The AUD/JPY currency pair is a ratio of the Australian dollar to the Japanese yen. In this pair, the Australian dollar is the “Base” and the Japanese yen is the “Quote” currency. In this pair, the Australian dollar is a commodity currency, which differs from similar currencies in its high-level returns. Yen is a currency that can be essentially changed and is characterized by its high technological effectiveness at the same time. This is the most famous and popular currency pairs among the traders who work in the Asian market trading session.
Several important factors have a significant effect on this currency pair:
important strategic decisions about the political and economic conditions of both countries.
Significant fluctuations are observed in the currency pair if there's a change in one or several factors at once. The traders who mostly like volatility and good time frames usually use this pair. Since the currency is an integral part of the carry trade, it's subject to all changes in the interest rate, on which the well-being of Japan and Australia strongly depends. In trading his currency pair in Forex, traders can use a certain time frame to work. The traders also can apply real resistance and support levels, slow stochastics, and other markers, with the help of which it's possible to determine entry and exit points.
The experienced traders who know fundamental and economic analysis perfectly often use this trading pair because they can put their knowledge into practice to make profit from trading. An analysis of the historical minimum and its reaction is also required. That is why it's possible to use special software for forecasting and analysis as an addition. It can help you not to lose on trading and learn how to trade this pair as professional Forex traders.
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