AUD/JPY Breaks Above 110.00 Following China GDP Beat and Hawkish RBA

Key Facts

1The AUD/JPY cross rose for a second consecutive day, breaking above 110.00 and recovering from an eight-month low.

2The Australian Dollar was supported by better-than-expected China GDP data and a hawkish stance from the Reserve Bank of Australia.

The AUD/JPY cross rose for a second consecutive day, breaking above the 110.00 level and recovering from an eight-month low. FXStreet reported that the Australian Dollar was supported by better-than-expected China GDP data and a hawkish stance from the Reserve Bank of Australia (RBA).

Data released on October 19, 2026, showed China's Gross Domestic Product grew by 4.5% year-on-year, beating the 4.4% forecast. Industrial Production in China grew by 5.5% and Retail Sales rose by 1.1% on the same date, boosting sentiment for the AUD. In Australia, the unemployment rate held at 4.7% as of October 15, 2026, while NAB Business Confidence was reported at -13 on October 13, 2026.

Traders are looking ahead to the release of China's Loan Prime Rates on October 20, 2026, with the 1-year rate forecast to remain at 3%. Additionally, RBA official Hauser is scheduled to deliver a speech on October 20, 2026, which may provide further clarity on the central bank's hawkish outlook.