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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


    The Australian dollar (AUD) has shown resilience against major currencies such as the US dollar (USD) and the euro (EUR) throughout April and into May despite facing pressures like a lower fixed value for the yuan and tempered Federal Reserve (Fed) commentary. The AUD has been hovering within a narrow trading band but recently climbed above US$0.66, marking fresh 4-week highs before meeting resistance. Analysts have noted that a dramatic turnaround in risk appetite would be needed for the AUD to strengthen further.

    On the other hand, the Japanese yen (JPY) weakened against the USD in April due to robust US data and concerns over potential interventions by the Bank of Japan (BoJ) to support the yen. While the BoJ kept interest rates steady and hinted at possible hikes later in the year, the yen experienced weakness throughout April. Despite BoJ interventions to stabilize the yen, the interest rate differentials between Japan and other developed economies, notably the US, are expected to remain wide, keeping the yen under pressure. The USDJPY exchange rate experienced volatility, dropping to 154.40 after breaching 160, and may see further fluctuations as market participants await more clarity on BoJ interventions and foreign exchange operations.

    The AUDJPY exchange rate has reached 90-day highs near 103.8, showing a 4.1% increase above its 3-month average, indicating strength in the Australian dollar relative to the Japanese yen. Additionally, movements in oil prices, with OIL to USD trading at 83.44, slightly below its 3-month average, could also impact the Japanese yen as it is sensitive to commodity price fluctuations. Looking ahead, market analysts will continue to monitor economic data releases, central bank policies, and geopolitical developments to assess the future direction of the AUDJPY exchange rate.

    @bestfxrates : 📈 Despite wider forex pressures, the #AUDJPY reaches a 90-day peak at 103.8. The Aussie shows resilience amid a stabilizing #AUDUSD above $0.66 and a weakening yen with the #USDJPY pullback to 154.40. Economists eye BoJ moves and oil shifts for future rate direction. #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 =
    104.31We compare provider deals to this wholesale mid-market rate. Read more
    AUD to JPY is at 90-day highs near 104.3, 4.5% above its 3-month average of 99.78, having traded in a relatively stable 7.3% range from 97.19 to 104.3
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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.

    03 May 2024
    3.2% 2 Week
    17 Feb 2024
    6.3% 3 Month
    18 May 2023
    13.5% 1 Year
    19 May 2019
    37.2% 5 Year
    20 May 2014
    11.4% 10 Year
    22 May 2004
    32.6% 20 Year
    AUD/JPY historic rates & change to 17-May-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.

    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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    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