Aussie Dollar Near 35-Year High Vs Yen But Rally Could Lose Steam -- Market Talk

Dow Jones
Mar 12

1336 GMT - The Australian dollar trades near an 35-year high against the Japanese yen as oil prices remain elevated due to the Iran war, Rabobank's Jane Foley says in a note. Australia is a net energy exporter and the country's central bank is expected to raise interest rates further. Japan is an energy importer. However, the high volatility, risk-averse environment could curb demand for carry trades, discouraging investors from borrowing in the low-yielding yen to buy the higher-yielding Australian dollar, Foley says. "Japan still has a healthy current account surplus, and this suggest scope for sharp pullbacks in times of elevated market uncertainty." The Australian dollar falls 0.1% to 113.29 yen but stays near the overnight high of 113.68 yen. (renae.dyer@wsj.com)

 

(END) Dow Jones Newswires

March 12, 2026 09:36 ET (13:36 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10