The Australian dollar bounced on Thursday as gains against a weaker yen gave it a lift, while a sell-off in bond futures pushed the local yield curve to its flattest level in five months. The Aussie climbed against a weaker yen to 76.91 yen, from 75.87 seen here late Wednesday, as talk of Japanese fund outflows supported the local dollar.
That helped to nudge the Aussie up against the US dollar to $0.7989, from Wednesday's $0.7951. Higher stock markets across Asia boosted the Aussie as well. But charts show the Aussie is still trading in the middle of its range of $0.78-$0.8240 that has lasted for nearly four weeks.