The AUD / JPY currency pair is a cross-currency pair, its dynamics are significantly influenced by commodity prices and the US dollar.
The currency pair, Australian dollar against the Japanese yen reacts sharply to political and economic events in the Asian region. This pair is actively traded in the Asian sesion, when Japanese and Australian banks are open. The graph presented on the page reflects the volatility of the AUD / JPY.
When predicting the value of quotations for a currency pair, it is worth paying attention to:
The AUD / JPY pair is built on the principle of direct quotation. The base currency is AUD, Australian dollar, and quoted - JPY, Japanese yen. The appreciation of the currency pair means the strengthening of the Australian dollar against the yen, that is, the purchase of one AUD requires more JPY. The depreciation causes the strengthening of the Japanese yen.
Australian dollar - (bank code: AUD) - the official currency of the Commonwealth of Australia, also has circulation on the islands of Christmas, Cocos Islands and Norfolk Island. In addition, the AUD has circulation in the states: Kiribati, Nauru and Tuvalu. The Reserve Bank of Australia (RBA) issues the Australian dollar, as well as the regulation of the Australian banking and monetary systems.
Japanese yen - (Japanese currency, currency symbol - ¥, bank code: JPY) is the currency of Japan, one of the world's main reserve currencies. Issuing house is central bank of Japan.
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