XAU/JPY: what to know
The XAU/JPY rate shows how much JPY you get for 1 XAU. Right now, 1 XAU buys 697,730.31 JPY at the mid-market rate. In the other direction, 1 JPY is worth 0.000001 XAU.
In the short term XAU is driven mainly by real interest rates, the dollar and safe-haven demand, while JPY responds to Bank of Japan policy and global risk appetite.
The code “XAU” combines “X” (supranational) with gold’s chemical symbol Au. The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
Over the past 12 months the XAU/JPY rate has ranged between 534,681.33 and 833,603.61 — a change of +30.41% versus a year ago.
Because this pair involves a precious metal, the rate reflects global bullion prices per troy ounce. 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.