AUDJPY Currency pair Flag

Latest AUD JPY Analysis and Forecasts

AUDJPY Is Looking Bullish – Elliott wave analysis

AUDJPY is trading bullish, up from March of 2020. We specifically see a completed five-wave cycle in wave A) at the 78.44 level, which was then followed by a probable completed corrective wave B), at the 73.12 level. Price did almost reach the area of a former wave 4, which can in many cases become support. That said, our first evidence that a wave B) is completed and more upside awaits can be an impulsive rise from the 73.12 level, and a break above the upper corrective channel line, connected from the highs.

In case we only get a three-wave move from the 73.12 level, and later a new sharp decline towards the 72.5 zone, then this would suggest corrective wave B) to still be underway, and bulls to be temporarily on hold.

AUDJPY, daily

audjpy chart

On the 4h chart of AUDJPY we have a better look at the impulsive structure from the 73.11 level. We see a completed five-wave recovery in wave 1, and a possibly completed wave 2 at the 75.38 level. Latest price recovery can now be part of a higher degree wave 3, which is also an impulse, therefore five legs within it are expected.


audjpy 4h

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AUD JPY Currency Converter

Other major currency pairs

BUY - rate is expected to increase, i.e. the first currency gains value against the second currency.
SELL - rate is expected to go down, i.e. the first currency is expected to lose value against the second currency.

AUD/JPY – Live and Historical Rates

The Australian Dollar and the Japanese Yen are two major currencies which do not actually form a major pair, or a commodity pair for that matter, despite the fact that the AUD is indeed a commodity currency. The chart above shows the AUD/JPY rate, which refers to the number of JPY needed to purchase an AUD.


Powered by Australia’s commodity-based economy, the AUD is the world’s 6th most traded national currency, accounting for about 3% of the global FX turn over. Introduced in 1966, the AUD spent its infancy pegged to the British Pound. The arrangement was a reflection of the past colonial relationship between the two countries. The AUD didn’t become a floating currency till 1983. Australia’s (and thus the AUD’s) exposure to the Asian markets makes the currency an excellent choice for forex traders looking for diversification.


The Japanese Yen is the world’s third most-traded currency, behind the USD and the EUR. As such, the JPY has obviously always been popular with forex speculators. The currency has been used for carry-trading massively, at one point to the extent of $1 trillion. Interest-rate drops have since altered this profitable trade-setup. Up Until 1973, the JPY had a fixed exchange rate with the US dollar, as required by the Bretton-Woods system. Since then, it has been a free-floating currency.

The JPY is propped up by the world’s third largest economy nominal GDP-wise, and 4th largest by PPP (Purchasing Power Parity). Japan’s domestic resources include gold, silver and magnesium, but it continues to depend on foreign countries (among them Australia) for a number of key commodities.

AUDJPY Analysis

The JPY’s exposure to the AUD is based on commodities. The two countries are close trade-partners, and Japan is heavily dependent on Australian imports of heavy metals and energy. The JPY is also closely influenced by the USD. The AUD/JPY pair has sometimes presented good carry opportunities.

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