yen-as-bond-yields-spike-markets-business
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Rising yields and expected RBA tightening support the Aussie and lift the cost of capital across Australian agriculture, while the yen weakness keeps Japanese feed buyers' costs elevated.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40177309

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