AUDJPY - Australian Dollar / Japanese Yen
Trading Conditions
* Only if Margin Level > 100%
The average spreads provided for each platform are updated on a daily basis to reflect the average for the previous day. Though FxPro attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
The AUD/JPY currency combination is not widely traded but has a significant number of followers. The performance of the pair depends on the unpredictable correlation of two of the world’s most important economies: Japan and Australia. Although it can be influenced by a wide range of different factors, that’s not to say it can’t make a fantastic addition to the experienced trader’s portfolio.
AUD/JPY will be of interest to traders who prefer the variability and acceptable price range. Since the pair is included in the carry-trade it is very sensitive and depends on changes in the interest rates of Japan and Australia.
Note that investors are closely monitoring Unemployment rates in both countries. The most effective method of monitoring is the ratio between the number of unemployed people and the value of the natural demographic increase (month to month) .
One of the best technical indicators to determine daily and the weekly trend is slow Stochastics, as well as support and resistance levels.
If you are interested in trading the AUD/JPY currency pair, contact FxPro today and open account in several minutes.