Will AUD/JPY rally with a hike?

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Last month, AUD/JPY almost put in a 1% 1hr upward candle off the back of the rate hike announced by the RBA. This month it's also a mixed bag, with the market being split on a pause or hike. Either way, I don't believe anything is priced in with such a mix of views in the market so I expect some volatility again around this event.

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