AUDJPY

For AUD/JPY to break above 94.00 and hit fresh year-to-date highs, yields may have to regain some of their recent upside bias, alongside a continuation of the current more risk-friendly flows in equities and commodities. Domestic Australian fundamentals could also be a catalyst for upside; the March labour market report is out during Thursday’s Asia Pacific session and, if sufficiently strong, could further boost conviction that the RBA will begin hiking by the end of H2 2022.