It is a combination of Australian dollar and Japanese yen. It is a very major currency pair and many traders around the world trade in this currency pair. The Australian dollar tends to be very sensitive to China. It is influenced by the Chinese economy and politics because it has strong trade and economic ties. However, the Japanese yen is very stable and as stable as the USD / JPY. It is a currency pair that can be widely recommended from beginners to advanced players.
Recommended for beginners to advanced users. Since extreme price movements are unlikely to occur, it is unlikely that all funds will disappear with one shot. Trends tend to be easier to come out than USD / JPY. However, if you want to take a large price range, we recommend the combination of euro and pound.
Recommended trading time
The Japanese yen moves in Asian time. Similar to the Australian dollar, but European time also fluctuates relatively well. Therefore, it moves widely from Asian time to European time, so it is recommended for 24 hours.
Economic indicators to watch out for
As an economic indicator, the economic indicators on the Japanese side are at a level where you do not have to worry too much. Even if it moves, is it about the Bank of Japan’s policy interest rate, GDP, and unemployment rate?
You don’t have to worry too much about Australian indicators, but you should keep the policy rate, GDP and unemployment low. This area tends to move the market price significantly. In the case of Australia, it is very strongly influenced by China’s economy and politics. We also need to understand the situation in China.
When Japanese Yen is bought
Japan is also said to be a country whose nationality cannot change. Since it is such a country, it often fluctuates for external reasons rather than the influence of economic indicators. The timing of yen buying is very advanced when the world situation becomes unstable such as infectious diseases, financial shocks, and wars.
When the Australian dollar moves
The Australian dollar also responds to New Zealand and Chinese indicators. Let’s grasp the situation not only in Australia but also in these two countries. It is a factor that cannot be ignored because it is so relevant.