This against the USD, the yen underperformed but I'm looking at the Australian dollar
Maybe it has an excuse for such a lacklustre showing:
- EUR got a specific boost: ECB sources: Policymakers shifting debate to steepness of rate path - report
- GBP got a specific boost: Brexit hopes send the GBPUSD higher
So, maybe I am being unfair comparing the AUD to EUR and GBP, which both surged. Still, take a look at the NZD, well outperforming the AUD also.
Dunno . But AUD still looks poorly IMO.