Chart - Courtesy Trading View
AUD/JPY was trading 0.97% higher on the day at 89.25 at around 09:00 GMT.
The pair is extending bullish streak for the eight consecutive session, hits fresh high since Sept 2017.
RBA’s Lowe has mentioned that the policymakers are keeping an eye on the labor market for signs of rising costs.
Lowe highlighted the Fed-RBA policy divergence and noted that the RBA won't respond until there is evidence of pervasive price pressures.
On the other side, the Japanese yen remains sold-off after the Bank of Japan (BOJ) kept interest rates unchanged at -0.1%.
Also, the risk barometer continued its five-day winning streak on Tuesday aiding the broader sell-off in the haven Japanese yen.
Investors will focus on Tokyo’s Consumer Price Index (CPI) numbers from the Statistics Bureau of Japan, due on Thursday for further impetus.
AUD/JPY trades with a strong bullish bias. The pair is on track to break above 2017 high at 90.30.
