Trade AUDJPY with spreads from 16 pips with an FCA regulated broker

AUDJPY (AUDJPY^)

Pairing – The amount of Japanese Yen (JPY) that one can buy for every Australian dollar (AUS).

Position

AUD – World’s fifth most traded currency

JPY - World’s third most traded currency

Important factors

  • Popularity – The governments less than hands-on approach to Forex markets, as well as the country’s high interest rates mean that this is a popular currency amongst traders. This is also aided by the country’s stable economic situation.
  • Carry trade – the Carry trade is a trading strategy in which traders buy low-yielding currencies and invest in those with a substantially higher-yield. With Australia having high interest rates, and those in japan being kept low by the national bank, this pairing is a good choice for the Carry trade. However, times of global crisis, as in 2008, can change this, as the value of the yen may rise substantially.
  • Commodities – Commodities can have a huge impact on the price of the Australian dollar, more so with most other currencies, the price of gold is especially important when trading in AUD.
Buy
74.243
Sell
74.273
3

(0.00%)

High:
Low:

Product Details

Trading Hours: 24 hours

Minimum Size: 1,000 Notional or 0.01 Lot


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