AUD to JPY – Japanese Yen to Australian Dollars
When converting Australian dollars to Japanese Yen (AUD to JPY), or JPY to AUD, by exchanging via Direct FX, you will save a significant amount of money. Our wholesale currency exchange rates for money transfers are significantly more competitive than bank foreign exchange rates. Being Australasian based, we specialise in knowing what drives AUD/JPY currency conversion rates.
AUD to JPY Overview: Since the middle of last century, Australia and Japan have had a constantly growing economic and cultural relationship. As Australia’s trade focus on the other Commonwealth countries dwindled during the 1950’s and 60’s, it turned its ties to Asia, and Japan in particular. By the mid 1960’s Japan was the largest export destination for Australian products and that strong relationship remains in place right through until current times. By the nature of the Australian dollar being a barometer for global growth, and the YEN being a safe haven currency in uncertain times, the pairs moves are accentuated in uncertain times. Since the global financial crisis (GFC) in 2008, the pair has spent most of the time bounding within the 72.00 – 88.00 range, which is some 18% wide.
|Historical Ranges:||1 year||5 years||10 years|
|AUD/YEN||75.95 – 89.13||72.37 – 105.41||55.08 – 107.82|
Current Official Cash Rates:
Reserve Bank of Australia (RBA): 1.00% Bank of Japan (BOJ): -0.10%
With risk improving Monday the Australian Dollar (AUD) improved off the weekly close of 72.70 back to 73.00 against the Japanese Yen (JPY). News from the Chinese Ministry of Commerce suggesting they had downplayed the significance of cancelling the US farm visits took equity markets and risk flows higher. Bank of Japan’s Kuroda speaks today just prior to RBA’s Lowe. Lowe is coming under increased pressure by analysis to cut rates lower than the current 1.0% amid the weakest expansion period in a decade, his comments will be closely monitored. Unfortunately for JPY buyers we still favour price to fall back to August lows around 70.60 with ongoing global uncertainty dominating downside momentum.
Current Level: 72.92
Last Weeks Range: 72.62-74.28
The Australian Dollar (AUD) couldn’t continue its run higher from last week’s high of 74.50 dropping lower to 73.20 against the Japanese Yen (JPY). Australian jobs data released up on expectations with an additional 22,000 people added to the workforce but it was the unemployment rate rising to 5.3% from 5.2% which pulled the Aussie lower into Friday. A daily close below 73.00 could signal a further significant pullback to retest the prior low of 69.95 in August. Next week is a quiet week on the calendar so risk sentiment shifts will dominate any price moves.
The current interbank midrate is: AUDJPY 73.16
The interbank range this week has been: AUDJPY 73.12- 74.28
The Australian Dollar (AUD) retreated off the close of 74.40 Monday to dive to 73.80 against the Japanese Yen (JPY) before recovering earlier losses to trade back at 74.25 into Tuesday. The AUD looks to regain the edge heading into the crucial bank of Japan cash rate and policy announcement Thursday. First is Aussie employment data which is expected to be print well for August continuing July’s buoyant result. A retest of 74.70 and a break above this area would support further upside for the AUD confirmed by the 100 day moving average.
Current Level: 74.16
Last Weeks Range: 73.41-74.49
The Australian Dollar (AUD) extended last week’s gains again out performing the Japanese Yen (JPY) to reach 74.45. NAB Business confidence showed a slight deterioration in August with Westpac consumer sentiment also printing down on expectations with pressures continuing on family finances and concerns around near term economic outlook. Both results had no real effect on price with risk sentiment benefiting the AUD. As we suggested earlier a retest of 74.00 was on the cards if risk allowed, the next resistance in the cross is 76.00. Next week’s attention will fall on Australian employment and the Bank of Japan monetary statement.
The current interbank midrate is: AUDJPY 74.31
The interbank range this week has been: AUDJPY 73.02- 74.48
Safe haven flow remained low into Tuesday following on from last week’s push higher in risk related products. The Australian Dollar (AUD) rallied to 73.60 against the Japanese Yen (JPY) posting a six week high. Japanese data Monday wasn’t overly supportive for Yen buyers with figures showing worse than predicted results in Bank Lending and Current Account figures. No tier one Aussie data is to publish over the remainder of the week suggesting AUD may creep higher towards a retest of 74.00 if risk sentiment allows.
Current Level: 73.69
Last Weeks Range: 71.09-73.75
This week’s Aussie data has driven price in the AUDJPY cross to 72.80 from its open of 71.50. Risk momentum has also benefited the Australian Dollar (AUD) with events in Hong Kong easing with the Hong Kong Anti Extradition bill withdrawn. The RBA left rates unchanged at 1.0% saying the outlook for the global economy remains reasonable but remain to the downside. Quarterly GGP and Trade Balance both printed meeting expectations. Buyers of JPY will welcome the recent halt to the AUD slide off the recent 69.85. The pair will meet resistance around the 73.00 mark.
The current interbank midrate is: AUDJPY 72.89
The interbank range this week has been: AUDJPY 71.09- 73.14
This week is dominated by Australian data with six significant releases on the calendar which could shift around price from the current 71.30 level against the Japanese Yen (JPY). 76.00 poses a reasonable resistance point in the cross but if data allows we could see the Aussie push higher back towards this level certainly that’s what I expect. The RBA will announce their cash rate today along with their monetary policy at 4.30 NZT with no change expected from 1.0% for now. Quarterly GDP and Trade Balance follow with Lowe making comment recently that he expects second quarter GDP to print soft around 0.5%. Looming US/China trade worries could offset any good data, a retest of last week’s 69.95 level would not surprise.
Current Level: 71.20
Last Weeks Range: 71.12-72.06
With market mood improving Tuesday buyers re-entered the Australian Dollar (AUD) back to 72.00 levels against the Japanese Yen (JPY) where it hovered for most of the week with a short trip back to 71.10. Data out in Australia has been poor with Construction figures followed by CAPEX results deteriorating. Construction in Australia has worsened with a contraction over the second quarter falling by 3.8%. Building Approvals release today and may reflect further building activity declines. Expect the AUDJPY to fall lower with general economic outlook supporting a risk averse tone.
The current interbank midrate is: AUDJPY 71.40
The interbank range this week has been: AUDJPY 69.94- 72.06
After falling out of bed on the weekly open and diving below 70.00 for the first time in many years the Australian Dollar (AUD) recovered from 69.95 back to 71.80 Tuesday against the Japanese Yen (JPY). Global fears took a turn late Friday with the US President escalating the trade war further by increasing tariffs on Chinese products after China imposed fresh tariffs on the US. The cross was the biggest mover on the day as stocks also moved sharply higher up 1% as risk flows improved. Top side looks well capped aro2und 72.40 this week.
Current Level: 71.72
Last Weeks Range: 71.01-72.41
Better than expected Australian employment numbers gave the Aussie momentum Friday against the Japanese Yen (JPY) closing around the 72.10 area. Tuesday sees price unmoved as markets await today’s RBA minutes. Japan’s Tanken Manufacturing index was the worst since 2013 yesterday staling any JPY momentum. All eyes are focused on today’s RBA minutes to gauge further direction.
Current Level: 72.50
Last Weeks Range: 71.02-72.92
The Australian Dollar (AUD) started the week out retesting last week’s multi year low of 70.75 against the Japanese Yen (JPY) but rebounded Wednesday after Australian Wage data surprised to the upside with a 0.6% lift in price inflation boosting the Aussie to 72.90. Equity markets closed flat after losing over 3% earlier in the week and risk averse conditions eased. The Aussie still has a ton of work to do to escape the depths of drifting below pivotal support at 70.00 especially if the risk tone continues into September. Next week’s data also reflects a quiet week so offshore factors will play a part.
Current Level: 71.21
Last Weeks Range: 70.75-72.71
Further losses were halted last week for the Australian Dollar (AUD) as price cleared 72.30 mid week and looked like it might push back to 74.00 but this never eventuated. With risk sentiment deteriorating price turned back in favour of the safe haven Japanese Yen (JPY) reversing lower to 71.10 Tuesday following its cue from sharply lower overnight US equity prices. Australian employment data prints later in the week the only highlight on the docket. It’s hard to not see the Aussie break below 70.00 this week.
Current Level: 71.21
Last Weeks Range: 70.75-72.71
The Australian Dollar (AUD) has stemmed further losses against the Japanese Yen (JPY) as the general risk off tone seem to lift. This cleared the way for economic related price moves to 72.60 after the RBA announced no change to the cash rate and back to 70.70 after the RBNZ dropped rates to 1.0% where the Aussie strangely reacted in sympathy. The RBA kept the benchmark cash rate at 1.0% in line with the global outlook remaining questionable and inflation expectations low. An easing bias still remains for the RBA with expectations of further cuts expected based on a “if needed” scenario. The AUDJPY is still trading in no man land with the real possibility we may see price under 70.00 soon if global growth fears continue.
The current interbank midrate is: AUDJPY 72.18
The interbank range this week has been: AUDJPY 70.73- 72.68
The Australian Dollar (AUD) has left the building. Gone for all money, entered the abyss with no return in sight. Monday has seen price drift further lower to 71.70 surpassing the June 2016 level support of 72.70 to a multiyear low. Markets turned risk averse again Friday after Trump raised the bar on tariffs to China introducing a further 10% on 300B worth of products starting 1 September. Today we have the RBA announcement with no change expected to the 1.0%. With a bad “risk” smell in the air comments from Lowe will be carefully scrutinised as to easing policy later in the year. For now expect further AUD weakness as investors buy up JPY.
Current Level: 72.05
Last Weeks Range: 71.24-75.19
The Australian Dollar (AUD), Japanese Yen (JPY) is trading at 73.00 after the cross extended another leg lower Friday. Overnight risk sentiment also took a hit with Trump announcing he would instigate fresh tariffs of 10% on a further $300B worth of Chinese products from September 1st. This shook markets as investors reached back into the JPY safe haven. Earlier in the week the Bank of Japan committed to keeping rates extremely low for some time saying they would take additional measures if the circumstances warranted it. We expect further downside action to develop, price may struggle to hold above the June 2016 low of 72.40
The current interbank midrate is: AUDJPY 73.08
The interbank range this week has been: AUDJPY 72.89- 74.88
We have little movement in the Japanese Yen (JPY), Australian Dollar (AUD) pair this week as markets await the BoJ- Bank of Japan Monetary Policy Statement which prints today. Price hovers around 75.00 while the BoJ should keep rates unchanged at super low levels. Yesterday’s Japanese Retail Sales published at 0.5% up from the 0.2% markets were expecting giving the Yen an early boost with price initially travelling to 74.85. We expect further downside action this week but price should hold the key level of 74.00
Last Weeks Range: 74.90-76.06
The Australian Dollar (AUD) has struggled to push higher this week through 76.15 resistance against the Japanese Yen (JPY) with price sticking to its range bound action fourth week running. Early Friday we have seen a bounce higher off heavy support at 75.25 to 75.50 suggesting price could be setting up to push higher. Buyers may need to wait longer for a retest of 77.50 but the next couple of days likely to highlight broader picture direction. Next week’s Bank of Japan (BoJ) rate announcement and monetary statement will be the focus with a decent chunk of analysts expecting the BoJ to announce possible further interest rate cuts in sync with a global U-turn in central bank policy.
The current interbank midrate is: AUDJPY 75.44
The interbank range this week has been: AUDJPY 75.24- 76.15
The Australian dollar has tried to push higher against the Japanese Yen this week, but it’s ultimately failed a couple of times at resistance around the 76.15 area. Any break above that level would open the way for a test of 77.50, which is something we do eventually favor, but the repeated topside failures may well encourage sellers to re-enter the market and test downside support, currently seen around 75.00. From Australia this week we only have a speech from RBA Gov Lowe to digest, and the Japanese economic calendar is also looking pretty light. With that in mind, the biggest driver may well end up being swings in broader market risk sentiment.
Last Weeks Range: 75.45-76.15
Australian dollar (AUD) gains have driven this pair back towards some key resistance levels against the Japanese Yen, around 76.15 . That area has capped the pair for much of the past two months, but it looks like it will be tested again soon. A sustained move above there would open the way for a broader rally initially targeting 77.50, and then potentially even 79.50. Look for today’s RBA minutes to influence the pair as well as Thursday’s release of Australia employment data.
Last Weeks Range: 75.18-76.02
There has been little overall direction for this pair over the past week. Price action has ranged between 75.12 and 75.92 and that looks set to continue as the market waits for something to provide some much needed direction.
Last Weeks Range: 75.12-75.92