The Australian dollar hit 114.75 against the Japanese yen, a 35-year high, as RBA hawkishness and BoJ accommodation widen the policy gap.

The Australian dollar hit 114.75 against the Japanese yen, a 35-year high, as RBA hawkishness and BoJ accommodation widen the policy gap.

After experiencing a significant drop, the yen managed to stabilize, leaving traders skeptical about the success of the cooperative intervention from the U.S. and Japan. In…