With a surprise decline in headlines AU unemployment rate pleasing the Australia Dollar (AUD) buyers, AUD/JPY surges to 73.73 by the press time of early Thursday.
Australia’s September month employment report registered lower than expected 15.0K to 14.7K level of Employment Change while the Participation Rate also dwindled to 66.1% from 66.2% prior and expected.
In a reaction to the data, the AUD/JPY surges more than 30 pips as traders consider it as a sign that avoids further rate cuts from the RBA.