AUD to JPY Exchange Rate


Ahh, Japan: home of YKK, the world’s largest clothing zip manufacturer, and approximately 1500 earthquakes every year.

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What influences the AUD/JPY exchange rate?

To understand what affects the AUD/JPY exchange rate, it’s important to understand a bit about carry trades. Carry trades are used by professional forex traders to capitalise on the interest rate differential between two currencies and potentially profit from higher interest earnings. For example, traders may buy a currency with a high interest rate (in this case the AUD) and fund it by selling a currency with a low interest rate (in this case the JPY).

In the last few years, the AUD/JPY currency pair has been one of the most popular pairs for carry trades.1 That’s why one of the primary factors that may influence the AUD/JPY exchange rate is interest rates. 

Because the Australian dollar is considered a commodity currency, its value may be influenced by changes in demand for major commodity exports including iron ore, agricultural products and metals.

AUD/JPY Snapshot

“The Japan-Australia Economic Partnership Agreement (JAEPA) delivers substantial benefits for the Australian economy, making it easier to do business with Japan, our 2nd largest trading partner. The Agreement will strengthen and deepen trade between two of the Asia-Pacific's largest economies.”
--Australian Department of Foreign Affairs and Trade

  • Japan is the world’s 3rd largest economy just behind China and the United States. Australia sits ten spots lower at 13th
  • Japan accounts for approximately 18% of Australia’s total export market whereas Japan accounts for about 7% of Australia’s total imports.2
  • Japan’s birthrate is so low (1.4 births per woman) that the country sells more adult diapers than baby diapers.3 As of 2012, the number of pets was larger than the number of children.4

If you need to make a payment to Japan, use OFX so you don’t get stung by high bank margins and fees. Register today to get access to our low rates and personalised service.

Currency Name: Japanese Yen
Currency Code: JPY
Currency Symbol: ¥
Central Bank: Bank of Japan
Countries Used In: Japan
Major Unit: One Japanese Yen
Minor Unit: Sen (1/100 of a Yen)
Note Denominations: ¥1000, ¥2000, ¥5000, ¥10,000
Coin Denominations: ¥1, ¥5, ¥10, ¥50, ¥100, ¥500.

JPY to AUD exchange rate analysis. Check out our daily market analysis to learn the factors influencing the JPY to AUD exchange rate today.