AUD/JPY Breaks Above 110.00 as China GDP Beats Expectations

Key Facts

The AUD/JPY pair reclaimed the 110.00 psychological resistance level following better-than-expected China GDP data. FXStreet reported that the Australian Dollar strengthened against the Japanese Yen, crossing the threshold driven by positive economic growth figures from China, Australia's largest trading partner.

China's annual Gross Domestic Product grew by 4.5% on October 19, 2026, exceeding the 4.4% forecast. Additional data released the same day showed industrial production rising by 5.5% and the unemployment rate falling to 5.2%, providing a counter-narrative to recent soft Australian labor data and supporting the Australian Dollar.

The People's Bank of China is scheduled to announce its 1-year and 5-year Loan Prime Rates on October 20, 2026. Forecasts suggest rates will remain steady at 3% and 3.5% respectively, which may further influence price action for China-linked currency pairs.