The FX market's bellwether for risk sentiment, AUD/JPY, reached over ¥80 at the end of 2020.
AUD to JPY has gained 8 percent in the last 3 months 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 April AUD/JPY is steady around ¥83-¥84, 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.
You can read more about AUD cross-rate forecasts here AUD Trends and Forecasts for 2020.
AUD to JPY Exchange Rates – Compare and Save
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.
| AUD/JPY | Change | Period |
|---|---|---|
| 83.4275 12 Apr 2021 | 0.6% ▲ | 1 Week |
| 84.2862 20 Mar 2021 | 0.5% ▼ | 30 Days |
| 80.1491 19 Jan 2021 | 4.7% ▲ | 90 Days |
| 68.2335 19 Apr 2020 | 23% ▲ | 1 Year |
| 85.4602 20 Apr 2016 | 1.8% ▼ | 5 Years |
| 87.9901 22 Apr 2011 | 4.6% ▼ | 10 Years |
AUD/JPY 10 year historic rates & change to 19-Apr-2021 : 83.9039