Just noticed AUD/JPY hitting levels we haven't seen in 36 years—currently sitting around 113.50 and the momentum feels pretty strong. The Australian dollar has been climbing over 3.5% since early April, which is more than just noise in the markets. What's interesting is that this isn't random. The Reserve Bank of Australia tightened things up in March, pushing the cash rate up by 25 basis points to 4.10%, and they made it clear inflation is still the main concern. So you've got the AUD getting stronger partly because of this hawkish RBA stance, which is making it attractive against the yen. When central banks signal they're serious about fighting inflation, money tends to flow in that direction. The yen has been under pressure for different reasons, so the gap between AUD and JPY just keeps widening. Worth keeping an eye on—this kind of move usually doesn't happen in isolation.