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
79.862
Sell
79.881
1.9

-0.14800 (-0.19%)

High: 80.072
Low: 79.838

Product Details

Trading Hours: 24 hours

Minimum Size: 1,000 Notional or 0.01 Lot


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