Australian Dollar / Japanese Yen (AUD/JPY) Breakdown
The AUD/JPY currency pair represents the exchange rate between the Australian dollar (A$) and the Japanese yen (¥). This pair is popular among traders due to its potential for carry trade opportunities, stemming from historically higher interest rates in Australia compared to Japan. AUD/JPY is also sensitive to global risk sentiment and commodity price fluctuations, making it a barometer for market appetite toward risk assets.