AU: 1800 993 100 – NZ: 0800 560 006  
info@directfx.com.au

AUD to JPY – Japanese Yen to Australian Dollars

When converting Australian dollars to Japanese Yen (AUD to JPY), or JPY to AUD, by exchanging via Direct FX, you will save a significant amount of money. Our wholesale currency exchange rates for money transfers are significantly more competitive than bank foreign exchange rates. Being Australasian based, we specialise in knowing what drives AUD/JPY currency conversion rates.

AUD to JPY Overview: Since the middle of last century, Australia and Japan have had a constantly growing economic and cultural relationship. As Australia’s trade focus on the other Commonwealth countries dwindled during the 1950’s and 60’s, it turned its ties to Asia, and Japan in particular. By the mid 1960’s Japan was the largest export destination for Australian products and that strong relationship remains in place right through until current times. By the nature of the Australian dollar being a barometer for global growth, and the YEN being a safe haven currency in uncertain times, the pairs moves are accentuated in uncertain times. Since the global financial crisis (GFC) in 2008, the pair has spent most of the time bounding within the 72.00 – 88.00 range, which is some 18% wide.

or

Apply for obligation free account and currency commentary

Historical Ranges: 1 year 5 years 10 years
AUD/YEN 69.97 – 83.90 69.97 – 102.65 69.97 – 105.39

Current Official Cash Rates:
Reserve Bank of Australia (RBA): 0.75%        Bank of Japan (BOJ): -0.10%

The Australian Dollar (AUD) pushed higher Monday off its opening price of 65.00 to 66.40 against the Japanese Yen as risk sentiment in the markets improved. Global coronavirus numbers continue to improve with Italy and New York reporting lower new cases of the virus. It’s still very early to be drawing any conclusions yet as to call it a trend. Tokyo unveiled a massive 1Trillion support stimulus package to curb the ongoing economic fallout from Covid-19. Japan’s Prime Minister has declared a national emergency but refuses to bring in a nationwide lockdown. The pair still trades within its fortnightly ranges but has reasonable chances of travelling higher if market mood continues as the cross breaks above the 50 day moving average at 66.20
Exchange Rates
Current Level: 66.49
Resistance: 67.70
Support: 64.60
Last Weeks Range: 64.40-67.23

Surprisingly this week we have seen little movement in the Japanese Yen (JPY), Australian Dollar (AUD) with price drifting below the weekly open of 66.15 to 65.40 into Friday session. Risk sentiment is still the main driver behind currencies as we see a little more JPY demand starting to come through. The Bank of Japan has offered discouraging headlines with PM Abe proposing a record 60 Trillion stimulus package which is worth more than 10% of the country’s GDP. This comes less than 4 months after his last economic stimulus. This package is bigger than the one needed to boost the economy during the 2008 GFC. Japan is in risk of deepening economic recession due to the pandemic. We are picking another risk affected decline in this cross and a potential retest of 60.00 over the following fortnight.
Exchange Rates
The current interbank midrate is: AUDJPY 65.54
The interbank range this week has been: AUDJPY 64.37- 67.23

The Australian Dollar (AUD) has managed to retain most of the gains made last week against the Japanese Yen (JPY) pushing higher off the weekly open to trade just off last week’s high of 67.50 to 66.50 as I write. Equity markets rebounded off Friday’s negative closes and are up over 2.0% on the day with a little more risk in the air. The Bank of Japan continued with their EFT (exchange traded funds) purchases with another 201.6Billion Yen yesterday. This is the 4th time they have done so previously on the 26th March, 23rd March and 19th March. We could see a spike in Yen demand based off Fed’s unlimited QE plan. A brake lower through the 64.50 level could spell further declines for the Aussie. But for now the cross looks steady.
Exchange Rates
Current Level: 66.65
Resistance: 68.80
Support: 65.50
Last Weeks Range: 63.90-67.70

The Australian Dollar (AUD) fell to 62.90 early Monday against the Japanese Yen (JPY) but recovered into Tuesday to 64.70 as risk sentiment improved. The RBA has offered to buy AUD$4 Billion in government bonds while injecting AUD$3.7Billion in daily operations. The government announced a second stimulus package worth AUD$66Billion to keep businesses afloat during the coronavirus pandemic. Downward bias still remains in this cross, buyers of JPY should fill your boots.
Exchange Rates
Current Level: 65.21
Resistance: 67.40
Support: 60.70
Last Weeks Range: 59.91-65.61

The Australian Dollar (AUD) was sold off in another wave of pressure yesterday against the Japanese Yen (JPY) to go under 60.00 for the first time since March 2009 reaching 59.85. PM Scott Morrison announced he was closing Australian Borders late last night which was seen by markets as extremely good news which rallied the Aussie back to 65.00 during NY and London trading. Settling around 64.00 Friday morning. RBA’s Lowe dropped the cash rate to 0.25% and said it would remain for some years and spoke about further stimulus and unconventional monetary policy if needed. Downward bias still remains in this cross, buyers of JPY should fill your boots.
Exchange Rates
The current interbank midrate is: AUDJPY 64.15
The interbank range this week has been: AUDJPY 59.90- 67.25

The Australian Dollar (AUD) has traded lower off the weekly open to 65.00 levels against the Japanese Yen (JPY). Opening around the 66.80 area weekend coronavirus numbers continue to spiral out of control affecting AUD risk. Growing expectation the RBA won’t be far away from slashing their cash rate again from 0.5% to 0.25% following moves by most central banks to ease offering economic relief. The Bank of Japan have also introduced their own measures overnight to blunt the impacts of coronavirus by assisting businesses with cheap zero interest lending and doubling equity and asset purchases. The Aussie has recovered from early Tuesday’s 64.05 to trade back at 65.10 as markets await Aussie employment data Thursday.

Exchange Rates
Current Level: 65.05
Resistance: 67.50
Support: 64.10
Last Weeks Range: 64.07-68.95

The Japanese Yen (JPY) is still the most preferred currency to hold during risk events. With coronavirus worsening every day investors continue to flock to the safe haven JPY. The Australian Dollar (AUD) is not putting up much of a fight, pushing deeper into the depths to 66.60. It’s basically custard on all fronts as coronavirus takes a serious hold on financial markets and more importantly humanity. Bank of Japan’s Kuroda reassured markets that the central bank wouldn’t hesitate to take the necessary measures when due. The problem being the bank may struggle to deal with virus stimulus with the bank unable to bolster the economy in recent years with monetary policy and achieve their 2.0% inflation target. Markets will continue to buy up the JPY in waves for as long as Covid- 19 is terrorising us.

Exchange Rates
The current interbank midrate is: AUDJPY 65.89
The interbank range this week has been: AUDJPY 64.90- 69.07

The Japanese Yen (JPY) soured Monday afternoon to 64.50 against the Australian Dollar (AUD) as investors fled to safe haven assets. Coronavirus has done a fair amount of damage over the past weeks but nothing like this. Further fears over the virus outbreak and a global oil price war triggered a historic sell off. The good news for JPY buyers is the retracement of the down move back to 67.40 where the cross looks to consolidate for a while. For anyone still following data releases, we have NAB Business Confidence out later today. Spikes are certainly capped with further downside bias still very much the theme for a while.

Exchange Rates
Current Level: 67.86
Resistance: 71.30
Support: 66.00
Last Weeks Range: 64.21-71.47

The Australian Dollar (AUD) after positive early week signs has reversed off 71.50 to continue its decline against the Japanese Yen (JPY) Friday. Sentiment took a dive during overnight trading sessions with investors further concerned about the spread of coronavirus. The RBA cut rates 25 basis points on Tuesday to 0.50% to support the economy as it responded to the coronavirus outbreak. The RBA says they are prepared to ease further if necessary, the AUD rose post release along with receiving a boost from fourth quarter GDP but the run up was always going to be short lived. Testing last week’s 69.40 looks almost a done deal, if you are a Yen buyer now is the time before further weakness in the cross.

Exchange Rates
The current interbank midrate is: AUDJPY 71.93
The interbank range this week has been: AUDJPY 71.76- 73.80

Data this week in the Australian Dollar (AUD), Japanese Yen (JPY) pair has depreciated the AUD down to 71.90 levels. Construction work done came for the fourth quarter 2019 a disappointing -3.0% from the -1.0% expected and overall for the 2019 year down overall -7.4%. This was followed by capex at -2.8% for the fourth quarter based on predictions of 0.5% growth. The number wasn’t all bad with mining spending firming with plans for 2021 looking positive. Coronavirus fears will continue to drive markets with a good chance we could retest prior lows before the weekend.

Exchange Rates
The current interbank midrate is: AUDJPY 71.93
The interbank range this week has been: AUDJPY 71.76- 73.80

Recession talk in Japan has been all but forgotten for now with the Japanese Yen (JPY) returning to markets favourite currency of choice in times of risk aversion. The Australian Dollar (AUD) slipped to 73.00 levels into Tuesday and looks vulnerable to drift lower as coronavirus fears continue to dominate headlines and spook markets. Private Capital Expenditure is the only Aussie data on note this week along with Japanese Unemployment figures. The 2020 low is around 72.50 and could be tested this week if media reports more coronavirus cases.
Exchange Rates
Current Level: 73.27
Resistance: 74.30
Support: 73.00
Last Weeks Range: 73.00-74.46

Talk of a recession in Japan sank the Japanese Yen (JPY) this week against the Australian Dollar (AUD) to 74.20. Japanese GDP fell by 1.6% in the last quarter of 2019, an annualised drop of 6.3% and the worst quarter since 2014. However, it wasn’t all one way traffic in the pair as Aussie employment helped cap further rises around 74.35 with Australian Unemployment rising to 5.3% from 5.2%. Coronavirus risk sentiment has gone quiet over the last few days but is likely to affect markets down the road again. For now the Aussie has enjoyed a lift off the yearly low from early February which could extend higher.
Exchange Rates
The current interbank midrate is: AUDJPY 74.13
The interbank range this week has been: AUDJPY 73.18- 74.46

Price in the Australian Dollar (AUD), Japanese Yen (JPY) has squeezed to 73.80 into Tuesday in thin US Holiday Markets. Japanese fourth quarter GDP disappointed yesterday at -1.6% from the -1.0% predicted and shrinking the annualised 2019 GDP figure down a whopping 6.3%. Coronavirus is still occupying most of the headlines and with a lack of data this week could impact price again. The only focus looks to be the RBA minutes later today. We expect the price to click higher this week in the cross.
Exchange Rates
Current Level: 73.68
Resistance: 74.30
Support: 73.20
Last Weeks range: 73.17-74.29

The Australian Dollar (AUD) improved slightly this week over the Japanese Yen (JPY) to 73.85 from the weekly open of 73.25 in a market immersed in Coronavirus. A less dovish Lowe Thursday said the outlook was improving but coronavirus was having an uncertain impact. He did however make comments about the recent Chinese stimulus and how good it will be for Australia. Downside risks are still in play for the Aussie with bearish momentum still on the chart from mid-January. Price needs to climb through 74.30 before we see confirmation of a bullish run.
Exchange Rates
The current interbank midrate is: AUDJPY 73.73
The interbank range this week has been: AUDJPY 73.12- 74.28

Coronavirus continues to drive market direction, especially with Japanese Yen (JPY) related crosses with the safe haven invest preferred. The Australian Dollar reached 0.8840 against the Yen at the close of the week a multi year low. Risk improved into Monday with the Chinese govt injecting 174B USD into the Chinese economy to offset economic growth affected by the coronavirus. Today’s RBA holds focus with no change expected from the 0.75% with recent data including jobs figures printing well enough. Containment of the coronavirus will impact further declines in the Aussie.
Exchange Rates
Current Level: 72.63
Resistance: 73.30
Support: 72.40
Last Weeks Range: 72.36-74.01

Risk sentiment has dominated the market mood this week with the Australian Dollar (AUD) coming off 1.3% to 72.80 against the preferred safe haven Japanese Yen (JPY). December quarter Australian CPI turned out a non event in terms of moving price although figures showed a slight improvement on the 0.6% predicted rising to 0.7%. The announcement was overshadowed by headline coronavirus fears with the virus continuing to worsen. Next week’s RBA has analysts torn between a potential cut and 0.75% remain. We believe they will cut to 0.5% and get ahead of the curve. A retest of 72.00 from October 2019 looks possible if coronavirus isn’t contained.
Exchange Rates
The current interbank midrate is: AUDJPY 73.22
The interbank range this week has been: AUDJPY 72.79- 74.56

The Australian Dollar (AUD) has extended last week’s declines from 75.80 down to 73.60 Tuesday against the Japanese Yen (JPY) as investor mood deteriorates. The Bank of Japan left rates unchanged last week and painted a brighter economic outlook. The central bank maintained its and growth targets however, lifting the GDP forecast for the first time in over 12 months. Positive Australian Jobs data wasn’t enough to rally the Aussie after surprising to the upside with the official Unemployment Rate edging down to 5.1% from 5.2%. We sit right above pivotal support at 73.50 currently, a break below here if the risk off mood continues could take the cross much lower.
Exchange Rates
Current Level: 73.56
Resistance: 75.40
Support: 73.35
Last Weeks Range: 73.49-75.80

The Australian Dollar (AUD) sank to 74.70 levels this week against the Japanese Yen (JPY) as fears of coronavirus spreading shook risk sentiment sending investors back into the safe haven of the JPY. The Bank of Japan left rates unchanged on Tuesday and painted a brighter economic outlook. The central bank maintained its interest rate and growth targets, lifting the GDP forecast for the first time in over 12 months. Positive Australian Jobs data wasn’t enough to rally the Aussie after surprising to the upside with the official Unemployment Rate edging down to 5.1% from 5.2% and the participation number for December rose 28,900 based on consensus of 12,000. Next week’s quarterly Aussie CPI is now the focus. Solid support is seen around the 74.50 mark.
Exchange Rates
The current interbank midrate is: AUDJPY 74.97
The interbank range this week has been: AUDJPY 74.64- 75.88

While markets celebrated Martin Luther King holiday yesterday the Australian Dollar (AUD), Japanese Yen (JPY) slipped back to 75.50 in thin conditions. This week’s Bank of Japan monetary Statement holds the main focus with Australian jobs data later in the week. The first central bank meeting for 2020. The BoJ are likely to maintain their recent policy as global risks subside. The signing of the phase one trade deal is a part of this with phase two underway. The long-term trend looks to support a retest of the yearly high at 76.25 seen mid last week.
Exchange Rates
Current Level: 75.76
Resistance: 76.30
Support: 75.50
Last Weeks Range: 75.52-76.24

The Australian Dollar (AUD) has extended last week’s run higher against the Japanese Yen (JPY) lifting to 76.20 Friday. Market sentiment this week has been positive with the signing of the phase one trade deal between China and the US- phase two negotiations are already underway. Bank of Japan’s governor Kuroda spoke yesterday highlighting his positive outlook for the Japan economy in 2020, but said he would not hesitate to ease monetary measures if required. “Japan’s economy is likely to continue on a moderate expanding trend”. Price trades just shy of the May 2019 high of 76.60 and could retest in the coming days.

Exchange Rates
The current interbank midrate is: AUDJPY 75.92
The interbank range this week has been: AUDJPY 75.57- 76.24

2019 price points…open 79.30, close 75.90, high 80.72, low 69.95.
The Australian Dollar (AUD) recovered well from the dive down to 73.75 against the Japanese Yen (JPY) bouncing higher to close at 75.60 and to 75.90 into Tuesday trading. Risk sentiment has improved with the Yen under pressure stemming from the US jobs report which should continue to keep investors in a good mood for a while. Certainly equity prices trading at massive highs is a representative guide. If we see further market optimism we could see a retest of the prior high at 76.50 develop. BoJ’s Kuroday speaks tomorrow.

Exchange Rates
Current Level: 75.95
Resistance: 76.50
Support: 75.00
Last Weeks Range: 73.76-76.00

Stats from last year’s trading in the Australian Dollar (AUD), Japanese Yen pair which may be of interest…2019 open 79.30, close 75.90, high 80.72, low 69.95. Price slumped to 73.75 Wednesday after risk assets took a hit after Iran launched more than a dozen missiles at US based troops stationed in Iraq. Aussie Building approvals then printed at a historic 11.8% rise from the 21.0% expected lifting the AUD back to 75.00 levels into Thursday. We have Aussie Trade Balance and crucial Retail Sales Friday to come on the calendar.

Exchange Rates
The current interbank midrate is: AUDJPY 74.94
The interbank range this week has been: AUDJPY 73.75- 75.25

Risk on flows kept sent the Australian Dollar (AUD) to 75.60 earlier in the week against the Japanese Yen (JPY). A change in risk mood Wednesday and positive US data dropped the cross back to 75.00 levels Friday. Attention now lies with tomorrow’s Australian unemployment numbers and the Bank of Japan (BoJ) Interest Rate Statement which is not expected to earth changing. We are picking a retest of the previous high at 76.15 a continuation of Aussie momentum from late August lows.
Exchange Rates
The current interbank midrate is: AUDJPY 74.96
The interbank range this week has been: AUDJPY 74.85- 75.62

Solid performance by the AUD on this cross with the AUD/JPY trading at a high of 75.97, the highest level in nearly 5 months, mainly on the increase in market appetite for “risk” currencies as the potential for a successful US/China trade deal increases. Currently this cross is sitting around the 75.90 level and should hold above the 75.00 level heading into the weekend. Next week will bring Aussie unemployment data but if this is positive, the AUD/JPY has scope to threaten next resistance at the 76.30 level.
Exchange Rates
The current interbank midrate is: AUDJPY 75.66
The interbank range this week has been: AUDJPY 73.81- 75.96

Reasonable swings over the week in the Australian Dollar (AUD), Japanese Yen (JPY) pair have seen price bounce to nearly 75.00 and down to 73.90 based on mixed Australian economic releases. First it was risk on then Aussie Building approvals came in poor along with GDP at 0.4% for the third quarter based on predictions of 0.5%. The RBA left their cash rate unchanged at 0.75% saying the global economy remains stable, while risks are still slanted to the downside, the RBA continue to watch intl trade flows and how Trump’s trade negotiations with China are affecting investment and business. Retail Sales took the Aussie lower to 74.20 after a poor November release showing consumer spending is low. Risk appetite around trade negotiations continues to have the biggest weighting over this pair- 75.40 the yearly high could be retested providing the global outlook remains positive.
Exchange Rates
The current interbank midrate is: AUDJPY 74.28
The interbank range this week has been: AUDJPY 73.89- 74.83

With risk markets improving early Monday it has been a good start for the Australian Dollar (AUD) reaching 74.50 against the Japanese Yen (JPY). Coming off the weekly open at 74.00 buyers exited yen positions on improved sentiment stemming from better than expected Chinese Manufacturing data and Trump making comment he wants the Fed to lower rates below the current 1.75% in order to devalue the US Dollar. Although we have seen price bounce higher off 70.00 recently the Aussie is still in a bearish long-term decline. Not until price extends higher through 76.00 would we shift our view to Bullish. Today’s RBA cash rate and statement is the focus.

Exchange Rates
Current Level: 74.37
Resistance: 74.60
Support: 74.00
Last Weeks Range: 73.72-74.51

The Australian Dollar (AUD) posted gains this week against the Japanese Yen (JPY) rising to 74.30 on improved risk sentiment. Construction Work Done for the third quarter showed an overall weakness to the economy over the past year calling for more action by the RBA to cut rates again. President Trump put a spanner in the works yesterday by signing a HK bill in support of the protestors putting a trade deal in jeopardy. Market conditions will be extremely thin to close the week with US Thanksgiving holiday. Focus now turns to the RBA cash rate on Tuesday. Direction will be governed by risk mood until then which I suspect could have downside risks.

Exchange Rates
The current interbank midrate is: AUDJPY 74.05
The interbank range this week has been: AUDJPY 73.72- 74.28

As one choppy week of Australian Dollar (AUD), Japanese Yen (JPY) movement ends another begins. The Aussie bounced off 74.00 Monday to trade back towards 73.70 level as we head into more RBA Lowe speak today. Markets seem to be feeling a little better towards the China/US outlook this week as China said 2it would raise the penalty for intellectual theft violations in an attempt to win over US trade officials. Aussie private capital expenditure a good economic barometer is the key release this week on Thursday. Momentum in the pair looks to be slanted to the downside with a retest possible at 73.35

Exchange Rates
Current Level: 73.87
Resistance: 74.30
Support: 73.50
Last Weeks Range: 73.49-74.27

A fairly choppy week in the Japanese Yen (JPY), Australian Dollar (AUD) pair has seen price bounce around 74.00 on a lack of any meaningful data this week. Japanese Trade Balance missed the mark printing lower than expected at -0.03T compared to 0.26T representing a deficit instead of a surplus. Trade war tensions are said to be blamed for the sharp turnaround in Japanese exports. A retest of the five week low at 73.35 looks ominous with risk sentiment towards the US China trade negotiations looking shaky.

Exchange Rates
The current interbank midrate is: AUDJPY 73.70
The interbank range this week has been: AUDJPY 73.48- 74.30

The Australian Dollar (AUD) recovered late Friday off the low of 73.35 to close the week at 74.20 but was overall down from the open of 74.90. Aussie employment data rocked the AUD after data printed poor. Risk sentiment improved into Friday with improvements to the trade tariff negotiations as investors bought risk. We expect further downside this week to continue towards the prior low of 73.35

Exchange Rates
Current Level: 73.95
Resistance: 75.40
Support: 73.50
Last Weeks Range: 73.36-74.94

The Australian Dollar reached a peak of 75.65 late last week against the Japanese Yen (JPY) as recent risk sentiment euphoria deteriorated. Trading lower off the open the Aussie pulled back to 74.60 under a cloud of recent setbacks in the US/China trade negotiations after US officials corrected Chinese media over speculation that the US was to “roll back” tariffs on Chinese products. This news was fake with Chinese media getting ahead of themselves. Aussie jobs data prints this week and is expected to show an increase in workforce numbers with unemployment stable. This should send the cross higher to retest the previous high of 75.65

Exchange Rates
The current interbank midrate is: AUDJPY 73.60
The interbank range this week has been: AUDJPY 73.35- 74.93

The Australian Dollar reached a peak of 75.65 late last week against the Japanese Yen (JPY) as recent risk sentiment euphoria deteriorated. Trading lower off the open the Aussie pulled back to 74.60 under a cloud of recent setbacks in the US/China trade negotiations after US officials corrected Chinese media over speculation that the US was to “roll back” tariffs on Chinese products. This news was fake with Chinese media getting ahead of themselves. Aussie jobs data prints this week and is expected to show an increase in workforce numbers with unemployment stable. This should send the cross higher to retest the previous high of 75.65.

Exchange Rates
Current Level: 74.67
Resistance: 75.60
Support:74.30
Last Weeks Range: 74.57-75.66

The Australian Dollar has extended higher against the Japanese Yen (JPY) for the fifth straight week reaching 75.60 Friday. The Reserve Bank of Australia left the official cash rate unchanged Tuesday at the record low of 0.75% hinting at no further easing bias on the radar. With recent unemployment shifting lower and inflation ticking higher to 1.7% for the September quarter along with a rebound in housing data the RBA felt comfortable with leaving the rate as it is. Next week’s Australian jobs data will be the focus. Expect further improvements in price towards resistance of 76.25 if the data prints well.

Exchange Rates
The current interbank midrate is: AUDJPY 75.23
The interbank range this week has been: AUDJPY 74.56- 75.66

The Australian Dollar (AUD) has rallied higher over the week against the Japanese Yen (JPY) to a fresh late July high of 75.25 before dropping away. The Bank of Japan (BoJ) refrained from speaking on any policy changes during Thursday’s policy meeting, keeping their short term rate at -0.10% and the long term 10 year government bond yield target at zero. The bank expects short and long term interest rates to stay at the current low levels for some time yet. Even though Aussie Building approvals and export data reflected improvements the AUD has given back gains reversing to 74.40 Friday. Focus is now with the RBA cash rate announcement next week, 30 minutes prior to Melbourne Cup Tuesday.

Exchange Rates
The current interbank midrate is: AUDJPY 74.38
The interbank range this week has been: AUDJPY 74.06- 75.28

The Australian Dollar (AUD) extended its bull run to a fresh three month high of 74.82 during early week trading against the Japanese Yen (JPY) before price dropped away on risk fears. Japanese Trade Balance figures showed a slight improvement to the -0.17T expected but overall exports slipped for the 10th month raising questions of whether the Bank of Japan could ease policy at next week’s meeting. With price currently testing the weekly low around 73.95 we could see further weakness if next week’s Aussie CPI q/q and Building Approvals prints down.

Exchange Rates
The current interbank midrate is: AUDJPY 74.07
The interbank range this week has been: AUDJPY 73.92- 74.82

Risk markets extended the Australian Dollar (AUD) higher off the weekly open to 74.55 against the Japanese Yen (JPY) into Tuesday with optimism around a Brexit deal agreed. Japanese Trade Balance figures showed a slight improvement to the -0.17T expected but overall exports slipped for the 10th month raising questions if the Bank of Japan could ease policy at next week’s monetary policy meeting. Price sits at the 30 July high this morning; we expect a retest of 76.10 with improved risk.

Exchange Rates
Current Level: 74.58
Resistance: 76.00
Support: 73.70
Last Weeks Range: 73.05-74.71

Early in the week the Japanese Yen (JPY), Australian Dollar (AUD) saw 73.00 levels on risk averse markets but has since improved back above 74.00 to post a fresh high of 74.38. The Bank of Japan’s Kuroda spoke of inflation moving around the 0.5% mark and the BoJ would continue to expand its monetary base until inflation exceeds the 2.0% target. Australian unemployment rate has fallen to 5.2% from 5.3% the first drop in seven months when it peaked at 4.9%. 14,700 new jobs were added to the economy in September spurred on mostly by full time employment. This represents good news for the RBA who have cut rates three times this year to try and stimulate growth and employment. Next week’s data for the cross is light suggesting risk sentiment will dominate movement.

Exchange Rates
The current interbank midrate is: AUDJPY 74.18
The interbank range this week has been: AUDJPY 73.00- 74.39

The Australian Dollar (AUD) came off its recent high of 73.95 Monday against the Japanese Yen (JPY) dropping down to 73.00 Tuesday after risk markets turned negative. Speculation of a trade deal between the US and China faded overnight with a lack of any real substance. These levels around 73.00 represent good levels for buying of JPY especially considering the recent low of 69.95. Bank of Japan’s Kuroda speaks today in Tokyo and Australian employment will be the main focus this week. With risk sentiment a massive mover of this pair, downside momentum should continue over the coming days.

Exchange Rates
Current Level: 68.21
Resistance: 74.00
Support: 73.00
Last Weeks Range: 71.85-73.95

The risk trade has dominated this week’s action in the Australian Dollar (AUD), Japanese Yen (JPY) pair with risk sentiment changing mood several times. Price bounced around 72.00 and 72.50 for most of the week as markets awaited the trade talks in Washington between US and Chinese officials. Word initially was that the Chinese would be reluctant to more the goal posts of earlier policy but with speculation a partial deal could be done and US officials saying trade talks were going better than expected, markets shifted gear and purchased risk with the AUD spiking Friday to 73.00 levels. Prices around 73.00 should be considered by JPY buyers with an AUD downside bias still remaining.

Exchange Rates
The current interbank midrate is: AUDJPY 73.05
The interbank range this week has been: AUDJPY 71.84- 73.02

The Australian Dollar (AUD) saw a little buyer support earlier in the week against the Japanese Yen (JPY) reaching 73.37 but was back under pressure at Australia’s central bank meeting late Tuesday. The RBA cut their overnight cash rate from 1.0% to 0.75% in efforts to boost economic growth with Lowe saying he needed full employment and inflation back at the targeted level of 2.0%. The Bank of Japan’s Wakatabe was on the wires saying the Bank of Japan have policy options and don’t want to continue with low and negative rates over the long term. Fundamentally the Aussie remains bearish with lingering global trade tensions and isn’t far off breaking key support of 70.00 if things continue to worsen globally.
Exchange Rates
The current interbank midrate is: AUDJPY 72.07
The interbank range this week has been: AUDJPY 71.74- 73.37

Price in the Australian Dollar (AUD), Japanese Yen (JPY) flat lined last week around the 72.80 area as subtle risk shifts confused investors. Small gains made by the Aussie after upbeat comments from Lowe were soon meet with uncertainty around the Trump impeachment scandal. The market has clearly started to re-position into today’s RBA announcement with expectations a cut to 0.75% is almost fully priced in. Retail Sales prints Friday. Downward bias remains in the pair with price still well under the 100 day moving average, buyers of JPY should consider current levels.

Exchange Rates
Current Level: 72.98
Resistance: 74.40
Support: 72.60
Last Weeks Range: 72.48-73.31

The Australian Dollar (AUD), Japanese Yen (JPY) traded sideways this week dominated by a lack of economic data by both currencies and gentle shifts in risk sentiment. Pivoting around the 72.70 levels we saw choppy two way flow as the Yen gave way to diverging themes. Lowe is coming under increased pressure by analysis to cut rates lower than the current 1.0% amid the weakest expansion period in a decade, his comments this week suggested otherwise when he backed off commenting on what markets perceive as imminent cuts. Next week’s RBA policy rate meeting will carry markets attention with Aussie Retail Sales Friday. Downside pressure still remain in the pair- those buying JPY should consider around 73.00 levels.
Exchange Rates
The current interbank midrate is: AUDJPY 72.80
The interbank range this week has been: AUDJPY 72.46- 73.30

With risk improving Monday the Australian Dollar (AUD) improved off the weekly close of 72.70 back to 73.00 against the Japanese Yen (JPY). News from the Chinese Ministry of Commerce suggesting they had downplayed the significance of cancelling the US farm visits took equity markets and risk flows higher. Bank of Japan’s Kuroda speaks today just prior to RBA’s Lowe. Lowe is coming under increased pressure by analysis to cut rates lower than the current 1.0% amid the weakest expansion period in a decade, his comments will be closely monitored. Unfortunately for JPY buyers we still favour price to fall back to August lows around 70.60 with ongoing global uncertainty dominating downside momentum.
Exchange Rates
Current Level: 72.92
Resistance: 74.40
Support: 71.80
Last Weeks Range: 72.62-74.28

The Australian Dollar (AUD) couldn’t continue its run higher from last week’s high of 74.50 dropping lower to 73.20 against the Japanese Yen (JPY). Australian jobs data released up on expectations with an additional 22,000 people added to the workforce but it was the unemployment rate rising to 5.3% from 5.2% which pulled the Aussie lower into Friday. A daily close below 73.00 could signal a further significant pullback to retest the prior low of 69.95 in August. Next week is a quiet week on the calendar so risk sentiment shifts will dominate any price moves.
Exchange Rates
The current interbank midrate is: AUDJPY 73.16
The interbank range this week has been: AUDJPY 73.12- 74.28

The Australian Dollar (AUD) retreated off the close of 74.40 Monday to dive to 73.80 against the Japanese Yen (JPY) before recovering earlier losses to trade back at 74.25 into Tuesday. The AUD looks to regain the edge heading into the crucial bank of Japan cash rate and policy announcement Thursday. First is Aussie employment data which is expected to be print well for August continuing July’s buoyant result. A retest of 74.70 and a break above this area would support further upside for the AUD confirmed by the 100 day moving average.
Exchange Rates
Current Level: 74.16
Resistance:76.00
Support: 72.40
Last Weeks Range: 73.41-74.49

The Australian Dollar (AUD) extended last week’s gains again out performing the Japanese Yen (JPY) to reach 74.45. NAB Business confidence showed a slight deterioration in August with Westpac consumer sentiment also printing down on expectations with pressures continuing on family finances and concerns around near term economic outlook. Both results had no real effect on price with risk sentiment benefiting the AUD. As we suggested earlier a retest of 74.00 was on the cards if risk allowed, the next resistance in the cross is 76.00. Next week’s attention will fall on Australian employment and the Bank of Japan monetary statement.
Exchange Rates
The current interbank midrate is: AUDJPY 74.31
The interbank range this week has been: AUDJPY 73.02- 74.48

Safe haven flow remained low into Tuesday following on from last week’s push higher in risk related products. The Australian Dollar (AUD) rallied to 73.60 against the Japanese Yen (JPY) posting a six week high. Japanese data Monday wasn’t overly supportive for Yen buyers with figures showing worse than predicted results in Bank Lending and Current Account figures. No tier one Aussie data is to publish over the remainder of the week suggesting AUD may creep higher towards a retest of 74.00 if risk sentiment allows.
Exchange Rates
Current Level: 73.69
Resistance: 74.20
Support: 71.00
Last Weeks Range: 71.09-73.75

This week’s Aussie data has driven price in the AUDJPY cross to 72.80 from its open of 71.50. Risk momentum has also benefited the Australian Dollar (AUD) with events in Hong Kong easing with the Hong Kong Anti Extradition bill withdrawn. The RBA left rates unchanged at 1.0% saying the outlook for the global economy remains reasonable but remain to the downside. Quarterly GGP and Trade Balance both printed meeting expectations. Buyers of JPY will welcome the recent halt to the AUD slide off the recent 69.85. The pair will meet resistance around the 73.00 mark.
Exchange Rates
The current interbank midrate is: AUDJPY 72.89
The interbank range this week has been: AUDJPY 71.09- 73.14

This week is dominated by Australian data with six significant releases on the calendar which could shift around price from the current 71.30 level against the Japanese Yen (JPY). 76.00 poses a reasonable resistance point in the cross but if data allows we could see the Aussie push higher back towards this level certainly that’s what I expect. The RBA will announce their cash rate today along with their monetary policy at 4.30 NZT with no change expected from 1.0% for now. Quarterly GDP and Trade Balance follow with Lowe making comment recently that he expects second quarter GDP to print soft around 0.5%. Looming US/China trade worries could offset any good data, a retest of last week’s 69.95 level would not surprise.
Exchange Rates
Current Level: 71.20
Resistance: 72.40
Support: 71.00
Last Weeks Range: 71.12-72.06

With market mood improving Tuesday buyers re-entered the Australian Dollar (AUD) back to 72.00 levels against the Japanese Yen (JPY) where it hovered for most of the week with a short trip back to 71.10. Data out in Australia has been poor with Construction figures followed by CAPEX results deteriorating. Construction in Australia has worsened with a contraction over the second quarter falling by 3.8%. Building Approvals release today and may reflect further building activity declines. Expect the AUDJPY to fall lower with general economic outlook supporting a risk averse tone.
Exchange Rates
The current interbank midrate is: AUDJPY 71.40
The interbank range this week has been: AUDJPY 69.94- 72.06

After falling out of bed on the weekly open and diving below 70.00 for the first time in many years the Australian Dollar (AUD) recovered from 69.95 back to 71.80 Tuesday against the Japanese Yen (JPY). Global fears took a turn late Friday with the US President escalating the trade war further by increasing tariffs on Chinese products after China imposed fresh tariffs on the US. The cross was the biggest mover on the day as stocks also moved sharply higher up 1% as risk flows improved. Top side looks well capped aro2und 72.40 this week.
Exchange Rates
Current Level: 71.72
Resistance: 72.40
Support: 70.65
Last Weeks Range: 71.01-72.41

Better than expected Australian employment numbers gave the Aussie momentum Friday against the Japanese Yen (JPY) closing around the 72.10 area. Tuesday sees price unmoved as markets await today’s RBA minutes. Japan’s Tanken Manufacturing index was the worst since 2013 yesterday staling any JPY momentum. All eyes are focused on today’s RBA minutes to gauge further direction.
Exchange Rates
Current Level: 72.50
Resistance: 72.03
Support: 70.90
Last Weeks Range: 71.02-72.92

The Australian Dollar (AUD) started the week out retesting last week’s multi year low of 70.75 against the Japanese Yen (JPY) but rebounded Wednesday after Australian Wage data surprised to the upside with a 0.6% lift in price inflation boosting the Aussie to 72.90. Equity markets closed flat after losing over 3% earlier in the week and risk averse conditions eased. The Aussie still has a ton of work to do to escape the depths of drifting below pivotal support at 70.00 especially if the risk tone continues into September. Next week’s data also reflects a quiet week so offshore factors will play a part.
Exchange Rates
Current Level: 71.21
Resistance: 72.40
Support: 70.70
Last Weeks Range: 70.75-72.71

Further losses were halted last week for the Australian Dollar (AUD) as price cleared 72.30 mid week and looked like it might push back to 74.00 but this never eventuated. With risk sentiment deteriorating price turned back in favour of the safe haven Japanese Yen (JPY) reversing lower to 71.10 Tuesday following its cue from sharply lower overnight US equity prices. Australian employment data prints later in the week the only highlight on the docket. It’s hard to not see the Aussie break below 70.00 this week.

Current Level: 71.21
Resistance: 72.40
Support: 70.70
Last Weeks Range: 70.75-72.71

The Australian Dollar (AUD) has stemmed further losses against the Japanese Yen (JPY) as the general risk off tone seem to lift. This cleared the way for economic related price moves to 72.60 after the RBA announced no change to the cash rate and back to 70.70 after the RBNZ dropped rates to 1.0% where the Aussie strangely reacted in sympathy. The RBA kept the benchmark cash rate at 1.0% in line with the global outlook remaining questionable and inflation expectations low. An easing bias still remains for the RBA with expectations of further cuts expected based on a “if needed” scenario. The AUDJPY is still trading in no man land with the real possibility we may see price under 70.00 soon if global growth fears continue.
Exchange Rates
The current interbank midrate is: AUDJPY 72.18
The interbank range this week has been: AUDJPY 70.73- 72.68

The Australian Dollar (AUD) has left the building. Gone for all money, entered the abyss with no return in sight. Monday has seen price drift further lower to 71.70 surpassing the June 2016 level support of 72.70 to a multiyear low. Markets turned risk averse again Friday after Trump raised the bar on tariffs to China introducing a further 10% on 300B worth of products starting 1 September. Today we have the RBA announcement with no change expected to the 1.0%. With a bad “risk” smell in the air comments from Lowe will be carefully scrutinised as to easing policy later in the year. For now expect further AUD weakness as investors buy up JPY.
Exchange Rates
Current Level: 72.05
Resistance: 75.00
Support: 71.50
Last Weeks Range: 71.24-75.19

The Australian Dollar (AUD), Japanese Yen (JPY) is trading at 73.00 after the cross extended another leg lower Friday. Overnight risk sentiment also took a hit with Trump announcing he would instigate fresh tariffs of 10% on a further $300B worth of Chinese products from September 1st. This shook markets as investors reached back into the JPY safe haven. Earlier in the week the Bank of Japan committed to keeping rates extremely low for some time saying they would take additional measures if the circumstances warranted it. We expect further downside action to develop, price may struggle to hold above the June 2016 low of 72.40
Exchange Rates
The current interbank midrate is: AUDJPY 73.08
The interbank range this week has been: AUDJPY 72.89- 74.88

We have little movement in the Japanese Yen (JPY), Australian Dollar (AUD) pair this week as markets await the BoJ- Bank of Japan Monetary Policy Statement which prints today. Price hovers around 75.00 while the BoJ should keep rates unchanged at super low levels. Yesterday’s Japanese Retail Sales published at 0.5% up from the 0.2% markets were expecting giving the Yen an early boost with price initially travelling to 74.85. We expect further downside action this week but price should hold the key level of 74.00
Exchange Rates
Current Level:75.15
Resistance: 76.15
Support: 75.00
Last Weeks Range: 74.90-76.06

The Australian Dollar (AUD) has struggled to push higher this week through 76.15 resistance against the Japanese Yen (JPY) with price sticking to its range bound action fourth week running. Early Friday we have seen a bounce higher off heavy support at 75.25 to 75.50 suggesting price could be setting up to push higher. Buyers may need to wait longer for a retest of 77.50 but the next couple of days likely to highlight broader picture direction. Next week’s Bank of Japan (BoJ) rate announcement and monetary statement will be the focus with a decent chunk of analysts expecting the BoJ to announce possible further interest rate cuts in sync with a global U-turn in central bank policy.
Exchange Rates
The current interbank midrate is: AUDJPY 75.44
The interbank range this week has been: AUDJPY 75.24- 76.15

The Australian dollar has tried to push higher against the Japanese Yen this week, but it’s ultimately failed a couple of times at resistance around the 76.15 area. Any break above that level would open the way for a test of 77.50, which is something we do eventually favor, but the repeated topside failures may well encourage sellers to re-enter the market and test downside support, currently seen around 75.00. From Australia this week we only have a speech from RBA Gov Lowe to digest, and the Japanese economic calendar is also looking pretty light. With that in mind, the biggest driver may well end up being swings in broader market risk sentiment.
Exchange Rates
Current Level:75.88
Resistance: 77.50
Support: 75.00
Last Weeks Range: 75.45-76.15

Australian dollar (AUD) gains have driven this pair back towards some key resistance levels against the Japanese Yen, around 76.15 . That area has capped the pair for much of the past two months, but it looks like it will be tested again soon. A sustained move above there would open the way for a broader rally initially targeting 77.50, and then potentially even 79.50. Look for today’s RBA minutes to influence the pair as well as Thursday’s release of Australia employment data.
Exchange Rates
Current Level:75.94
Resistance: 77.50
Support: 75.00
Last Weeks Range: 75.18-76.02

There has been little overall direction for this pair over the past week. Price action has ranged between 75.12 and 75.92 and that looks set to continue as the market waits for something to provide some much needed direction.
Exchange Rates
Current Level:75.80
Resistance: 77.00
Support: 75.00
Last Weeks Range: 75.12-75.92

It’s been a choppy week in the Australian Dollar (AUD), Japanese Yen (JPY) cross with price bouncing around the weekly open price of 75.70 for most of the week. The RBA cut their benchmark cash rate from 1.25% to 1.0% Wednesday for the second straight month. The first time back to back cuts have happened in seven years as the RBA tries to front foot ongoing slowing growth. Of note, the statement by Lowe was perceived as less dovish than markets were expecting even after a 25 point cut, the Aussie strangely pushing slightly higher. Next week is quiet for economic data, only Westpac Consumer Confidence figures to consider.
Exchange Rates
The current interbank midrate is: AUDJPY 75.74
The interbank range this week has been: AUDJPY 75.12- 76.28

The Australian Dollar (AUD) has bounced sharply lower off the Friday high of 76.30 giving back gains to 75.50 into Tuesday versus the Japanese Yen (JPY). Last week’s risk on rally in equity markets has continued with all 3 indices posting significant gains but the momentum has not transpired over to the AUD. All eyes are focused on today’s RBA cash rate announcement at 4.30pm NZT with markets divided as to whether a cut will take place or the RBA will wait until August. With domestic pressures on the economy to continue with softer unemployment and CPI a shift lower to 1.0% today would almost certainly take price in the cross back to 74.00

Exchange Rates
Current Level: 75.57
Resistance: 76.30
Support: 75.00
Last Weeks Range: 74.34-76.28

After falling to a yearly low of 73.90 early last week the Australian Dollar (AUD) has rebounded to claw back losses against the Japanese Yen (JPY) to 74.70 Tuesday. RBA’s Lowe spoke Monday saying risks to the global economy are tilted to the downside, while the global economy has slowed the outlook still remains reasonable. Japan’s Retail Sales prints Thursday before the all important G20 meeting in Osaka, Japan. A retest to the low of 74.00 is possible this week.

Exchange Rates
Current Level: 74.70
Resistance:75.00
Support: 74.00
Last Weeks Range: 73.93-74.85

The Australian Dollar (AUD) fall to a yearly low of 73.90 early week against the Japanese Yen (JPY) but rose to mid 74’s after the Reserve Bank of Australia’s Lowe said to expect a further rate cut. One further cut is well priced into the Aussie futures curve while two cuts this year is a different story and would have a detrimental effect if the RBA dares down this road. The Bank of Japan (BoJ) left their benchmark rate unchanged overnight in a 7-2 majority vote. The bank said they would buy government bonds so the yield of 10 year Japanese Govt Bonds would stay around zero. The BoJ will keep rates low for an extended period until at least through to mid-2020. Geopolitical tensions with Trump’s trade war will continue to knock the cross around for a reasonable period to come. The “risk off’ trade is still playing a part in the demise of the AUD and will continue to do so for a period to come with tensions still flared in the trade war between China and the US.

Exchange Rates
The current interbank midrate is: AUDJPY 74.29
The interbank range this week has been: AUDJPY 73.92- 74.77

With the Australian Dollar (AUD) breaking below key pivotal support of 75.00 late last week against the Japanese Yen (JPY) Monday’s open has favoured the Yen with the pair dropping further to 73.40 extending the AUD demise. Today’s RBA Monetary Policy Minutes based on the recent cash rate cut from 1.50% to 1.25% (June 4th) will be highly anticipated to give the Aussie further direction. The Bank of Japan (BoJ) announce their Monetary Policy Statement Thursday with BoJ Kuroda saying recently the BoJ will ease further if momentum towards their target 2.0% inflation is lost. He said the health of the country’s economy is stable and doesn’t need to act now. With geopolitical tensions still on the rise the safe haven JPY should push price lower.

Exchange Rates
Current Level: 74.41
Resistance:72.40
Support:70.00
Last Weeks Range: 74.35-75.67

The Australian Dollar (AUD) broke below pivotal support of 75.00 last night against the Japanese yen (JPY) reaching a low of 74.76. Currently the cross is making efforts to retest this level again as buyers exit the AUD. Yesterday’s Australian jobs figures didn’t do much to help the depreciating Aussie with the unemployment figure rising to 5.2% from 5.1% and employment change printing at 42,000 much higher than the 16,000 predicted but 39,000 of this number was made up of part time employees distorting the figures. RBA monetary policy minutes release Tuesday.

Exchange Rates
The current interbank midrate is: AUDJPY 74.77
The interbank range this week has been: AUDJPY 74.75- 76.01

The Australian Dollar (AUD) covered good ground against the Japanese Yen (JPY) last week trading into the close around 75.70. Monday’s extension to 76.00 was brief after price reversed quickly lower to 75.50 on a lack of risk appetite. Japan’s Current Account published higher than the 1.44T expected at 1.60T, along with Japan’s Bank Lending y/y figures coming in at 2.6% over the 2.4% expected helped to boost JPY strength. A retest of 75.00 looks ominous if things turn ugly in the US/Mexico trade and immigration agreement.

Exchange Rates
Current Level: 0.9230
Resistance: 76.00
Support: 75.00
Last Weeks Range: 75.07-75.99

A relatively flat outcome for this cross over the week , trading in a 74.95 – 75.90 range ..looks as if the AUD is making a bottom against the JPY with almost all negative news priced in to current AUD/JPY levels. Any uptick in Geopolitical tensions will favour the JPY but in the absence of such, look for the AUD to target the 76.00 level…a break of support at 74.95 would likely see a move to 74.50 a level not seen since the beginning of July 2016.

Exchange Rates
The current interbank midrate is: AUDJPY 75.36
The interbank range this week has been: AUDJPY 74.96- 75.90

It has been a choppy week for the AUDJPY pair, but ultimately the cross rate has gone nowhere, and it currently trades close to the opening levels of the week. It’s actually hard for us to get too negative on the Australian dollar (AUD) from these levels and there is a good possibility the AUDJPY pair may be currently forming a medium-term low. The Australian dollar still must negotiate its way through next week’s RBA interest rate meeting, and the almost certain cut in interest rates, but that’s is now largely priced into the market, so it shouldn’t cause the AUD to fall out of bed at all. There are some key support levels, on several crosses, for the AUD which aren’t too far away. We suspect these levels will contain any further AUD weakness. Client looking to transfer JPY to AUD should consider dealing at the current level, or quickly take advantage of any potential further weakness.

Exchange Rates
The current interbank midrate is: AUDJPY 75.75
The interbank range this week has been: AUDJPY 75.44- 76.00

The Australian Dollar (AUD), Japanese Yen (JPY) cross has consolidated around yearly lows ending the bearish trend from 80.70 starting around mid April. Recently the safe haven JPY has been a key element in the decline in price along with poor Australian economic data of late. Lowe’s comments reflected weaker inflationary pressures, the RBA finally realising after declining employment data the economy is actually slowing. This in turn should see a cut to the cash rate at the June 4 meeting with possibly another later in the year. With this in mind as well as trade tariff woes we see the pair drifting lower in the coming weeks.

Exchange Rates
Current Level: 75.73
Resistance: 76.40
Support: 75.30
Last Weeks Range: 75.37-76.39

The Australian Dollar (AUD) has been further sold off this week against the Japanese Yen (JPY) to 75.60 as the Yen continues to reap the safe haven trade. Australian Construction numbers fall by 2.4% for the March quarter after expectations of 0.1% showed total construction was well down. This weighed on the Aussie along with the RBA minutes Tuesday reflecting weak inflationary pressures, the RBA finally realising after poor recent employment data the economy is slowing. This in turn should see a cut to the cash rate at the June 4 meeting with possibly another cut to follow later in the year. Poor US Housing data overnight led to falls in equity prices with the cross struggling to stay above the yearly low of 75.20. Next week’s Building approvals should reflect a weakening sector and taint the AUD lower.

Exchange Rates
The current interbank midrate is: AUDJPY 75.40
The interbank range this week has been: AUDJPY 75.38- 76.38

The AUD opened the week higher against the JPY at 75.88 trading up to 76.38 on the unexpected election result, has drifted back to the 76.20/25 level as the risk-off tone continues on continued China/US trade tensions and concerns around the RBA meeting minutes and RBA Governor Lowe’s speech, both later today, will emphasise an easing basis paving the way for a rate cut in June…..Immediate support 75.80, resistance 79.40

Exchange Rates
Current Level: 76.15
Resistance: 77.00
Support: 75.30
Last Weeks Range: 75.31-76.90

The AUD continues to lose value on this cross as the risk-off tone of the markets buoys JPY levels…after opening the week at 76.83 the AUD/JPY has traded down to 75.38, currently sitting around 75.70 but looks susceptible to further declines with next support at 74.50 not seen since July 2016…downside is favoured on this cross.

Exchange Rates
The current interbank midrate is: AUDJPY 75.71
The interbank range this week has been: AUDJPY 75.40 – 77.23

The Australian Dollar (AUD) has underperformed for the fourth straight week against the Japanese Yen (JPY) as it continues to drop extremely fast – currently trading around the 75.80 level. With the RBA reiterating a dovish economic slant in the recent monetary policy minutes, economic growth and inflation are expected to reach the bottom of its band. Unemployment is still propping economic hopes. Thursday’s wages data will give us more clues as to when the RBA will cut rates. Australian elections are this weekend. We think a retest of 75.20 the early Jan 2019 low is possible this week if risk markets stay risk averse.

Exchange Rates
Current Level: 76.16
Resistance: 77.30
Support: 75.70
Last Weeks Range: 75.73-78.04

The Australian Dollar (AUD) have depreciated for the third straight week against the Australian Dollar (AUD) drifting over the week to fresh lows around 76.40. The RBA kept its key official cash rate unchanged at 1.5% initially pushing up the pair to 78.00 but as risk sentiment diminished based on further uncertainty surrounding the US and China trade war the cross eased lower. We expect the yearly low of 75.20 coming into play at some stage as the Aussie weakens further.

Exchange Rates
The current interbank midrate is: AUDJPY 77.05
The interbank range this week has been: AUDJPY 76.33- 78.04

The Australian Dollar (AUD) has fallen for the third straight week against the Japanese Yen (JPY) breaking into unchartered territory in 2019 to 76.85. Markets turned risk averse Monday after President Trump fuelled new tensions in the China/US negotiations by confirming he would hike the tariff from 10% on 200B worth of Chinese products to 25% this Friday. The Chinese haven’t made the situation any better by threatening to cancel the meeting on Wednesday. This week’s main focus will be on today’s RBA meeting with speculations spilt on a remain or shift lower to 1.25%- we expect the RBA to hold with clear comment around drops later in the year.

Exchange Rates
Current Level: 77.40
Resistance: 78.10
Support: 76.75
Last Weeks Range: 76.79-78.92

The Japanese Yen (JPY) edged lower to 78.05 against the Australian Dollar (AUD) this week in thin Yen markets based on the holiday period which runs through to next Monday. Price has been supported above massive support at 77.50 this year which could come under pressure next week when with the RBA could cut rates. The chances are still 50/50 but with poor CPI recently and today’s Building Approvals to give us a better prediction the pair could have further downside bias.

Exchange Rates
The current interbank midrate is: AUDJPY 77.94
The interbank range this week has been: AUDJPY 77.92- 78.94

It’s been one-way traffic for the AUD/JPY pair over the past week as the Australian dollar has significantly underperformed the Japanese Yen. That being said, the April 17th high of 80.71 was the highest level reached this year, so the recent declines have only managed to bring the pair back into the range where is has spent much of the past 4 months. Today’s Australian inflation data will be key for direction going forward. We suspect the risks are skewed toward a weaker than forecast result, and further AUD weakness.

Exchange Rates
Current Level: 79.31
Resistance: 81.00
Support: 79.00
Last weeks Range: 79.29-80.68

The Australian Dollar (AUD) drifted lower to 79.90 against the Japanese Yen (JPY) early in the week but was back over 80.00 after risk in the markets improved Wednesday with price retracing back around 80.40. Equity markets turned positive during the NY session dragging down support in the Yen. Earlier RBA minutes repeated the tone suggesting rates would be appropriate if inflation stays low and unemployment started to climb. Any rate rises through 2019 look to be off the table. Aussie employment data prints tomorrow the main data event this week for investors. Buyers of JPY should consider with current levels offering attractive buying.

Exchange Rates
Current Level: 80.24
Resistance: 80.50
Support: 79.65
Last weeks Range: 78.95-80.47

RBA assistant governor boost the Australian Dollar (AUD) against the Japanese Yen (JPY) during the week to 79.60 in what has been a choppy week in the cross. Over the past day the cross has only moved in a 20 point range around 79.50. Japanese Core Machinery orders were weak putting a strain on the Yen, but it was overnight risk sentiment which drove demand back in the Yen on the back of tensions round US trade policy, the cross retreating to 79.40 as the Aussie held its ground while other currencies had larger moves. Earlier the Bank of Japan’s (BoJ) Kuroda surprisingly said global economic downturn should rebound in the second quarter of 2019- that’s now through to June and sees significant growth in China and Europe in 2020. Next week’s Aussie employment data will be key.

Exchange Rates
The current interbank midrate is: AUDJPY 79.62
The interbank range this week has been: AUDJPY 78.94- 79.74

The Australian Dollar (AUD) reached a high of 79.63 during Friday’s NY session against the Japanese Yen (JPY) but dropped slightly to close the week at 79.35. Aussie Retail Sales and a risk on mood boosted the AUD through 79.30 support, the six week high. Price in the cross fell to 78.95 early Monday but has recovered back to 79.50 on positive Chinese data. A light calendar this week in the pair should keep price around current levels- Westpac consumer sentiment is Wednesday.

Exchange Rates
Current level: 79.31
Resistance: 79.65
Support: 78.50
Last Weeks Range: 78.49-79.62

The Australian Dollar (AUD) reached a high of 79.63 during Friday’s NY session against the Japanese Yen (JPY) but dropped slightly to close the week at 79.35. Aussie Retail Sales and a risk on mood boosted the AUD through 79.30 support, the six week high. Price in the cross fell to 78.95 early Monday but has recovered back to 79.50 on positive Chinese data. A light calendar this week in the pair should keep price around current levels- Westpac consumer sentiment is Wednesday.

Exchange Rates
Current level: 79.31
Resistance: 79.65
Support: 78.50
Last Weeks Range: 78.49-79.62

The Australian Dollar (AUD) has been the strongest performing currency since Wednesday. Against the Japanese Yen (JPY) price moved up on the weekly open to 79.40, dropped back to 78.50 over the RBA rate announcement and retraced losses to 79.40 a five week high. The RBA left rates unchanged at 1.50% but said further downside risks to policy have increased siting international trade declines. Retail Sales surprised markets printing a healthy 0.8% based on 0.3% expected giving the Aussie further momentum into the weekend.

Exchange Rates
The current interbank midrate is: AUDJPY 79.51
The interbank range this week has been: AUDJPY 78.48- 79.63

The Japanese Yen (JPY) dropped in value on the Monday open against the Australian Dollar (AUD) with price reaching a high of 79.25 after Japanese data disappointed. Tanken Manufacturing index printed at 21 slightly down on the 22 expected putting pressure on the yen. Risk sentiment also improved after Chinese manufacturing data impressed benefitting the Aussie. Price sits just off the high as price awaits tomorrows main event- RBA rate announcement and statement.

Exchange Rates
Current Level: 79.17
Resistance: 79.50
Support: 78.00
Last Weeks Range: 77.91-79.26

The Australian Dollar (AUD) bounced off strong support of 77.50 early Monday against the Japanese Yen (JPY) as risk associated improved regaining all of last week’s losses trading back to 79.00. Poor Japanese (PPI) Producer price index figures also weighed on the YEN. Wednesday’s RBNZ announcement pulled the Aussie down with the kiwi, the Aussie going along for the ride retreating to just under 78.00 in reaction to the latest wave of dovish central banks.

Exchange Rates
The current interbank midrate is: AUDJPY 74.97
The interbank range this week has been: AUDJPY 77.54- 79.00

The Australian Dollar AUD) retreated off last week’s high of 79.55 versus the Japanese Yen (JPY) to post a low Monday of 77.53 as risk products such as the Aussie came under pressure. Australian jobs report showed a small number of jobs (4,600) were added to the workforce a little light on expectations but it was the unemployment rate markets focused on coming in at 4.9% from 5.0% which put pressure on the Aussie. This week is a quiet week on the economic docket for the pair with only RBA governor Ellis and Kent speaking. This morning the AUD has recovered losses recovering back over the 78.00 area.

Exchange Rates
Current Level:78.38
Resistance: 79.40
Support: 77.60
Last Weeks Range: 79.35-77.54

Better than expected employment numbers created further buyer interest in the Australian Dollar (AUD) edging price to 79.35 against the Japanese Yen (JPY). A small number of jobs (4,600) were added to the workforce a little light on expectations but it was the unemployment rate markets focused on coming in at 4.9% from 5.0%. A Japanese holiday made for lighter trading volumes with the Aussie retracing earlier moves higher. Risk sentiment and a thirst for the US Dollar saw buyers back into the JPY with price dropping to 78.60 levels. Next week sees no data on the docket and price should be reasonably constrained around current levels.

Exchange Rates
The current interbank midrate is: AUDJPY 78.78
The interbank range this week has been: AUDJPY 78.58- 79.41

The Australian Dollar (AUD) reversed off the 77.70 low last week to push back to 79.50 against the Japanese Yen (JPY). Monetary policy minutes release today as well as the HPI- House Price Index with both expected to reflect the recent dire themes ahead of Aussie jobs numbers. The RBA have recently talked up job growth and low unemployment- we shall see. Japanese Bank holiday Thursday with Vernal Equinox Day. Risk sentiment could also play a part shifting markets with another Brexit vote to take place Wednesday.

Exchange Rates
Current Level: 78.99
Resistance: 79.40
Support: 78.30
Last Weeks Range: 78.37-79.41

The Australian Dollar (AUD) has held its ground this week against the Japanese Yen (JPY) coming from the open of 77.80 price has extended to 78.95 the current weekly high where it sits now. Focus today will be on the Bank of Japan’s interest rate and statement with possible comments from Kuroda around ramping up stimulus will be key in relation to achieving their 2.0% inflation target. The BoJ have said recently they would weigh the benefits and costs with further policy easing. If Kuroda signals more easing due to lower growth and inflation expectations, we could see the cross push higher to 80.00

Exchange Rates
The current interbank midrate is: AUDJPY 78.92
The interbank range this week has been: AUDJPY 77.90- 78.97

The Australian Dollar (AUD) has recovered off last weeks low of 77.72 against the Japanese Yen (JPY) as risk improved in markets with price pushing back to 78.70. Later this week in focus is the Bank of Japan (BoJ) interest rate statement. Comments around ramping up stimulus will be key in relation to achieving their 2.0% inflation target. The BoJ have said recently they would weigh the benefits and costs with further policy easing. If Kuroda signals more easing due to lower growth and inflation expectations, we could see a devalued JPY.

Exchange Rates
Current Level: 78.64
Resistance: 79.50
Support: 78.00
Last Weeks Range: 77.73-79.33

The Australian Dollar (AUD) has been sold off heavily this week against the Japanese yen (JPY) to 78.20 with a slew of weaker data coming out of Australia. The RBA left rates unchanged at 1.50% and seemed to pin future economic hopes on strengthening wage growth and falling unemployment. Quarterly GDP and Retail Sales were soft the only saviour for the Aussie was a fairly solid Trade Balance figure printing at 4.55B from the expected 2.85B. This kept the Aussie from falling further, however early Friday has seen a change in market sentiment with equity markets turning negative as the ECB left rates unchanged overnight but slashed its inflation and growth forecasts for 2019 and 2020 affecting general sentiment with the US Dollar turning negative and the Japanese Yen favoured as the preferred safe haven buy. We suspect the AUD is in a spot of bother currently so we see price eventually falling back to early Jan 2019 levels around 76.00

Exchange Rates
The current interbank midrate is: AUDJPY 78.28
The interbank range this week has been: AUDJPY 78.15- 79.55

Since early February we have seen a series of higher lows and higher highs in the Australian Dollar (AUD), Japanese Yen (JPY) pair. We have been following a bullish channel with price currently at the bottom of this around 79.25 Tuesday lunch. The pattern observes the need for positive Australian Data this week after a shaky start with Building approvals and Business operating profits printing weak. Today’s RBA cash rate announcement holds the key as investors look for dovish comments, which could put additional pressure on the AUD before quarterly GDP and Retail Sales later in the week. If price breaks below 79.00 support we could see the pair drop further.

Exchange Rates
Current Level: 79.27
Resistance: 79.60
Support: 79.00
Last Weeks Range: 78.93-79.77

Early week support in the Australian Dollar (AUD) based on trade talks between China and the US going well soon turned sour as optimism around any deal being agreed was scaled back. A real game of two halves this week with price reaching 79.75 before reversing back to the weekly open of 78.90. Buyers of Japanese Yen (JPY) shouldn’t be to dejected as we are still in a bullish chanell from January with price expected to move higher. Risk sentiment will continue to dominate this pair, we note even with a slew of bad data this week for Japan price has not moved against the Yen.

Exchange Rates
The current interbank midrate is: AUDJPY 79.06
The interbank range this week has been: AUDJPY 78.90- 79.77

After a terrible week in Australia with a swag of negative data and headlines the Australian Dollar (AUD) received support after the trade talks between China and the US turned to optimism. The Japanese Yen (JPY) was sold off across the board as markets turned risk on focusing on commodity driven currencies like to Aussie. As quick as it dropped to a low of 78.35 price reversed into the weekly close and Monday sessions to 79.75. Bullish trend from January should see the pair move higher back through 80.00 in the short term as long as trade talks don’t go pear shaped.
Exchange Rates
Current Level: 79.61
Resistance: 80.40
Support: 78.30
Last Weeks Range: 78.33-79.81

The Australian Dollar (AUD) climber to 79.80 yesterday against the Japanese Yen (JPY) after Aussie employment data surprised to the upside posting 39,100 new jobs. The excitement didn’t last long with Westpac announcing they expect the RBA to cut the cash rate in both August and November this year. They also see unemployment rising from the current 5.0% to 5.5%. China announced a total ban of Australian coal imports for 2019 which is China’s top coal supplier and will cap overall imports. This comes with a real blow to the Australian economy with coal being Australia’s biggest export earner. Naturally the AUD has tumbled across the board with the JPY cross dropping to 78.40 Friday morning.
Exchange Rates
The current interbank midrate is: AUDJPY 78.54
The interbank range this week has been: AUDJPY 78.34- 79.81

The Australian Dollar (AUD) extended last week’s gains into Monday’s trading against the Japanese Yen (JPY) on improved risk sentiment. Preliminary Japanese GDP turned in negative printing at 0.3% based on predictions of 0.4% and weakened the currency but it was positive news relating to trade talks in Beijing which bough risk products back in play. Tuesday with a lack of liquidity from a US holiday the pair has dropped back to 78.80. Aussie unemployment figures this week will be key followed by RBA governor Lowe speaking Friday which should offer no real surprises.

Exchange Rates
Current Level: 78.72
Resistance: 79.30
Support:78.00
Last Weeks Range: 77.90-79.23

The risk trade has been firmly back on the table this week with the Aussie (AUD) making gains against the Japanese Yen (JPY) reversing last week’s decline from 77.40 to 79.20 Friday. The Japanese economy is starting to lose oomph hampered by the ongoing US /China trade disputes, but it’s understood this week they have made some progress in Beijing. US Retail Sales printed disappointing scaring traders back into safer investments with buyers entering back into JPY with the cross coming off to 78.50

Exchange Rates
The current interbank midrate is: AUDJPY 78.33
The interbank range this week has been: AUDJPY 77.75- 79.23

The Australian Dollar (AUD) dropped in value a whole 2% last week against the Japanese Yen (JPY) falling to 77.45 late Friday. This week due to a lack of economic data for the pair we should see price drift along with risk sentiment. Any rebound in equity markets should favour the Aussie back to 79.00, already it has made a good start recovering to 78.00 Tuesday lunch. Only data of note later in the week is Japanese fourth quarter GDP expected to print at 0.4%

Exchange Rates
Current Level: 77.96
Resistance: 79.00
Support:77.40
Last Week’s Range: 77.42-79.26

The New Zealand Dollar (NZD) fell out of bed Wednesday coming from a high of 75.90 against the Japanese Yen (JPY) it dropped to 74.10 Friday after appetite for risk disappeared. Equity markets have not held up at recent levels as the realities of weakened central bank’s monetary policy and trade tariff issues start to really bite. NZ employment data numbers were terrible posting a new 4.3% unemployment rate with high poor wage growth. If wage inflation remains poor the OCR could go lower later in the year. We think the NZD will recover depending on market risk factors in play- a retest of the high of 76.00 is a possibility if equities have a good couple of days.

Exchange Rates
The current interbank midrate is: NZDJPY 73.94
The interbank range this week has been: NZDJPY 73.890- 75.91

Currency Calculator (indicative only, contact us for an accurate quote)