AUD/JPY
FOREX CrossAustralian Dollar vs Japanese Yen - Live price, chart, news and analysis. A key risk sentiment barometer.
Performance
2026-07-20 12:00 UTCAUD/JPY Chart
A descriptive read of AUD/JPY across timeframes — trend, momentum and key levels. Educational market analysis, not a buy or sell recommendation. How to read charts →
Economic Calendar
Next 7 days · medium & high impact for AUD, JPY
| Date / Time (UTC) | Currency | Impact | Event | Forecast | Previous |
|---|---|---|---|---|---|
2026-07-23 01:30 UTC | π¦πΊ AUD | Employment Change Australia | 15.2K | 40.3K | |
2026-07-23 01:30 UTC | π¦πΊ AUD | Unemployment Rate Australia | 4.4% | 4.4% |
Contract Specifications
About AUD/JPY
About AUD/JPY
AUD/JPY is widely regarded as the purest risk sentiment barometer in the global forex market. It pairs the Australian Dollar, a commodity-linked risk-on currency deeply tied to Chinese demand and global growth, with the Japanese Yen, the world’s preeminent safe-haven currency. This combination means AUD/JPY effectively measures the market’s collective appetite for risk in a single exchange rate. The pair has a strong historical correlation with global equity indices, particularly the S&P 500 and the Nikkei 225, making it a useful cross-market signal. AUD/JPY has also been a perennial favorite for carry trades, as Australia has typically maintained significantly higher interest rates than Japan.
What Moves AUD/JPY?
Global Risk Appetite
Risk sentiment is the overarching driver of AUD/JPY. During periods of optimism with rising equity markets, tightening credit spreads, and expanding economic activity, AUD/JPY tends to rally as traders enter carry positions and risk-on flows support AUD while weakening JPY. During crises or sharp equity selloffs, the pair can decline rapidly, often moving in lockstep with the S&P 500 or VIX readings.
Commodity Prices and China
Iron ore, coal, and other commodity prices influence AUD strength, while Chinese economic data affects both the AUD (through trade flows) and broader risk sentiment. Chinese GDP, PMI data, property market developments, and government stimulus measures are key catalysts. A strong Chinese economy supports AUD/JPY from both the commodity and risk sentiment angles simultaneously.
RBA vs BoJ Policy Divergence
The interest rate differential between the Reserve Bank of Australia and the Bank of Japan underpins carry trade flows. When the spread widens in favor of Australia, it attracts yield-seeking capital into AUD/JPY. Changes in either central bank’s outlook, particularly hawkish surprises from the RBA or any tightening signals from the BoJ, can produce significant pair moves.
Global Equity Market Performance
AUD/JPY’s correlation with equity markets means that Wall Street earnings seasons, central bank decisions globally, and major geopolitical events that move stock indices also move this pair. Traders often use AUD/JPY as a hedge or complement to equity positions.
Trading AUD/JPY
AUD/JPY offers typical spreads of 1.5 to 3.0 pips with solid liquidity during Asian and European sessions. The pair is most active during the overlap between the Tokyo and Sydney sessions (00:00-06:00 UTC) and again during the London session. AUD/JPY tends to trend strongly during shifts in global risk regimes, making it excellent for trend-following strategies. Daily ranges of 80-120 pips are common, and moves can accelerate sharply during risk events. Pip values are approximately $6.67 per standard lot. The pair’s strong equity correlation makes it valuable for traders who combine forex and equity analysis in their approach.