AUD/JPY

AUD/JPY is the currency pair encompassing the Australian dollar of the Commonwealth of Australia (symbol $, code AUD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one Australian dollar. For example, when the AUD/JPY is trading at 85.00, it means 1 Australian dollar is equivalent to 85 Japanese yen. The Australian Dollar (AUD) is the world’s fifth most traded currency, whilst the Japanese yen (JPY) is the world’s third most traded currency, resulting in a rather liquid pair. Whilst the spreads of currency pairs vary from broker to broker, generally speaking the AUD/JPY often stays within the 1 pip to 3 pip spread range. Important news announcements for this pair include the Westpac Leading Index for Australia. This tracks the growth of a combined index that considers nine barometers of economic activity, and the Jobless Rate for Japan, which measures the percentage of unemployed in the country.Additionally, both countries are highly developed free markets, with a significant amount of their economies relying on exports.How to Trade the AUD/JPYThe AUD/JPY isn’t the most volatile of pairs, with daily ranging typically between 50 and 150 pips. It’s also highly positively correlated with other pairs such as the NZD/JPY.Despite the fact that the AUD/JPY is a combination of some of the developed world’s biggest economies, this pair is not exceedingly popular amongst traders.The AUD/JPY is widely used as a carry trade pair. Those that do trade the AUD/JPY however, are very fervent in praising its potential as a viable trading currency cross.This is thanks to its adherence to a plethora of technicals, primarily support and resistance, Fibonacci, pivots and trendlines.
AUD/JPY is the currency pair encompassing the Australian dollar of the Commonwealth of Australia (symbol $, code AUD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one Australian dollar. For example, when the AUD/JPY is trading at 85.00, it means 1 Australian dollar is equivalent to 85 Japanese yen. The Australian Dollar (AUD) is the world’s fifth most traded currency, whilst the Japanese yen (JPY) is the world’s third most traded currency, resulting in a rather liquid pair. Whilst the spreads of currency pairs vary from broker to broker, generally speaking the AUD/JPY often stays within the 1 pip to 3 pip spread range. Important news announcements for this pair include the Westpac Leading Index for Australia. This tracks the growth of a combined index that considers nine barometers of economic activity, and the Jobless Rate for Japan, which measures the percentage of unemployed in the country.Additionally, both countries are highly developed free markets, with a significant amount of their economies relying on exports.How to Trade the AUD/JPYThe AUD/JPY isn’t the most volatile of pairs, with daily ranging typically between 50 and 150 pips. It’s also highly positively correlated with other pairs such as the NZD/JPY.Despite the fact that the AUD/JPY is a combination of some of the developed world’s biggest economies, this pair is not exceedingly popular amongst traders.The AUD/JPY is widely used as a carry trade pair. Those that do trade the AUD/JPY however, are very fervent in praising its potential as a viable trading currency cross.This is thanks to its adherence to a plethora of technicals, primarily support and resistance, Fibonacci, pivots and trendlines.

AUD/JPY is the currency pair encompassing the Australian dollar of the Commonwealth of Australia (symbol $, code AUD), and the Japanese yen of Japan (symbol ¥, code JPY).

The pair’s rate indicates how many Japanese yen are needed in order to purchase one Australian dollar. For example, when the AUD/JPY is trading at 85.00, it means 1 Australian dollar is equivalent to 85 Japanese yen.

The Australian Dollar (AUD) is the world’s fifth most traded currency, whilst the Japanese yen (JPY) is the world’s third most traded currency, resulting in a rather liquid pair.

Whilst the spreads of currency pairs vary from broker to broker, generally speaking the AUD/JPY often stays within the 1 pip to 3 pip spread range.

Important news announcements for this pair include the Westpac Leading Index for Australia.

This tracks the growth of a combined index that considers nine barometers of economic activity, and the Jobless Rate for Japan, which measures the percentage of unemployed in the country.

Additionally, both countries are highly developed free markets, with a significant amount of their economies relying on exports.

How to Trade the AUD/JPY

The AUD/JPY isn’t the most volatile of pairs, with daily ranging typically between 50 and 150 pips. It’s also highly positively correlated with other pairs such as the NZD/JPY.

Despite the fact that the AUD/JPY is a combination of some of the developed world’s biggest economies, this pair is not exceedingly popular amongst traders.

The AUD/JPY is widely used as a carry trade pair. Those that do trade the AUD/JPY however, are very fervent in praising its potential as a viable trading currency cross.

This is thanks to its adherence to a plethora of technicals, primarily support and resistance, Fibonacci, pivots and trendlines.

Technical Analysis

AUDJPY is the biggest mover today (to the downside). What are the charts saying?

AUDJPY

AUDJPY is the biggest mover today (to the downside). What are the charts saying?

  • AUDJPY reversing some of the recent gains
Greg Michalowski
Greg Michalowski
Monday, 25/04/2022 | 16:50 GMT-0
25/04/2022 | 16:50 GMT-0
Technical Analysis

AUDJPY rotates back to the 100 hour MA

AUDJPY

AUDJPY rotates back to the 100 hour MA

  • 100 hour MA at 94.476
Greg Michalowski
Greg Michalowski
Thursday, 21/04/2022 | 19:04 GMT-0
21/04/2022 | 19:04 GMT-0
Technical Analysis

AUDJPY the biggest mover today as it breaks out

AUDJPY

AUDJPY the biggest mover today as it breaks out

  • The AUDJPY trades the highest level since June 2015
Greg Michalowski
Greg Michalowski
Tuesday, 19/04/2022 | 15:44 GMT-0
19/04/2022 | 15:44 GMT-0
Technical Analysis

AUDJPY settles between 100 and 200 hour MAs

AUDJPY

AUDJPY settles between 100 and 200 hour MAs

  • Awaits the next shove outside the range
Greg Michalowski
Greg Michalowski
Thursday, 07/04/2022 | 19:49 GMT-0
07/04/2022 | 19:49 GMT-0