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AUD/JPY REMAINS UNDER PRESSURE BELOW MID-90.00S DESPITE POSITIVE CHINESE DATA

Tina Collins

Tina Collins

— 1 min read
AUD/JPY REMAINS UNDER PRESSURE BELOW MID-90.00S DESPITE POSITIVE CHINESE DATA
AUD/JPY REMAINS UNDER PRESSURE BELOW MID-90.00S DESPITE POSITIVE CHINESE DATA

AUD/JPY REMAINS UNDER PRESSURE BELOW MID-90.00S DESPITE POSITIVE CHINESE DATA

The AUD/JPY currency pair declined during the Asian session on Wednesday, moving away from a one-week high of around 91.40 reached the previous day.

Spot prices maintained a negative bias below the mid-90.00s, showing limited movement in response to mostly upbeat Chinese macroeconomic releases.

China's economy expanded by 5.4% year-on-year in the first quarter of 2025, surpassing analysts' expectations of 5.1%. This growth was supported by government stimulus measures aimed at boosting consumption and industrial output.

While China's GDP growth exceeded expectations, other economic indicators presented a mixed picture.

Retail sales and industrial production showed moderate growth, indicating that the economic recovery remains uneven.

Despite the positive Chinese economic data, the AUD/JPY pair remained under pressure.

The Australian Dollar, often considered a proxy for Chinese economic health, did not experience significant gains, suggesting that other factors were influencing the currency pair.

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