AUD to JPY Forecasts 2021

AUD/JPY – The Australian Dollar eased moderately against the Japanese Yen, finishing at 81.42 on Friday from 81.50 a week ago. Like the other currency pairs, the Aussie Battler had a roller coaster week against the Japanese Yen. AUD/JPY hit a high at 81.94 (last Friday) and saw a low at 80.01 (Monday). Risk appetite was the main driver of this cross-currency pair. Expect more of the same.

The souring of risk appetite almost always sees this currency pair push lower. The Australian Dollar normally strengthens when risk appetite is healthy while the opposite follows. As for the Yen, it’s the opposite. The Japanese currency will rise when risk appetite sours.

Australian dollar to Japanese Yen bank forecasts

AUD to JPY had gained 8 percent in the first quarter as commodity markets gain favour in 2021 with positive market sentiment associated with Joe Biden’s election win and vaccine roll-out news.

In the first weeks of May AUD/JPY had risen above ¥85, well past National Australia Bank’s prediction of ¥79 for the end of the first quarter 2021.

Aussie is benefiting from the Copper price surging above 9,000 for the first time in more than 10 years, on concerns about a global deficit of the metal and growth expectations.

AUD to JPY Exchange Rates – Compare and Save

What is a good AUD to JPY exchange rate?

Whether the Australian dollar will rise or drop in the future versus the yen is a difficult question and the answer really depends on many factors. The best way to consider the current AUD-JPY relative value is to check the change in the exchange over a range of periods to the present day. The below table does this for periods going back 10 years.

Disclaimer: Please note that the currency forecasts and opinions of our authors should not be taken as a reference to buy or sell any financial product.