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    Currency outlook AUD/JPY

    AUD to JPY Forecast & Outlook

    Latest AUD to JPY forecasts including bank predictions, key market drivers and recent trends for AUD/JPY. See where analysts expect the pair to move and the factors likely to influence it.

    AUD to JPY Forecast & Outlook

    04 Aug 2026 • 00:25 GMT

    AUD/JPY 110.2

    Forecast snapshot

    Quick AUD/JPY forecast

    Near-term bias🔴 Mild downside
    Expected range108.0750 – 110.2000
    Dominant driver🌍 Global risk sentiment
    3-month trend🔴 Downtrend

    Currently, AUD/JPY is trading close to its 90-day average and near the recent 3-month range lows. The pair is supported by risk-off sentiment and safe-haven flows, pressuring the Australian dollar lower. Near-term conditions suggest further downside if risk aversion persists.

    💸 Transfer implications

    • Expats: sending money to Japan may find exchange rates less favourable than recent levels.
    • Travellers: exchanging AUD for JPY might face higher costs if the pair declines further.
    • Businesses: paying Japanese Yen invoices in AUD could encounter less advantageous rates.

    🧭 Key drivers

    • Rate gap: Australian yield advantage has narrowed, reducing upward pressure on AUD.
    • Risk/commodities: Elevated risk-off sentiment supports the yen and weighs on the AUD.
    • Global factors: Ongoing risk aversion remains dominant amid cautious Japanese policy and US-Japan rate differentials.

    ⚠️ What could change it

    • Upside risk: A shift towards risk appetite could support the AUD if market sentiment improves.
    • Downside risk: Further Japanese yen strengthening or unexpected Japanese intervention could exacerbate the downside.

    Finding providers with lower margins may help offset less favourable exchange conditions.

    AUDJPY Bank Forecasts to end of the year

    The outlook for AUD/JPY is mixed, with NAB projecting the pair to decline to 95 by December 2026. In contrast, general expectations inferred from a Reuters poll imply a potential stabilizing effect from USD weakness, although no direct AUD/JPY level was provided. The broader sentiment suggests currency pressures stemming from differing monetary policies in Australia and Japan, as well as ongoing yen weakness against the USD.

    Big bank views

    • NAB expects AUD/JPY to fall steadily, reaching 95 by the end of December 2026.
    • General expectations from a Reuters poll imply a strengthening yen against the USD, which could influence AUD/JPY indirectly.
    • There are no other explicit year-end forecasts from named institutions in the context.

    What could change the outlook

    • Intervention by Japanese authorities to support the yen could alter the forecast significantly.
    • A shift in RBA's monetary policy or changes in global economic conditions could impact the Australian dollar's strength.

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    Rate direction

    AUD to JPY market data

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

    Sell AUD   →   Buy JPY
    1 AUD =
    110.49We compare provider deals to this wholesale mid-market rate. Read more
    JPY
    1D−0.5%▼
    AUD to JPY at 110.2 is 2.5% below its 3-month average of 113, having traded in a quite stable 4.4% range from 110.0 to 114.8
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    Will the Australian dollar rise against the Japanese yen?

    This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Australian dollar vs Japanese yen current value is to look the AUD/JPY historic rate and change over a range of periods.

    The following table looks at the change in the AUD to JPY exchange rate over periods from the previous week back to the last 10 years.

    DateAUD/JPYChangePeriod
    20 Jul 2026
    113.75
    		3.3% ▼2 Week
    05 May 2026
    113.56
    		3.1% ▼3 Month
    03 Aug 2025
    95.32
    		15.5% ▲1 Year
    04 Aug 2021
    80.86
    		36.1% ▲5 Year
    05 Aug 2016
    77.52
    		42% ▲10 Year
    08 Aug 2006
    87.51
    		25.8% ▲20 Year
    AUD/JPY historic rates & change to 03-Aug-2026

    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.

    To help with this you can add AUD/JPY to your personalised Rate Tracker to track and benefit from currency movements.

     
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