DelayedDaily reference rate (limited by the older currency observation). Last updated 2026-09-18 00:00:00 UTC. How rates are calculated.
AUD/JPY — The Risk-Sentiment Cross
AUD/JPY is a classic risk-barometer cross. The Australian dollar is a commodity and growth-linked currency — it tends to rise when global risk appetite improves and commodity demand is strong. The Japanese yen is the archetypal safe-haven. Put them together and you get a pair that moves sharply on global sentiment shifts.
China is the dominant variable. Because Australia exports heavily to China (iron ore, coal, LNG), Chinese PMI, industrial production, and property-sector health are all read-through drivers of AUD, and by extension AUD/JPY.
Japanese retail FX traders actively trade AUD/JPY for the carry interest: the Reserve Bank of Australia has historically held rates higher than the Bank of Japan, making long AUD/JPY attractive in stable environments.
Rates here are indicative mid-market from aggregated market data and public reference rates. Not for settlement.
Frequently asked questions
Why does AUD/JPY drop so sharply during risk-off events?
Both legs move against each other simultaneously: AUD falls as commodity demand expectations drop, and JPY rises as investors buy safe-haven assets. The combined effect amplifies the decline beyond what either currency would produce alone.
What role does China play in AUD/JPY?
China absorbs about 40% of Australia's merchandise exports. Weak Chinese demand directly reduces AUD, which lowers AUD/JPY. Improving Chinese economic data tends to lift the pair.
What is the typical AUD/JPY carry trade setup?
A trader borrows yen at near-zero rates and buys AUD-denominated assets offering higher yields, then converts back to yen to repay. The profit is the interest-rate differential, but adverse AUD/JPY moves can quickly erase carry gains.
How do RBA meetings affect AUD/JPY?
Reserve Bank of Australia rate decisions and statement tone move AUD directly. Hawkish surprises push AUD/JPY higher; dovish signals pull it lower. The BoJ's simultaneous policy direction can amplify or offset these moves.
Is the pair sensitive to iron ore prices?
Yes. Iron ore is Australia's largest single export commodity. Rising iron ore prices generally support AUD and push AUD/JPY higher; falling prices add downward pressure.
When is the best time to trade AUD/JPY for liquidity?
The Tokyo-Sydney overlap (around 00:00–02:00 GMT) offers good liquidity. The London open sees a secondary surge as European traders take views on Asian risk sentiment expressed through this pair.
Does the exchangerate.dev free tier include AUD/JPY?
Yes. AUD and JPY are both in the live-updating currency set and are available on all tiers including the free plan. The free tier returns the same live source field and market_session as paid tiers.