AUD/JPY price chart, background, and sentiment |
Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
AUD/JPY is a minor currency pair that is commonly traded in the forex market. The AUD/JPY price represents the exchange rate between the Australian dollar (AUD) and the Japanese yen (JPY), and the currency pair serves as a key reference point for gauging the relative strength of Australia and Japan’s economies. Traders and investors analyse the AUD/JPY exchange rate to make informed decisions in the forex market, which is characterised by its high liquidity and moderate volatility.
Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
Australia is a major exporter of energy resources (iron ore, coal, natural gas) and agricultural products, and the Australian dollar is often considered a commodity currency as its price is heavily influenced by global demand for commodities. Historically, AUD has been considered a risk-sensitive currency that has tended to perform well in low-risk environments. JPY, on the other hand, is often considered a safe haven currency due to Japan’s financial stability. In high risk environments, investors may potentially seek assets denominated in JPY and avoid assets denominated in AUD.
The AUD/JPY exchange rate is influenced by factors including interest rate differentials, economic data releases, geopolitical events, and central bank policies. It is also influenced by risk sentiment and global demand for commodities.
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