Analysis of recent aussie→yen forecasts. We collate forecasts from respected FX analysts together with the latest AUD to JPY performance and trends.
Forecasts for AUD to JPY
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Based on recent forecasts and currency market updates, the outlook for the AUD to JPY exchange rate is quite uncertain. FX analysts have noted that the Australian dollar is heavily influenced by factors such as commodity prices, trade policies, and political developments. The major Australian banks have downgraded their forecasts for the Aussie dollar, with some predicting a potential decline below US60¢. This is mainly due to incorrect assumptions about improved Chinese demand for iron ore and a softer US dollar.
On the other hand, the Japanese yen is influenced by factors such as the US-Japan interest-rate gap, changes in global oil prices, and its safe-haven status. Goldman Sachs predicts further weakness in the yen, with the USDJPY pair potentially falling to 155, which would be the lowest level since the 1990s.
In terms of recent price data, the AUDJPY pair has been trading close to 90-day highs near 96.66, which is 2.1% above its 3-month average. The pair has maintained a relatively stable range between 92.73 and 96.66. Additionally, the price of oil in USD has experienced significant volatility, with the Brent Crude OIL/USD pair currently trading at 95.38, which is 11.7% above its 3-month average.
Given the uncertainty surrounding both the Australian and Japanese economies, it is essential for individuals and businesses to closely monitor the market and consult with professionals before making any currency exchange decisions.
Compare & Save - Australian dollar to Japanese yen
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@bestfxrates : 29 Sep: Uncertainty clouds AUD to JPY exchange forecast. Downgraded AUD outlook mainly due to shaky Chinese iron ore demand & softer USD. JPY's fate hinges on US-Japan interest-rate gap, global oil prices. AUDJPY nears 90-day high of 96.66. Stay vigilant, consult professionals. #FX
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Will the Australian dollar rise against the Japanese yen?
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Read our Currency guide to Japan - a practical currency and money guide to travel, living and doing business in Japan with the Japanese yen.
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more