// COMPARE

Aussie rallied to 0.7242, within 0.5% of its 52-week high. Commodities strength and Asian tech optimism lifted the risk-sensitive currency.

China stimulus expectations plus surging commodity prices create a perfect storm for AUD. Iron ore above $140 adds fundamental support.

RBA minutes Tuesday 03:30 TRT. Any hint of hawkish tilt at the next meeting could push AUD through the 52-week high at 0.7277.

Dollar-yen crept higher to 157.03 despite broad dollar weakness — yen underperformed as risk appetite sent capital out of safe havens.

BoJ's July rate hike expectations are fading after soft Tokyo CPI. The carry trade is back on, capping yen strength even as DXY weakens.

Japan GDP Wednesday 02:50 TRT. Contraction would kill remaining BoJ hike bets and open 158+ quickly.