AUD/JPY: the Australian dollar against the Japanese yen

• AUD
• JPY

What AUD/JPY is

AUD/JPY (often written AUDJPY, and called "aussie yen") is the price of one Australian dollar in Japanese yen. The Australian dollar is the base currency and the yen is the quote currency. The pair contains no US dollar, so it is called a cross. See Majors, minors, exotics for how pairs are grouped.

When the quote rises, the Australian dollar has strengthened against the yen. When it falls, the yen has strengthened.

How to read the quote

Every quote has two prices:

• Bid: the price at which you can sell the base currency.
• Ask: the price at which you can buy the base currency.
• Spread: the gap between ask and bid. It is a cost you pay when you open a trade.

Yen pairs are shown with fewer decimal places than pairs such as EUR/USD. This means a pip on AUD/JPY sits at a different decimal place. Check the number of digits in the symbol specification in your platform.

Pip size and pip value

A pip is the standard unit of price change for a pair. Pip value is how much money one pip is worth for a given position size.

On AUD/JPY the pip value is first calculated in yen, the quote currency. To see the value in your account currency, it is converted at the current rate. If your account is in USD or PKR, the pip value in your currency changes as the yen's exchange rate changes, even if your lot size stays the same.

Use the calculator below to see pip value for any lot size, in yen and in your account currency.

A lot is the trade size. One standard lot is a fixed amount of the base currency, shown as contract size in the platform. At Exness the smallest size is 0.01 lot. On the Standard Cent account, 1 cent lot = 1,000 USD = 0.01 standard lot.

Margin and leverage

Margin is the money your account sets aside to keep a position open. Leverage sets how large a position that margin can control. Higher leverage means less margin per trade, but the same price move still produces the same profit or loss in money terms.

Points to know at Exness:

• Unlimited leverage is listed for these instruments: Forex majors and minors, DXY, USDCNH, HKDJPY, USDHKD, USDTHB; all commodities except XAUUSD247; BTCUSD, BTCUSDT, ETHUSD, ETHBTC. It applies only on real accounts: equity below 5,000 USD and at least 10 closed orders totalling 5 lots or more across real accounts. Check how AUD/JPY is classed and which leverage applies in the platform.
• Leverage on forex during higher margin requirement periods is 1:200 (0.5%). This applies to orders opened from 15 minutes before to 90 seconds after high-impact news.
• The lowest leverage setting is 1:2.

Leveraged trading can lose money fast. A small move against a large position can use up your margin within minutes. See Risk management.

What tends to move the Australian dollar

• RBA policy. Interest rate decisions and guidance from the Reserve Bank of Australia affect how much holding the Australian dollar yields.
• Demand from China. China is a major buyer of Australian exports. Data on Chinese industry and trade often affects the currency.
• Iron ore and metals. Australia exports large amounts of commodities, so changes in their prices tend to show up in the Australian dollar.
• Global risk appetite. The Australian dollar tends to strengthen when markets are calm and to weaken when investors move away from risk.

What tends to move the Japanese yen

• BoJ policy. Bank of Japan rate decisions and its approach to the yield curve (how it influences longer-term bond yields) are central to the yen.
• The US–Japan yield gap. A wider gap between US and Japanese yields has tended to weigh on the yen. A narrower gap has tended to support it.
• Safe-haven demand. In periods of stress, money often moves into the yen.
• Intervention risk. Japan's Ministry of Finance can step in to buy or sell yen. This can cause sharp, sudden moves.

These forces combine in AUD/JPY. The pair is often treated as a gauge of risk sentiment because it sets a currency linked to growth and commodities against a safe-haven currency. That link is not fixed and can break. For more on reading these drivers, see Fundamental analysis and Pair correlations.

Liquidity by session and spread behaviour

• Asian session (Sydney and Tokyo). Both of the pair's home markets are open, so activity is often meaningful here.
• London and New York. Liquidity across forex is generally deep, and AUD/JPY reacts to global news and US data.
• Late New York to early Asia. Liquidity is thinner and spreads usually widen, especially around the daily rollover.

Spreads also widen around major data releases, central bank decisions and sudden risk-off moves. At Exness, the maximum lot size depends on the time of day: 200 lots (7:00–20:59 GMT+0), 60 lots (21:00–6:59 GMT+0).

AUD/JPY often has a wider spread than the major pairs, and gaps can occur at the weekly open. An "AUDJPY analysis" should count spread and gap risk as part of the cost, not only the direction of the price.

Exness conditions that apply

The table shows account-level conditions. It is not a per-instrument specification for AUD/JPY.

The quoted spread is the lowest level, not the typical one. 0% stop out not supported in some countries; may vary. If a stop out would leave a negative balance, the balance reset to 0 after stop out.

For the pair's contract size, digits, swap rates and trading hours, check the specification in the platform. They can change.

Swaps are overnight financing charges or credits. Exness lists Pakistan among the countries where clients receive swap-free status automatically. Swap-free status depends on trading activity and can be lost. See Swap fees and Islamic finance.

Legal context in Pakistan

Per the SBP, remitting foreign exchange to overseas forex/margin/CFD platforms is not allowed through any payment channel (FERA s.5(1)). Also, per the SBP, the purchase of offshore forex/margin/CFD products by Pakistani residents violates section 4(1) of FERA 1947. Per the SECP, offshore platforms have no Pakistani licence or oversight and offer no legal protection or recourse. Read Law and regulators before you decide anything.

Frequent questions

Why is AUD/JPY called "aussie yen"?

"Aussie" is the market nickname for the Australian dollar. The pair prices it in yen.

Is AUD/JPY a major pair?

No. It has no US dollar, so it is a cross. See Currency pairs.

Why does pip value change if my lot size stays the same?

Pip value is calculated in yen first. It then changes in your account currency as the yen's exchange rate moves.

Where can I check the AUD/JPY specification at Exness?

In the symbol specification in MetaTrader or the Exness terminal. See Platforms and apps.

Can I practise on this pair without real money?

Yes. A demo account lets you see quotes, spreads and margin without risking funds. See Demo account.