AUD/USD peaked at 0.6871 but failed to sustain gains

With inflation exceeding its 2% target for well over a year, many market players expect the Bank of Japan to raise rates next year with some betting on the chance of action as early as in January. BOJ Governor Kazuo Ueda, however, said he was in no rush to unwind ultra-loose monetary policy as the risk of inflation running well above 2% and accelerating was small, public broadcaster NHK reported on Wednesday.