The exchange rate of the Australian dollar to the Japanese yen on Forex
AUDJPY is a pair in which the Australian dollar is the base currency and the Japanese yen is the quoted currency.The pair's chart has average volatility and is characterized by stable trends.The average daily range is 80 to 150 points. AUDJPY trades with increased dynamics during the Asian session and in the operation time of the national banks of Australia and Japan.
The trading instrument is sensitive to the economic and political situation in these countries. AUDJPY quotes depend on many fundamental factors, including changes in interest rates in Japan and Australia, data on unemployment and consumer inflation figures. The difference between interest rates in both countries and a sharp changes in prices on commodity markets are the main influences on the growth or fall of AUDJPY quotations.
For a quality analysis and successful prediction of the pair's further movement, it is necessary to carefully study the economic situation in the issuing countries of the Australian dollar and the Japanese yen, and take into account thegraphic analysis data (the nearest levels of price extremes and channel boundaries) and signals of technical indicators.
The current cross-rate of the Australian dollar against the Japanese yen on Forex is presented in the real-time chart of AUD/JPY quotations below.
Risk warning: Trading in FX and CFDs entails high risk of losing capital.