JPY/AUD: what to know
The JPY/AUD rate shows how much AUD you get for 1 JPY. Right now, 1 JPY buys 0.008881 AUD at the mid-market rate. In the other direction, 1 AUD is worth 112.5972 JPY.
In the short term JPY is driven mainly by Bank of Japan policy and global risk appetite, while AUD responds to commodity prices and Chinese demand.
The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”. The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit.
Over the past 12 months the JPY/AUD rate has ranged between 0.008717 and 0.0103 — a change of -13.57% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.