How to trade
AUD/JPY

The forex market is filled with diverse currency pairs, each offering its own unique set of challenges. As traders seek to understand how to trade AUDJPY, they are greeted with a blend of Eastern and Western economic dynamics.

How to trade AUDJPY?

Trading the AUDJPY pairing brings together two significant economies: Australia’s commodity-rich landscape and Japan’s technological prowess. Newcomers to these markets who want to learn how to trade AUDJPY can start with the SimpleFX trading platform. It offers a demo account feature, thanks to which traders can safely immerse themselves in the market without risking real capital.

After switching to a live account, they can experience trading without minimum deposit and trade commissions. Moreover, the SimpleFX platform gives access to tools enabling conducting technical and fundamental analysis.

What is the best time to trade AUDJPY?

Timing is a crucial determinant of success when trading AUDJPY. Being conscious of the operational hours of both the Australian and Japanese markets is pivotal.

However, there is a noticeable time window of enhanced liquidity when the London Stock Exchange and the New York Stock Exchange overlap. Excluding rare exceptions, this period stands between 1 PM and 5 PM GMT. Navigating this window, traders may experience increased market activity, but they must always stay alert to the volatility inherent in peak times.

Is the AUDJPY price going up or down?

A diverse array of factors causes the movement of AUDJPY. Australia’s export data, commodity prices, and Japan’s industrial outputs and technological advancements are crucial in the pair’s movement. On top of this, central bank decisions from both nations, as well as global geopolitical shifts, can significantly fluctuate the AUDJPY price.

The unpredictability of the market means even well-researched decisions carry inherent risks, which always drives investors to stay updated.

Investors can check the current AUDJPY price on the chart above or the SimpleFX Webtrader platform.

Is AUDJPY a popular currency pair?

Within the forex landscape, AUDJPY stays as a compelling minor currency pair. It might not dominate the limelight like the majors, but its dynamics, driven by the connection between Australia’s mineral wealth and Japan’s technological innovations, are attractive to many investors. Trading such pairs brings diversification to a portfolio and allows traders to tap into lesser-known market nuances.