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AUD to JPY 2024 Forecasts

Analysis of recent Aussie → Yen forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Australian dollar to Japanese yen performance and trends.

 

Forecasts for AUD to JPY

 

Recent forecasts and currency market updates suggest that the Australian Dollar (AUD) may continue to face pressure in the near term due to global rate expectations, lower commodity prices, and uncertain economic outlook. The AUD has struggled through February, hovering between US$0.64 and US$0.66 amidst changing global rate expectations and weak commodity prices. The Reserve Bank of Australia (RBA) holding rates and soft economic data have added to the headwinds faced by the Aussie dollar. Analysts anticipate the AUD's value could fluctuate within this range until clarity emerges on US rate cuts, with a potential for further downside pressure should the US monetary policy outlook turn dovish.

On the other hand, the Japanese Yen (JPY) may find some support in the second half of 2024, with forecasts suggesting a potential range of USD/JPY between 143 and 149. While the JPY weakened in February, reaching a 3-month low, factors such as expectations of a rate increase by the Bank of Japan and potential dovishness from the Federal Reserve could influence its trajectory in the coming months. The JPY's safe-haven status and any widening of the US-Japan interest-rate gap will also play crucial roles in determining the USD/JPY exchange rate. Additionally, factors such as bullish momentum in the Nikkei 225 and possible hints of rate cuts from the Fed may impact the JPY's performance.

Considering the recent AUD to JPY price data, where the exchange rate stands at 97.57 just above its 3-month average, and the significant trend in Brent Crude OIL/USD prices, with OIL trading at 85.11, 5.8% above its 3-month average, market analysts and economists are closely monitoring these developments to assess their potential impact on the AUD to JPY exchange rate. Ultimately, a combination of economic indicators, central bank policies, and external factors will likely shape the trajectory of both currencies in the foreseeable future.

 
@bestfxrates : AUD faces headwinds as global rates & commodity slump weigh down prospects. Meanwhile, JPY eyes support with rate hike expectations. With AUDJPY at 97.57, tracking above 3-mo avg, moves in oil & US policy shift are key. FX analysts eye central bank cues for future direction. #AUDJPY #ForexUpdate

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AUD to JPY Market Data

Australian dollar (AUD) to Japanese yen (JPY) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 AUD =
97.93We compare provider deals to this wholesale mid-market rate. Read more
JPY
+0.1%
📈1W
AUD to JPY is at 7-day highs near 97.84, just 0.5% above its 3-month average of 97.34, having traded in a very stable 3.1% range from 95.81 to 98.77
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Compare & Save - Australian dollar to Japanese yen

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Australian dollar (AUD) to Japanese yen (JPY) rates from different sources before making a conversion.

Use our AUD to JPY calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Aussie to Yen currency rates and the possible savings of using various providers.

 
DateAUD/JPYChangePeriod
04 Mar 2024
97.90
0.1% 2 Week
19 Dec 2023
97.27
0.6% 3 Month
19 Mar 2023
88.80
10.2% 1 Year
20 Mar 2019
78.94
23.9% 5 Year
21 Mar 2014
92.90
5.3% 10 Year
23 Mar 2004
80.27
21.9% 20 Year
AUD/JPY historic rates & change to 18-Mar-2024
 

Will the Australian dollar rise against the Japanese yen?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

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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