OANDA’s AUD to JPY chart allows you to track price movements for the Australian dollar to Japanese yen currency pair in real time. When analyzing this data, you can adjust the review period to an hour, a day, a week, or a month. Doing this could help you spot potential trends in this pair's price movement to inform your trades. However, it’s important to remember that this data does not guarantee or predict the future performance of the AUD/JPY rate. It should not be considered an AUD/JPY forecast.

The AUD/JPY currency pair reflects the economic ties between Australia and Japan. This currency pair is categorized as a minor (or cross) pair.

The AUD to JPY in forex is indicative of the exchange rate of the Australian dollar to the Japanese yen. The AUD is the base currency, and the JPY is the quote currency.

The AUD/JPY pair is a minor currency pair, but it offers high liquidity despite its minor currency status, and it has high volatility.

The best time to trade AUD/JPY is typically during the overlap between the Sydney and Tokyo sessions. This is between 8 pm and 2 am ET.

The maximum leverage for the AUD/JPY currency pair at OANDA is 20:1. Learn more about different currency pair leverage ratios.

Calculating the pip value for AUD/JPY differs from most pairs (like USD/CAD or EUR/USD) because it uses two decimal places instead of four, and the quote currency is the Japanese Yen.

1. The Core Difference

• Standard Pairs: 1 pip = $0.0001$
• JPY Pairs: 1 pip = $0.01$

2. The Formula

To find the pip value in the quote currency (JPY):

$$\text{Pip Value (JPY)} = \text{Lot Size} \times \text{Pip Amount (0.01)}$$

3. Converting to Your Account Currency

If your account is in USD, you must convert that JPY value using the current USD/JPY exchange rate:

$$\text{Pip Value (USD)} = \frac{\text{Lot Size} \times 0.01}{\text{USD/JPY Rate}}$$

Example Calculation

Trade Size: 1 Standard Lot (100,000 units)

USD/JPY Rate: 154.50

1. Calculate JPY Value: $100,000 \times 0.01 = 1,000\text{ JPY}$
2. Convert to USD: $1,000 \div 154.50 = \$6.47$

Key Takeaway: Unlike the fixed $10/pip seen on standard USD-quote pairs (like EUR/USD), the pip value for AUD/JPY fluctuates constantly as the USD/JPY exchange rate moves.

You can trade the AUD/JPY currency pair with a 20:1 leverage ratio. This means you only need 5% (1/20) of your total position when trading with OANDA. For example, if you have $100, leverage allows you to make a trade worth $2,000. However, you should also remember that leverage trading increases your risk due to greater exposure to currency price movements. Be cautious when using leverage to trade online.

Many factors can affect the exchange rate of a currency pair. Here is what to look for when doing fundamental analysis for AUD/JPY:

• Monetary policy: Decisions about monetary policy that are made by the Reserve Bank of Australia and the Bank of Japan (BoJ) can affect each country’s respective currency and foreign exchange rate.
• Economic health: The economic performance of both countries, including GDP, inflation, and unemployment rates, can shift the value of the Australian dollar and Japanese yen.
• Commodity prices: Australia’s economy is highly connected to commodity prices. Price changes on any of their major exports, such as iron ore, coal, and liquefied natural gas (LNG), can have a significant influence on the value of the Australian dollar.
• China’s economic performance: As Australia’s largest trading partner, China’s demand for Australian commodities means that Australia’s economy can be impacted by the economic performance of China.
• Global geopolitical events: Armed conflicts, pandemics, energy price shocks, and other global geopolitical events can have negative impacts on economies such as Australia’s, which are reliant on stable supply chains and global trade.

No, the AUD/JPY, despite being a minor currency pair, is highly liquid.

You can trade AUD/JPY and 67 more major and minor currency pairs with OANDA. When trading online with us, you can use our standard or Elite Trader account, each specifically designed to suit the needs of different types of online traders. We also offer a range of online trading platforms to suit your requirements, including OANDA Mobile, OANDA Web, and MetaTrader 4. Register for a trading account or a demo trading account to trade AUD/NZD and other forex pairs online with OANDA.